losses, deductions, and credits through to their shareholders for federal and state tax purposes (and the S Corporation files an information return—Form 1120-S). Some states tax the S Corporation’s income in
Excluding Owners and Officers Multi-State Coverage Workers' Compensation Audit Terminology Premiums Earned The portion of written premiums that are applicable to the expired portion of the time for which the insurance was in effect. When used as an accounting term, "premiums earned" describes the ...