Taxation of S Corporations in a Nutshell (Nutshells) - Softcover

Kahn, Douglas; Kahn, Jeffrey; Perris, Terrence

Softcover

ISBN 10: 1683282205 ISBN 13: 9781683282204

Publisher: West Academic Publishing, 2017

Synopsis

The Subchapter S rules are complex. This book describes the basic rules that apply to S corporations and their shareholders with sufficient detail to alert the reader to potential pitfalls. The topics covered include: (1) the qualification requirements for a Subchapter S election, (2) the allocation of tax items among the shareholders, (3) the effect of those allocations on a shareholder’s basis in stock and debt, (4) the limitations on the deduction of pass through items, (5) the treatment of corporate distributions, (6) the voluntary and involuntary termination of Subchapter S status, (7) the treatment of the year in which a Subchapter S election is terminated, (8) the limited availability of certain Subchapter S provisions after a Subchapter S election is terminated, and (9) the taxation of an S corporation’s passive investment income and built-in gains. The discussion of these issues is supplemented by numerous examples.

About this edition

• Publisher: West Academic Publishing
• Publication date: 2017
• ISBN 10: 1683282205
• ISBN 13: 9781683282204
• Binding: Paperback
• Edition number: 2
• Number of pages: 251