Taxation of S Corporations in a Nutshell / Edition 1

Taxation of S Corporations in a Nutshell / Edition 1

by Douglas A. Kahn, Jeffrey H. Kahn
     
 

ISBN-10: 0314184929

ISBN-13: 9780314184924

Pub. Date: 12/28/2007

Publisher: West Academic

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

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Overview

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.

Product Details

ISBN-13:
9780314184924
Publisher:
West Academic
Publication date:
12/28/2007
Series:
Nutshell
Edition description:
New Edition
Pages:
269
Sales rank:
779,741
Product dimensions:
4.90(w) x 7.30(h) x 0.50(d)

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