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Taxation of S Corporations in a Nutshell

Taxation of S Corporations in a Nutshell


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About the Book

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 shareholders 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 corporations passive investment income and built-in gains. The discussion of these issues is supplemented by numerous examples.


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Product Details
  • ISBN-13: 9781683282204
  • Publisher: West Academic
  • Binding: Paperback
  • Height: 187 mm
  • No of Pages: 251
  • Spine Width: mm
  • Width: 124 mm
  • ISBN-10: 1683282205
  • Publisher Date: 30 Jun 2017
  • Edition: Nutshell Series
  • Language: English
  • Returnable: Y
  • Weight: 0 gr


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