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S Corporation Answer Book, Eighth Edition

By Judith Rood Traum, Sydney S. Traum
Format
Book - Looseleaf
$445.00

Book - Looseleaf

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Overview

Maximize S Corporation advantages and minimize taxes. This quick-reference manual enables you to avoid tax traps, make a QSub election, capitalize on the permissible differences in stock rights to facilitate estate planning and ownership transfers, determine allocation of income, losses, and deductions in the termination year of the S corporation; with full citations to the controlling rules, regulations, and court decisions to save you hours of research. By Judith Rood Traum and Sydney S. Traum

S Corporation Answer Book, Eighth Edition lets you help clients take full advantage of their S corporation status and minimize their taxes. This quick-reference manual leads you directly to authoritative information on every aspect of the S corporation, enabling you to

  • Arm the S corporation against the potential tax traps hidden in the Small Business Tax Protection Act.
  • Maximize the tax benefits of S corporation status.
  • Make a qualified Subchapter S Subsidiary (QSub) election.
  • Identify transactions that will trigger the built-in gains tax.
  • Avoid added tax liability or loss of S corporation status from passive investment income.
  • Capitalize on the permissible differences in stock rights to facilitate estate planning and ownership transfers.
  • Determine allocation of income, losses, and deductions in the termination year of the S corporation.

Plus, there are citations to the controlling rules, regulations, and court decisions that will save you hours of research.

Last Updated 10/23/2013
Update Frequency Updated twice annually
Product Line Wolters Kluwer Legal & Regulatory U.S.
ISBN 9781454845133
SKU 10046219-7777
Table of Contents
  • Qualifying as an S Corporation
  • Elections and Consents
  • Taxable-Year Rules
  • Terminations and Revocations
  • Reorganizations of S Corporations
  • Protecting the S Corporation Election; Invalid Elections
  • Passive Investment Income
  • S Corporations' Taxable Income and Losses; Taxation of the S Corporation
  • Taxation of S Corporation Shareholders—Basic Pass-Through and Allocation Principles
  • Limitations on Shareholder Losses and  Deductions
  • Shareholders' Basis in S Corporation Stock and Loans
  • S Corporation Distributions to Shareholders
  • Compensation; Fringe and Retirement Benefits
  • Tax Administration of S Corporations
  • Estate Planning and Administration
  • State Taxation
  • Choice of Entity
Volumes