S Corporation Answer Book, Eighth Edition
Book - Looseleaf
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.
|Update Frequency||Updated twice annually|
|Product Line||Wolters Kluwer Legal & Regulatory U.S.|
- 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