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Taxation of S Corporations in a Nutshell

Author : Douglas A. Kahn

Publisher : West Academic Publishing

Page : 272 pages

File Size : 22,66 MB

Release : 2020-10-07

Category :

ISBN : 9781647085261

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Book Description

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, (9) the taxation of an S corporation's passive investment income and built-in gains, and (10) the business income deduction. The discussion of these issues is supplemented by numerous examples.



The S Corporation Answer Book

Author : Sydney S. Traum

Publisher : Wolters Kluwer

Page : 824 pages

File Size : 50,86 MB

Release : 2008-12-17

Category : Law

ISBN : 0735581517

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Book Description

This quick-reference manual lets you help clients take full advantage of their S corporation status and minimize their taxes. it 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 dispositions 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.



Taxation of S Corporations in a Nutshell

Author : Douglas A. Kahn

Publisher : West Academic Publishing

Page : 274 pages

File Size : 35,86 MB

Release : 2008

Category : Business & Economics

ISBN :

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Book Description

This book covers the following topics: the qualification requirements for a subchapter S election, the allocation of tax items among the shareholders, the effect of those allocations on a shareholder's basis in stock and debt, the limitations on the deduction of pass-through items, the treatment of corporate distributions, the voluntary and involuntary termination of subchapter S status, the treatment of the year in which a subchapter S election is terminated, the limited availability of certain subchapter S provisions after a subchapter S election is terminated, and the taxation of an S corporation's passive investment income and built-in gains.



Self-employment Tax

Author :

Publisher :

Page : 12 pages

File Size : 19,69 MB

Release : 1988

Category : Income tax

ISBN :

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Book Description



Subchapter S Taxation

Author : Irving M. Grant

Publisher : Shepard's/McGraw-Hill

Page : 700 pages

File Size : 44,20 MB

Release : 1980-01-01

Category : Small business

ISBN : 9780070240728

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Book Description

This looseleaf work is a comprehensive analysis of the provisions of Subchapter S of the IRC. Comparisons of Subchapter S corporations with partnerships & discussions of how Subchapter S elections may be used to reduce taxes are included in the volume. Forms for Subchapter S election & revocation are provided.



Federal Income Taxation of S Corporations

Author : KAREN C.. MCNULTY BURKE (JOHN K.)

Publisher : Foundation Press

Page : 0 pages

File Size : 32,65 MB

Release : 2022-10-20

Category :

ISBN : 9781636593579

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Book Description

This text provides a concise introduction to the taxation of S corporations and their shareholders. It explains the basic law and offers examples to focus the scope and application of the general principles. Topics include: electing and maintaining S status; shareholder-level taxation of income, loss, and distributions; use of shareholder debt; qualified subchapter S subsidiaries; and special taxes imposed on S corporations. More advanced topics are also addressed, including redemptions, acquisitions and dispositions, as well as the advantages and disadvantages of S corporations compared to partnerships. This third edition has been fully updated to reflect developments through June 2022.



Federal Corporate Taxation

Author : Howard E. Abrams

Publisher :

Page : 312 pages

File Size : 25,21 MB

Release : 1990

Category : Business & Economics

ISBN :

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Book Description

The Fourth Edition of Abrams & Doernberg's Federal Corporate Taxation includes: * New debt/equity limitations ("non-qualified preferred stock") in corporate formations & reorganizations * Anti-abuse redemption provisions covering stock options & sales between related corporations * The anti-Morris Trust changes to tax-free spin-offs * Liberalization of Subchapter S shareholder restrictions & changes to timing of Subchapter S distributions ###1-56662-799-0



Federal Income Taxation of Individuals in a Nutshell

Author : John K. McNulty

Publisher :

Page : 596 pages

File Size : 17,85 MB

Release : 1988

Category : Law

ISBN :

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Book Description

Introduction to US law of federal income taxation of individuals. Includes material on tax credits, mark-to-market regimes, original-issue discount, consumption- vs. accretion-model income taxation.



Black Letter Outline on Corporate Taxation

Author : Stephen Schwarz

Publisher : West Academic Publishing

Page : 402 pages

File Size : 45,84 MB

Release : 2019-08-05

Category :

ISBN : 9781642428933

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Book Description

This comprehensive and clearly written text is designed to help students recognize and understand the basic principles and issues covered in law school courses in corporate taxation at both the J.D. and LL.M. levels. It explains all the fundamental concepts and transactions affecting C and S corporations and their shareholders, and includes numerous illustrative examples, self-test questions with answers, and sample exam questions. The Ninth Edition incorporates all relevant provisions of the 2017 legislation known as the Tax Cuts and Jobs Act.



Federal Income Taxation of Partners and Partnerships in a Nutshell

Author : Karen C. Burke

Publisher : West Publishing Company

Page : 0 pages

File Size : 32,92 MB

Release : 1999

Category : Partnership

ISBN : 9780314230461

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Book Description

Common Law and Equitable Remedies for Breach of Contract; Expectation Damages; Restitution; Reliance Damages; Specific Performance; Contracts for the Sale of Goods: Buyers' and Sellers' Remedies Under Article II of the UCC; Remedies Available to Buyer When He Has Not Accepted the Goods; Remedies Available to Buyer After He Has Accepted the Goods, Including Remedies for Breach of Warranty; Remedies Available to Seller When Buyer Defaults and Has Not Accepted the Goods; Remedies Available to Seller After Buyer has Accepted the Goods; Contractual Control Over Remedy; Liquidated Damages Clauses; Contractual Modification or Limitation of Remedy Under UCC 2-719; Remedies for Mistake and Unconscionability; Mistake in the Formation of an Agreement -- The Recission and Restitution Remedies; Mistake in Integration or Expression The Reformation Remedy: Mistake in Performance of an Obligation The Restitution Remedy; Unconscionability.