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Current developments in S corporations.
- Source :
- Tax Adviser; Jul2024, Vol. 55 Issue 7, p22-34, 13p
- Publication Year :
- 2024
-
Abstract
- The article centers on recent updates and regulatory changes impacting S corporations. It covers key areas such as election, revocation, and termination of S corporation status, with detailed discussions on eligibility criteria, IRS (Internal Revenue Service) procedures for late elections. It also addresses significant court cases and IRS rulings affecting income passthrough, shareholder basis calculations, and treatment of debts and equity within S corporations.
- Subjects :
- SUBCHAPTER S corporations
PASS through entities
STOCKHOLDERS
TAXATION
Subjects
Details
- Language :
- English
- ISSN :
- 00399957
- Volume :
- 55
- Issue :
- 7
- Database :
- Complementary Index
- Journal :
- Tax Adviser
- Publication Type :
- Periodical
- Accession number :
- 178256953