Taxation of S corporations in a nutshell / Douglas A. Kahn, Jeffrey H. Kahn, Terrence G. Perris.
2017
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Details
Title
Taxation of S corporations in a nutshell / Douglas A. Kahn, Jeffrey H. Kahn, Terrence G. Perris.
Edition
Second edition.
Imprint
St. Paul, MN : West Academic Publishing, [2017]
Distributed
[St. Paul, Minnesota] : West Academic Publishing, [2017]
Description
1 online resource (xxv, 221 pages).
Series
Nutshell series.
Study aids (West Academic Publishing)
Study aids (West Academic Publishing)
Formatted Contents Note
Introduction
Eligibility to qualify as an S corporation
Effect of an S election
Shareholder's basis in S corporation's stock and debt obligations
Limitations on deductions
Distributions received from an S corporation
Termination of election
Taxation of passive investment income
Taxation of built-in gains
Fringe benefits.
Eligibility to qualify as an S corporation
Effect of an S election
Shareholder's basis in S corporation's stock and debt obligations
Limitations on deductions
Distributions received from an S corporation
Termination of election
Taxation of passive investment income
Taxation of built-in gains
Fringe benefits.
Summary
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, and (9) the taxation of an S corporation's passive investment income and built-in gains. The discussion of these issues is supplemented by numerous examples.
Note
Includes index.
Source of Description
Description based on e-publication title page, viewed March 1, 2017.
Location
www
Other Editions
Revision of: Kahn, Douglas A., 1934- Taxation of S corporations in a nutshell. St. Paul, MN : Thomson/West, [2008]
Available in Other Form
Original
Access Note
Full text available with subscription to Study Aids package.
Linked Resources
Alternate Title
West Academic Publishers
Language
English
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