In the S corporation arena, tax advisors and taxpayers generally do not focus a lot of attention on the S corporation shareholder eligibility rules other than at the time the S election is made. As we ...

This fifth installment of my multi-part series on Subchapter S is focused on married individuals who own shares of an S corporation. While the rules relating to shareholder eligibility seem ...

o payments, either direct or indirect, to a subchapter S corporation always create an increase in the taxpayer’s basis? The Tax Court recently decided that they do not. Sid and Al Ruckriegel were 50% ...

Many business owners set up their businesses using corporations that can qualify for an election under Subchapter S of the Internal Revenue Code. By doing so, entrepreneurs can get the asset ...

Situation: Your client owns a small business that operates as a subchapter S corporation. She elected S corporation status when the individual tax rates were lower than those for a C corporation. When ...

Subchapter S corporations are flow-through entities that avoid double taxation of corporate profit and dividends. Given the features of pass-through taxation, S-corporation owners face incentives to ...

The names and numbers of all the players are in the program. It can’t hurt to page through the financial rule book. There is no need to develop expertise in corporate law. Many small businesses choose ...