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 ...

An S corporation is a special type of corporation organized under the Internal Revenue Code's Subchapter S. It blends elements of a traditional Subchapter C corporation with the simplicity of a sole ...

Corporations that meet certain requirements can choose to be treated as a Subchapter S corporation for tax purposes. Unlike a traditional corporation, an S corporation does not pay corporate income ...