Author Description

Our Guide will lead you through the critical and complicated issues facing S corporations in the midst of drastic tax changes. The Guide dissects routine and unusual transactions affecting S corporations and delivers hundreds of real-world examples. Everything you need to know about establishing or maintaining an S corporation tax structure is here. Details of the recent installment sale partial repeal Proven ways to reorganise the business - tax free! Suggestions for change to cash method of accounting New tax year change rules that can accelerate an S election Analysis of the conflict among various Circuit Courts of Appeal regarding corporate cancellation of debt income and shareholder Coverage of new litigation in the at-risk area Practical estate-planning considerations that keep the IRS at bay On-target advice based on hundreds of real-life situations Ready-to-go checklists, worksheets and sample election letters at the end of each chapter FREE CD-ROM containing the full text of recent landmark S Corporation cases and IRS letter rulings referenced in the book