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Full-Text Articles in Law
Partnership Audits And Litigation (Tefra), Robert D. Probasco, Jason Freeman
Partnership Audits And Litigation (Tefra), Robert D. Probasco, Jason Freeman
Robert Probasco
No abstract provided.
When Subchapter S Meets Subchapter C, Martin J. Mcmahon Jr., Daniel L. Simmons
When Subchapter S Meets Subchapter C, Martin J. Mcmahon Jr., Daniel L. Simmons
Martin J. McMahon
It is often said that “an S corporation is a corporation that is taxed like a partnership.” This statement is incorrect. An S corporation resembles a partnership only in that it generally does not pay income taxes and its income and losses pass through to the shareholders and retain their character as they pass through. Also, like a partnership, basis adjustments to an S corporation shareholder's stock reflect allocations of income, expense, loss, and distributions. However, no other rules of subchapter K governing partnership taxation apply to S corporations. Most of the rules governing the relationship between an S corporation …
Enduring Design For Business Entities, William E. Foster
Enduring Design For Business Entities, William E. Foster
William E Foster