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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.
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.