New election for S corp shareholders.The 2004 American Jobs Creation Act increased the maximum number of eligible shareholders that an S corporation may have from 75 to 100 and allows any member of a family to elect to treat all members of that family as one shareholder in determining the number of shareholders. IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. Notice 2005-91 states that guidance on this election was scheduled to be published in IRB IRB See: Industrial Revenue Bond 2005-51, Dec. 19, 2005. --Stuart R. Josephs, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. , Tax Assistance Practice, San Diego |
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