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The S Corporation Desk Book.

The S Corporation Desk Book

Michael Schlesinger, Prentice-Hall, Inc.,

This book provides current and authoritative information on the hundreds of tax planning issues that arise in regard to S corporations and gives guidance to steer clear of any tax traps. The book covers the following topics: tax considerations in electing S corporation status, the statutory requirements to be an S corporation, how and when to file the S corporation election Form 2553, subchapter S income and expenses, deductions, income taxes, how items reported on the shareholder's individual tax return are distributed to the shareholder, taxation of distributions to shareholders, planning opportunities, and how to avoid adverse tax consequences. Sample forms, agreements and returns are included in the Appendix, including Form 2553, a sample transmittal letter, filled-in returns for five different complex tax planning scenarios, a shareholders' agreement provision and a revocation of the S election.
COPYRIGHT 1990 National Society of Public Accountants
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1990 Gale, Cengage Learning. All rights reserved.

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Publication:The National Public Accountant
Article Type:Book Review
Date:Jul 1, 1990
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