S corporations - IRS rules that five year waiting period to re-elect S status not applicable
Article Abstract:
According to Internal Revenue Service's (IRS) rulings in Ltr. Rul. 200506007 the provision of Section 1362(g) requiring a 5 year wait for re-election as S Corporation after the termination of S corporation status is not applicable under certain conditions. The details of the rulings are presented.
Publication Name: Business Entities
Subject: Business
ISSN: 1524-3583
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
Merger of parent into disregarded LLC subsidiary of newly formed corporation treated as "F" reorganization
Article Abstract:
The implications of Ltr. Rul. 200510012 relating to restructuring of domestic corporation are discussed in the context of merger with a disregarded subsidiary of newly formed corporation. According the rule, such merger is to be treated as "F" reorganization.
Publication Name: Business Entities
Subject: Business
ISSN: 1524-3583
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
Effect of certain transactions on QSub and entity classification election status
Article Abstract:
The termination conditions of QSub election of parent S corporation due to reorganization are discussed. According to The Internal Revenue Service the QSub election will not terminate when S corporation transform to F reorganization.
Publication Name: Business Entities
Subject: Business
ISSN: 1524-3583
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: "Herstory" in accounting: the first eighty years. Integrating herstory and history in accountancy. The history of the gender division of labour in Britain: reflections on " 'Herstory' in Accounting: The First Eighty Years." (Feminist Perspectives on Accounting Research)
- Abstracts: ESOPs changes the rules. Reporting with a purpose. Mixing it up
- Abstracts: No more legislation needed. It's time to improve reporting for stakeholders. Leading ladies
- Abstracts: The incremental information content of accruals: evidence based on the exponential smoothing of levels and trends in pre-tax earnings, funds flow and cash flow
- Abstracts: A good lead is the key to writing news releases. Proving, improving ROI of PR. Photographers