S Corporations

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Tax Section Members (23)

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S Corporations Guidance

This section provides public access to comments on legislation and administrative guidance in the S corporation tax area. It also provides Tax Section members with practice tools related to S corporations and their shareholders, including:

S Trust Checklist & Practice Guide
Q Sub Practice Guide
S Election Grid

Practice Support

TOOLS AND AIDS

S Trust Checklist & Practice Guide
Q Sub Practice Guide (Word) or (Pdf)
S Election Grid
Section 338(h)(10) S Corporation Checklist

Sample Private Letter Rulings on the Subject of Ineffective S Elections and Inadvertent S Terminations
Shareholder Basis Calculation Worksheet

S Corporation Buy/Sell Checklist

S Shareholder Post-Mortem Checklist
Passive Activity Checklist (Word) or (Pdf)

RELEVANT GOVERNMENT PUBLICATIONS

Advocacy

COMMENTS ON LEGISLATIVE AND ADMINISTRATIVE GUIDANCE

In a March 12, 2013 letter, the AICPA provided comments to the IRS on the Form 1120S and instructions.
IRS Responds to AICPA Letter about an S Corporation Making a Section 179 Election
AICPA Comment Letter on Basis of Indebtedness of S Corporations to Their Shareholders
Comment Letter on S Corporation Pro Rata Distributions and the Creation of a Second Class of Stock
AICPA Supports the Small Business Election Simplification Act
AICPA Requests Guidance on Maximum Section 179 Deduction for S Corporation Members of a Controlled Group
AICPA Advocates for E-filing and other Changes for Form 2553, Election by a Small Business Corporation
AICPA Second Set of Comments on HR 4213, Section 413, in Support of Effort to Strike Provision from Bill
AICPA Comments on HR 4213, Section 413, proposal to Change Employment Tax Treatment of Professional Service Businesses as S Corporations
Comments on the "taxable year vs. tax year" language in the temporary 7-year recognition period provision contained in the Tax Technical Corrections Act of 2009 (HR 4169)
Pre-release comments regarding S corporations and back-to-back loans
Proposed revenue ruling - Treatment of Noncapital, Nondeductible Expenses with Respect to an S Corporation Shareholder