QSub Practice Guide
Practice Aid:
In 1996, Congress for the first time allowed S Corporations to own 100% of another corporation and thus take advantage of certain rules related to affiliated corporations. This Practice Guide includes 115 pages including six chapters and three appendices replete with examples, a checklist, related Subchapter C concepts, and primary
Published on May 17, 2013
S Corporation Checklist Section 338(h)(10)
Checklist:
This checklist walks through the process of making an election to treat an actual stock sale (for non-tax purposes) of an S corporation as an asset sale (for federal tax purposes).
Published on May 07, 2013
QUALIFIED SUBCHAPTER S SUBSIDIARY (QSUB) Practice Guide
Checklist:
Published on May 07, 2013
S Corporation Buy-Sell Checklist
Checklist:
Tax Section members can take advantage of the S corporation buy-sell checklist to help ensure that shareholders don't unknowingly transfer stock or stock rights to ineligible shareholders or that a second class of stock is not created.
Published on October 05, 2012
QSub Practice Guide
Practice Aid:
In 1996, Congress for the first time allowed S Corporations to own 100% of another corporation and thus take advantage of certain rules related to affiliated corporations. This Practice Guide includes 115 pages including six chapters and three appendices replete with examples, a checklist, related Subchapter C concepts, and primary
Published on September 25, 2012
Form to Request Reinstatement as S Corporation due to Indavertent Termination
Sample Letter:
When an S corporation inadvertently terminates its election and fails to qualify for automatic election/termination relief, it has to request relief through the private letter ruling process. This collection of letters makes that filing process easier.
Published on September 25, 2012
Checklist to Determine if a Trust is a Valid S Corporation Shareholder
Practice Aid:
This AICPA practice aid contains a checklist, flowcharts, sample letters, an ESBT-S Portion calculation worksheet, and key primary materials related to the various trusts that can qualify as S corporation shareholders. The goal is to assist you in making certain that such trusts (QSST, ESBT, Inter Vivos, Subpart E) properly
Published on April 13, 2012
AICPA Postmortem Checklist for S Shareholders
Practice Aid:
Access a postmortem planning checklist for S corporation shareholders to help with preparation of tax returns.
Published on March 29, 2012
AICPA S Corporation Shareholder Basis Schedule 2011
Practice Aid:
A tool to assist the tax practitioner in determining a shareholder's federal tax basis in any given year. It is not intended to serve as an all-inclusive schedule covering every possible situation that an S corporation shareholder may encounter.
Published on March 29, 2012
AICPA Subchapter S Related Elections
Practice Aid:
This is a table of 24 elections of which practitioners with S corporation clients or shareholders at every stage of the S corporation should be aware. The table summarizes how and when to make each election, and cites primary authority to assist with further research.
Published on March 29, 2012
AICPA S Corporation Shareholder Basis Schedule
Template:
A tool to assist the tax practitioner in determining a shareholder's federal tax basis in any given year. It is not intended to serve as an all-inclusive schedule covering every possible situation that an S corporation shareholder may encounter.
Published on March 29, 2012
AICPA Section 338(h)(10) S Corporation Checklist
Practice Aid:
Buyers and sellers will generally be treated differently in a transaction to sell an S corporation. This checklist walks through the process of making an election to treat an actual stock sale of an S corporation as an asset sale (for federal tax purposes).
Published on March 29, 2012
AICPA S Corporation Buy-Sell Checklist - 2011 Update
Checklist:
The S Corporation Buy/Sell checklist includes some, but not all, of the items that may but are not required to be considered in reviewing an S corporation buy/sell agreement in order to help with tax preparation.
Published on March 28, 2012
Checklist for Determining Whether Trusts Qualify As S Corporation Shareholders
Checklist:
There are several types of trusts that are statutorily permitted to own stock in an S corporation. This practice aid includes checklists, flowcharts, sample forms and primary material to help the practitioner competently and confidently advise their S corporation clients that utilize trusts as part of the shareholder structure.
Published on October 05, 2011
S Corporation Share/Debtholders Federal Tax Basis Schedule
Comment Letter:
This MS Excel formatted schedule is intended to help calculate an S corporation shareholder's basis in his/her or its stock to determine the taxability of distributions and the amount of loss passthroughs to be recognized in the current and carryover years.
Published on August 10, 2011