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S Corporations

AAA

and C corp. AE&P. 93:26.

valuations in redemptions. 96:416.

Accelerating S elections. 91:228.

Accounting period change to elect S status. 97:68.

Acquisition by C corporation. 90:407.

Acquisitions of businesses. 91:357, 456.

Allocation of Sec. 179 deduction. 95:725.

Advantages and disadvantages of election. 95:42.

Affiliated group members. 97:17.

Amortization. 98:426.

AMT calculations. 92:666; 95:761.

Anticipated bankruptcy. 90:148.

Applicable subchapter C provisions. 93:90.

Assessment period for shareholder. 90:592; 92:414.

Back-to-back loans. 95:86.

Basis for loss deductions. 95:268.

Basis regulations. 94:220.

Boot in acquisitive reorganization. 96:770.

Built-in gains tax. 95:220.

avoiding. 93:744.

final regulations. 95:117.

inventory. 90:551; 98:569.

like-kind exchanges to minimize. 90:143.

passthrough of. 90:771.

pitfalls. 90:487.

planning around. 90:696, 766; 91:19.

proposed regulations. 93:593.

S elections. 90:683.

subsidiary stock. 93:88.

Built-in losses and deductions. 90:23.

Buy-sell agreements. 90:236.

Cancellation of debt. 94:474; 97:558; 98:312.

C corporation

acquisition of control of. 93:176.

NOL carryforward. 91:340.

Charitable contribution

of S property. 94:28.

planning. 97:697.

COD income. 99:564.

Community property shareholders. 93:499.

Continuity of shareholder interest. 98:786.

Corporate estimated tax. 93:328.

Deemed distributions. 94:188.

Discontinuation of active business. 93:632.

Distributions

after SBJPA. 96:735.

in absence of AE&P. 97:804.

regulations. 94:220.

to shareholder/employees. 90:486; 95:478.

Effect of excess actual costs on carried-over E&P

account. 97:465.

Effects of public offerings. 95:655.

Elections.

accounting method. 97:196.

advantages. 90:590.

advantages and disadvantages. 95:42.

business concerns. 91:240.

by shareholder's executor. 92:842.

coordination of by shareholders on closing books. 96:216.

evaluation of. 95:603.

inadvertent invalid election. 97:215.

invalid or late. 97:190.

filing due date. 91:758.

late, relief. 99:488, 709, 834.

maintaining after shareholder's death. 92:386.

making to eliminate dividend risk on audit. 95:511.

planning. 98:828.

reapplying by successor corporation. 91:834.

saving. 92:107.

to close S years. 94:486.

waiver. 98:832.

Excess compensation. 91:782.

E&P computation for final C year. 96:252.

ESBTs. 97:18, 254, 492, 608, 672; 98:268.

ESOPs. 98:229; 99:11, 46.

Exempt COD income. 93:788; 95:259, 270.

Ex-spouse's stock. 91:540.

Financial institution's S election. 97:560.

Fiscal year

changing after termination. 95:751.

elections. 93:434.

Foreign operations. 93:248.

Fringe benefits. 91:519.

GRATs as grantor trusts. 95:21.

Inadvertent invalid election. 97:190, 215, 811.

Inadvertent termination

automatic relief. 94:249.

Investment interest expense deduction. 92:126; 97:249.

Interest expense recovered after election. 93:686.

Interest income. 93:579.

Invalid or late election. 98:309.

IRD of deceased S shareholders. 97:493.

Keogh deductions based on S income. 96:215.

Key person insurance. 90:294; 91:507.

Leasing of entertainment facilities. 99:236.

Letter ruling user fees. 98:584.

LIFO recapture on conversion to S corporation. 95:27; 97:556.

Liquidation. 98:263.

Losses

deduction against basis. 97:291.

using to generate future capital gains. 94:432.

Maximum number of shareholders. 94:606, 756.

Meal, travel and entertainment expenses. 90:144; 94:742.

Minimum tax credits, required deposits. 91:306.

Modernization. 93:531.

Multistate corporation. 91:521.

New developments. 92:703; 93:623.

Nonbusiness bad debt. 93:471.

Nondeductible noncapital expenses. 95:656.

Nonshareholder-officer as TMP. 90:61.

Notes payable and receivable from shareholder. 94:749.

Notice of Inconsistent Treatment. 94:751.

One class of stock requirement. 90:799; 91:34, 582, 691; 92:3.

Owner/employees

salary adjustments. 94:81.

PALs from C year. 98:269.

Passive income tax. 90:238.

Passive investment income. 99:836.

Passive losses. 94:314.

Passthrough income as self-employment earnings. 96:6, 61.

Payroll taxes. 99:863.

Planning for FTCs. 92:452.

Planning for cash-basis PSCs. 95:542.

Post-SBJPA tax planning. 97:20, 423.

Pre-1983 percentage depletion. 91:309.

Professional corporations. 95:465.

QSSS/QSub guidance. 97:68, 216, 608; 98:229, 313, 352, 684; 99:94, 200, 490, 561.

QSSTs. 90:488; 91:171; 92:35, 625, 841; 93:401, 701.

conversions. 98:268.

liquidation gain. 99:234.

QTIP election. 99:235.

reformation. 94:675.

sale of S stock. 94:28; 97:555.

traps. 96:542.

Qualifying dispositions. 95:534.

Realty rental. 92:391; 94:549.

Reasonable compensation of shareholders. 98:313, 830.

Recent developments. 91:234; 94:629; 95:590; 96:614, 736; 97:634; 98:694, 782; 99:722, 798.

Recharacterization of distributions as wages. 94:616.

Redemptions. 91:90.

characterized as a dividend. 95:253.

structuring. 97:525.

versus purchase of S stock. 95:270.

Reorganizations after the TRA'97. 98:176.

Required deposits of fiscal-year S corporations. 95:274.

Returns

amending. 92:714.

Sale of S stock for oil, gas or mining corporations. 96:729.

Sec. 170(a)(2) election. 99:562.

Sec. 338. 94:218, 554; 95:97; 99:565.

Sec. 355 spin-offs

alternatives. 93:559.

Sec. 481 adjustments from accounting change on

conversion. 95:706.

Sec. 7519 deposits. 90:430.

Sec. 1374

proposed repeal. 97:212.

regulations. 96:157.

repeal relief. 96:197.

Secs. 1367 and 1368

final regulations. 96:288; 361.

proposed regulations. 93:339.

Sec. 1503(d)'s application to separate units. 97:422.

Service organizations

final regs. 96:481.

Shareholder basis. 90:662; 92:555, 597; 94:67.

Shareholder-employee loans. 91:337.

S shareholders

community property. 93:499.

dual resident. 92:712.

estates and trusts. 90:87.

grantor trusts. 92:36.

guarantee of corporate debt. 99:873.

limit on number. 94:606.

sale of stock. 98:650.

self-insured medical benefits. 93:495.

split-interest trusts. 93:30.

Small S corporation exception. 91:196.

Spin-off to save sales and use taxes. 95:161.

Stock

acquisitions. 90:221.

and charitable contributions. 99:322.

basis. 93:533.

incentives for employees. 91:569.

in trust. 91:173.

received from an estate. 98:870.

redemptions

        deceased shareholders. 93:89.

Structuring payments to shareholder-employees to avoid second class of stock. 99:601.

Subchapter S status. 93:62.

Suspended S losses. 92:277.

deduction on disposition of S stock. 95:244.

limits on shareholder use. 96:217.

Terminations. 90:384; 93:132; 94:513.

Timeliness of S election. 98:544.

TMP

limited partner as. 94:322.

personal responsibility. 91:761.

Trust installment obligations. 92:644.

Trusts as shareholders. 92:588.

Unified procedures. 93:537; 96:611.

Use as an export vehicle. 91:305.

Use of tips credit. 97:494.

Versus LLCs. 96:547.

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