S Corporation Answer Book / with 2007 Cumulative Supplement

This quick-reference manual lets you help clients take full advantage of their S Corporation status and minimize their taxes. It leads you directly to authoritative information on every aspect of the S corporation, enabling you to: Arm the S corporation against the potential tax traps hidden in the Small Business Tax Protection Act -- Maximize the tax benefits of S corporation status -- Identify dispositions that will trigger the built-in gains tax -- Avoid added tax liability or loss of S corporation status from passive investment income -- Capitalize on the permissible differences in stock rights to facilitate estate planning and ownership transfers -- Determine allocation of income, losses, and deductions in the termination year of the S corporation. In addition, there are citations to the controlling rules, regulations, and court decisions that will save you hours of research.Traum, Judith Rood is the author of 'S Corporation Answer Book / with 2007 Cumulative Supplement ', published 2000 under ISBN 9780735515949 and ISBN 0735515948.