Now in its Fifth Edition, 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:

* Take full advantage of the 1997 Taxpayer Relief Act

* 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

Plus, there are citations to the controlling rules, regulations, and court decisions that will save you hours of research. Это и многое другое вы найдете в книге S Corporation Answer Book (Judith Rood Traum)