S Corps: Formation and Return Preparation
The tax consequences of S corporation operations to both the corporation and shareholders are discussed, along with how these items are properly reflected on the S corporation tax return. This is part one of a two-part series on S Corporations.
S Corps: Basis, Disposition, and Planning
Computing S corporation stock basis based on the activities of the S corporation, and the tax consequences of dispositions of S corporation stock are discussed. Various tax planning strategies for S corporations and their owners are also outlined.