We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Avoiding an Adverse Tax Impact on Death of an S Corporation Shareholder.
- Authors
Fineburg, Herbert R.; McCauley III, Charles A.
- Abstract
One of the main reasons to consider a partnership for owning a business rather than an S Corporation is the adverse impact upon death if the business is held by an S Corporation. Because partnership status is generally preferable to the S Corporation structure for tax purposes, the estate or heirs can also use this event to convert from an S Corporation to a partnership without the usual tax consequences of such a conversion.
- Subjects
SUBCHAPTER S corporations; INHERITANCE &; transfer tax; STOCKHOLDERS; CORPORATE taxes; CAPITAL losses
- Publication
ABA Tax Times, 2021, Vol 40, Issue 2, p3
- ISSN
2381-5868
- Publication type
Article