Subchapter S Taxation

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Practical expert advice on taxation of closely held corporations.

Subchapter S Taxation, Fourth Edition stands out as the practical guide for practitioners dealing with S corporations.

This detailed guide focuses specifically on the most effective solutions for problems encountered in the day-to-day practice related to Subchapter S corporations.

Coverage includes:

• Detailed examples and guidance for selecting entities
• Factors important in dissolving or converting an S corporation into other forms
• Tax impact of conversion of LLCs or partnerships to S corporations
• Practical guidance as to the risks and dangers in accomplishing and continuing qualification as a Subchapter S corporation 

• Christian & Grant: Subchapter S Taxation
  • Part I Decision Whether to Elect Under Subchapter S
    • Chapter 1: Subchapter S Corporation and Nonelecting Corporation
    • Chapter 2: Subchapter S Corporation Compared to Partnership
    • Chapter 3: Subchapter S Corporation Compared to Limited Liability Company
    • Chapter 4: Applicability or Desirability of Subchapter S Election in Special Situations
    • Chapter 5: Effect of Election on Particular Deductions and Credits
    • Chapter 6: Some Pitfalls of Subchapter S Election
  • Part II Qualification for Subchapter S Election
    • Chapter 7: Number of Shareholders
    • Chapter 8: Types of Shareholders
    • Chapter 9: One Class of Stock
    • Chapter 10: Other Requirements
    • Chapter 11: Sources of Income
  • Part III Making the Election
    • Chapter 12: Timing of Election
    • Chapter 13: Manner of Making Election
    • Chapter 14: Shareholder Consents
  • Part IV Income Tax Consequences of Subchapter S Elections
    • Chapter 15: Effect of Election on Corporation
    • Chapter 16: Taxation of Shareholders: Passthrough of Income, Deductions, Losses and Credit
    • Chapter 17: Taxation of Shareholders—Capital Gains and Losses
    • Chapter 18: Losses and Deductions
    • Chapter 19: Basis of Stock and Indebtedness Owing to Shareholders
    • Chapter 20: Shifting of Income Among Family Members
    • Chapter 21: Corporate Returns and Tax Years
  • Part V Distributions
    • Chapter 22: Distributions: Corporations Without Accumulated Earnings and Profits
    • Chapter 23: Distributions: Corporations with Accumulated Earnings and Profits
    • Chapter 24: Money Distributions and Undistributed Taxable Income
    • Chapter 25: Prior Law—Distributions of Previously Taxed Income
    • Chapter 26: Nonmonetary Distributions
    • Chapter 27: Summary: Source and Effect of Distributions
  • Part VI Changes in Corporation or Its Shareholders
    • Chapter 28: Taxable Sales and Liquidations
    • Chapter 29: Reorganizations
    • Chapter 30: Death of Shareholder
  • Part VII Termination of Election
    • Chapter 31: Involuntary Termination
    • Chapter 32: Voluntary Termination
  • Part VIII Practical Considerations in Operations of Subchapter S Corporations
    • Chapter 33: Shareholders' Agreements
    • Chapter 34: Other Considerations
    • Chapter 35: Internal Revenue Service Publication 589