The S Corporation Taxation Guide is the most popular entity for closely-held businesses, but the rules that regulate S corporations and make it a popular choice are complex, confusing and changing. CCH’s popular S Corporation Taxation Guide offers an in depth and comprehensive analysis to S corporation taxation and uses extensive examples to illustrate both simple and complex situations. In areas where authorities do not provide clear guidance, the author constructs plausible courses of action, with appropriate analysis.

Published annually, S Corporation Taxation Guide focuses on the rules of Subchapter S of the Internal Revenue Code and integrates these rules with other portions of the tax law that can have substantial impact on S corporations and their shareholders. At the end of each chapter are pertinent checklists, worksheets and sample election letters to help apply the concepts discussed to the reader’s actual work.

Topics and Contents
1. Background and Environment
2. Eligibility for the S Election
3. C Corporations Considering the S Election: Advantages, Disadvantages, and Solutions
4. Tax Years of S Corporations
5. Corporate and Shareholder Elections
6. Income Measurement and Reporting
7. Distributions of Income
8. Corporate - Shareholder Transactions
9. Shareholder Stock Basis and Debt Basis
10. Integration of Loss Limits .
11. Tax on Built-In Gains
12. Passive Investment Income
13. Termination of the S Election
14. Capital Structure of the S Corporation
15. Contraction of the S Corporation
16. Purchase and Sale of S Corporations
17. Tax-Free Reorganizations
18. Estate Planning Considerations