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Stock Seller Sues Buyers for Failure to Close S Corp Books to Obtain Q1 Taxable Loss

July 27, 2020 Introduction One tax issue when selling the stock of your S corporation business midyear is dividing up the year’s income and expenses. That is because an S corporation passes its income, and expenses through to the owners

Posted in further assurance provision, S corporation, Section 1377 election Tagged with: ,

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