Sec. 444 elections for S corporations - should you revoke?: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on August 1, 1994. The length of the article is 833 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Some S corporation taxpayers are considering switching to a calendar year from an elective fiscal year because higher tax rates are increasing the deposits required to cover the deferral period under the election. The deferral period deposits are made at 1% above the highest individual rates, but change to the calendar year may be very costly. Revoking the fiscal year election will mean duplicate payments in the transition year, and the taxpayer will not be able to elect to return to fiscal year accounting.

Citation Details
Title: Sec. 444 elections for S corporations - should you revoke?
Author: Sherri L. Wendland
Publication:The Tax Adviser (Magazine/Journal)
Date: August 1, 1994
Publisher: American Institute of CPA's
Volume: 25 Issue: n8 Page: 466(2)

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