Financial institutions electing S status face unresolved issues.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on September 1, 1997. The length of the article is 2448 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: S corporation status elections can carry unforeseen tax consequences for banks or other financial institutions granted S-elective status by the 1996 Small Business Job Protection Act. Provisions enacted concerning passive investment income, banking institutions, thrift institutions' distributions, and bank directors' stockholdings may conflict with previously existing IRC sections and prohibitions.

Citation Details
Title: Financial institutions electing S status face unresolved issues.
Author: David A. Thornton
Publication:The Tax Adviser (Magazine/Journal)
Date: September 1, 1997
Publisher: American Institute of CPA's
Volume: 28 Issue: n9 Page: 560(3)

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