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Shortened Built-in Gain period: What’s a year?
One of the “stimulus” bills shortened the “recognition period” for S corporation built-in gain tax to seven years for 2009 and 2010 built-in gains. The latest small business tax bill shortened the...
View ArticleS corporation built-in gain break in stimulus conference bill
The strange relief provision for some S corporation built-in gains made it into the conference version of the stimulus monstrosity. The S corporation built-in gains tax (IRC Sec. 1374) applies a 35%...
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Browsing index pages (2 articles)