|
by: Paul J. Streer, Caroline D. Strobel
Amazon.com's Price: $5.95 Prices subject to change.
Binding: Digital
Brand: The Gale Group
Format: HTML
Label: American Institute of CPA's
Manufacturer: American Institute of CPA's
Number Of Pages: 13
Publication Date: February 01, 1994
Publisher: American Institute of CPA's
Release Date: July 28, 2005
Sales Rank: 4102851
Studio: American Institute of CPA's
Editorial Review:
Product Description:
This digital document is an article from The Tax Adviser, published by American Institute of CPA's on February 1, 1994. The length of the article is 3729 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: Loans made by an S corporation shareholder to the S corporation to increase stock or debt basis and allow the shareholder to apply the proportionate share of business losses to taxable income are limited by the extent of positive year-end basis. Shareholders can plan capital contributions or loans to take advantage of the losses, but they must actually contribute the cash or property. Losses can be taken only to the extent that the shareholder is at risk under Internal Revenue Code Section 465. Corporate liabilities guaranteed by the shareholder will suffice.
Citation Details
Title: Using capital contributions and debt to increase the loss basis of S shareholders.
Author: Paul J. Streer
Publication: The Tax Adviser (Magazine/Journal)
Date: February 1, 1994
Publisher: American Institute of CPA's
Volume: 25 Issue: n2 Page: 67(5)
Distributed by Thomson Gale
|
