Sec. 338 checklist

This article explains why S corporation shareholders might make a Sec. 338(h)(10) election (deemed asset sale) and presents a checklist for small and mid-size firms, to assist in accurately making that election. An example illustrates the election's tax consequences.

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Bibliographische Detailangaben
Veröffentlicht in:	The Tax Adviser 2002-03, Vol.33 (3), p.174
Hauptverfasser:	Orbach, Kenneth N, Karlinsky, Stewart S, Smith, Greg W, Starr, Samuel P, Hyman, Marc A
Format:	Magazinearticle
Sprache:	eng
Schlagworte:	Asset acquisitions Built-in gains & losses Capital assets Capital gains Consent Corporate tax planning Income taxes Installment sales Internal Revenue Code Laws, regulations and rules Profits Purchasing Recognition of gain or loss (Taxation) S corporations Section 338(h) Small business Stockholders Tax elections Taxation
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Beschreibung
Zusammenfassung:	This article explains why S corporation shareholders might make a Sec. 338(h)(10) election (deemed asset sale) and presents a checklist for small and mid-size firms, to assist in accurately making that election. An example illustrates the election's tax consequences.
ISSN:	0039-9957