S corporation basis reductions for nondeductible expenses

An S Corporation's losses and deductions are allocated among its shareholders according to their proportionate ownership of the S corporation's stock. These losses and deductions reduce the shareholder's basis in his or her stock or, if there is none, in the shareholder's loans t...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	The Tax Adviser 2010-04, Vol.41 (4), p.258
1. Verfasser:	Traum, Sydney S
Format:	Magazinearticle
Sprache:	eng
Schlagworte:	Corporate taxes Expense deductions Internal Revenue Code Laws, regulations and rules Loans Losses Reg. 1.1367-1 S corporations Section 1366 Stockholders Tax regulations Taxation
Online-Zugang:	Volltext
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