Mergers and acquisitions are often a significant component of the growth strategies for many companies. CPAs who support these activities can help acquiring companies decide whether to buy the assets of the target corporation or acquire its stock.
November 2009 - The Tax Adviser
S CORPORATIONS
Current Developments in S Corporations (Part II)
This article discusses S corporation eligibility, elections, and termination issues. It covers significant topics related to a second class of stock, trusts owning S corporation stock, and an interesting ruling on the reelection of S status.
employee benefits & pensions
Current Developments in Employee Benefits and Pensions (Part I)
This two-part article provides an overview of current developments in employee benefits, focusing on new guidance regarding executive compensation and health and welfare benefits.
GAINS & LOSSES
Aggregating Activities to Avoid the Hobby Loss Rules
Sec. 183 limits deductions for activities that are “not engaged in for profit,” commonly called hobbies. To sidestep this requirement, taxpayers often attempt to combine activities that would separately be considered hobbies with other activities to avoid the Sec. 183 limits.