Top 10 Easy Ways That Trusts Cause Loss of S Corporation Status
This item presents 10 ways that S corporations can lose their S election status, most of them involving trusts.
ESBTs
Making a Trust an Eligible S Corp. Shareholder: QSST and ESBT Elections
This item describes eligible shareholder trusts and the elections they must make.
Current Developments in S Corporations
During the period of this S corporation tax update, some major changes that directly affect S corporations took place. This article also presents tax planning ideas for S corporations and their shareholders.
QSSTs and ESBTs: No Longer Mutually Exclusive
Under Letter Ruling 201122003, if a current ESBT allows for separate and independent trust shares under the trust document, a trust may be treated as both an ESBT and a QSST. This ruling opens the door for additional planning for gifts of S corporation stock to younger generations.
Current Developments in S Corporations (Part I)
Part I of this two-part article discusses S corporation eligibility, elections, and termination issues, including several changes related to the Small Business and Work Opportunity Tax Act of 2007.
