S corporations: Tax practice and analysis

S corporations are one of the most popular business entity types, and this CCH resource is designed to help practitioners understand and manage individual S Corps election, compliance, tax, planning and life-cycle needs. The merits and limitations of S Corps are explained in relation to other entity choices. Clear and practical guidance is provided throughout by popular business entity author, expert and practitioner, Michael Schlesinger. Readers will appreciate the author's valuable insights and crystal-clear analysis of even the most complex subjects. Through straight-forward explanations, numerous examples, and helpful pointers, S Tax Practice and Analysis provides quick and answers for busy professionals. Even the most experienced tax and legal professional will find clarity and helpful insight when a particular Code provision or Regulation causes confusion. Topics covered overview and compliance, elements of S Corporation election and timing, income and expenses, deductions, income taxes, basis and losses, distributions, income and estate planning, revocation, termination, redemption, liquidations, reorganizations, comparison to other entities, and employee stock ownership plans.