S Corporation Taxation (2013)

Author: Robert W. Jamison
Publisher: CCH U.S.
ISBN: 9780808032090
Published In: November 2012
Format: Paperback , 1576 pages
Jurisdiction: U.S. ? Disclaimer:
Countri(es) stated herein are used as reference only

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The S corporation is the most popular entity for closely held businesses, but the rules that regulate S corporations and make them a popular choice are complex, confusing and changing. CCH's popular S Corporation Taxation offers an in-depth and comprehensive analysis of S corporation taxation and uses extensive examples to illustrate both simple and complex situations. In areas where authorities do not provide clear guidance, the author constructs plausible courses of action, with appropriate analysis.

Published annually, S Corporation Taxation focuses on the rules of Subchapter S of the Internal Revenue Code and integrates these rules with other portions of the tax law that can have substantial impact on S corporations and their shareholders. At the end of each chapter are pertinent checklists, worksheets and sample election letters to help apply the concepts discussed to the reader's actual work.

Chapter 1. Background and Environment
Chapter 2. Eligibility for the S Election
Chapter 3. C Corporations Considering the S Election: Advantages, Disadvantages, and Solutions
Chapter 4. Tax Years of S Corporations
Chapter 5. Corporate and Shareholder Elections
Chapter 6. Income Measurement and Reporting
Chapter 7. Distributions of Income
Chapter 8. Corporate - Shareholder Transactions
Chapter 9. Shareholder Stock Basis and Debt Basis
Chapter 10. Integration of Loss Limits .
Chapter 11. Tax on Built-in Gains
Chapter 12. Passive Investment Income
Chapter 13. Termination of the S Election
Chapter 14. Capital Structure of the S Corporation
Chapter 15. Contraction of the S Corporation
Chapter 16. Purchase and Sale of S Corporations
Chapter 17. Tax-Free Reorganizations
Chapter 18. Estate Planning Considerations
Chapter 19. Trusts as S Corporation Shareholders

Robert W. Jamison, CPA, Ph.D., is Professor of Accounting at Indiana University’s Kelley School of Business at Indianapolis. In addition to the S Corporation Taxation Guide, published annually by CCH, he has been the author of several courses published by the AICPA.

His professional experience has included employment with Ohio University, University of Illinois, San Diego State University, Portland State University, Ernst & Young, and other national and local CPA firms. His articles have appeared in The Tax Adviser, Journal of S Corporation Taxation, The Journal of Accountancy, and various other publications.

Jamison has taught many professional education programs for national and local accounting firms and has developed material used in their continuing education programs. He has been a lecturer in AICPA programs and has developed and presented training material for several large accounting firms.