Feature Article 
Will Your Client’s LLC Operating Agreement Make an Election Under Subchapter S Invalid?
Organization of a business enterprise as a limited liability company (LLC) has a number of advantages. In addition to ease of formation, state LLC acts dispense with many of the formalities required for corporations and wide latitude is given to... Patrick D. Dimmitt
Fall 2024,
Feature Article,
Private Letter Ruling 202310001, LLC, §338(h)(10), Uniform Limited Liability Company Act, Form 1120-S, Subchapter S, ULLCA, safe harbor, Private Letter Ruling 201949009, §105(b), debt, Private Letter Ruling 201930023, Rev. Proc. 2022-19, limited liability company, Private Letter Ruling 202315005, §3.06, Private Letter Ruling 202110010, Corporate Governing Provision Statement, Form 8832, §704, §3.06(d), §1362(f), §83(b), s corporation, Treas. Reg. §1.704-1(b)(2), stock, Treas. Reg. §1.704-1(b)(2)(ii)(b)(2), employee, §1361(1)(D), Private Letter Ruling 202111011, election, Treasury Regulation §1.1361-1(l)(1)
Tax News Briefs
Tax Season News You Can Use
Schedules K-2 and K-3 The Internal Revenue Service (IRS) has posted changes to the 2021 partnership instructions for Schedules K-2 and K-3 (Form 1065) on its website, www.ir... TheTaxBook
Mar/Apr 2022,
Tax News Briefs,
Regulation §1.469-1T(d)(1), Schedule K-2, IRC §1401, S Corporations, Schedule K-3, IRC §1402(a)(1), self-employment, Form 1116, Regulation §1.1402(a)-4(c)(2), property, base erosion and anti-abuse tax, IRC §911(a), partnership, Form 1120-S, IRC §162(a)(2), mileage, §250, Form 2555, Form 1040, §864(c)(8), §721(c), Form 1065, §7874, foreign earned income exclusion, IRC §469