Feature Article 
The Debate Between S Elections and C Elections: The Overlooked Case of Profit Projections
Few decisions in entity structuring spark more debate among tax practitioners than whether a closely held business should elect S corporation or C corporation treatment. Online forums, continuing educati... Elan Becker, EA
Spring 2026,
Feature Article,
§1361, P.C. v. United States, SSTB, §1379, TCJA, §1362, Tax Cuts and Jobs Act, S election, Fact Sheet FS-2008-25, s corporation, C election, net investment income tax, c corporation, entity choice, NIIT, §199A, qualified business income deduction, accumulated earnings tax, AMT, QBID, AET, Alternative minimum tax, §1202, §531, Form 2553, qualified small business stock, §1372, Form 8832, QSBS, David E. Watson, specified service trade or business
ICYMI
A Roundup of Recent Discussions from the NAEA WebBoard.i
QUESTION #1: I have a new client, an S corporation with two shareholders (married couple) who moved to Texas last year, that have hired me to prepare their 2022 tax return. The corporation purchases aircraft... Patrick D. Dimmitt, EA
Winter 2023,
ICYMI,
Rev. Rul. 77-412, §732(b), §731, s corporation, §732(c), §168(i)(7), §351, partnership, Rev. Rul. 67-65, §358(a), Reg. §301.7701-3(c)(1)(v)(C), NIMS, §708(b)(1), §5.03, Form 2553, §263A, National Incident Management System, §752(b), Reg. §301.6109-1(h)(1), LLC, inventory, §731(a)(1), EIN, Form 1065, Form 3115, Reg. §1.357-2(a), Internal Revenue Manual 21.13.4.3.1, Reg. §1.417-1(b)(6)(iii)(E), §357(c), Rev. Rul. 99-5, Reg. §1.471-1(b)(3), Reg. §301.7701-3(g)(1)(i), Reg. §301.6109-1(h)(2)(ii), Rev. Proc. 2013-30, §471(c), Reg. §1.351-3(b), §735(a), §4.03(1), Form 1125-A, Reg. §1.351-3(a)