A quarterly magazine from the National Association of Enrolled Agents
Spring 2025 vol.43 no.1
Do Disproportionate Distributions Terminate an S Corporation Election?
Tax Court

Do Disproportionate Distributions Terminate an S Corporation Election?

S corporations cannot have more than one class of stock.i Based on this prohibition, many tax professionals believe that an S corporation that makes disproportionate distributions to shareholders terminates its S corporation e... Thomas A. Gorczynski, EA, USTCP

Spring 2025, Tax Court, s corporation, c corporation, Tax Court, Form 1040, stock, §1362(d)(2), Maggard and Chang, disproportionate distributions, shareholders, private letter ruling, liquidation