368964
9780756704032
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Studies certain rules that affect decisions by banks to elect S-corp. status for Fed. tax purposes. Banks were permitted to elect S-corp. status for the first time beginning in 1997. Banking industry representatives have cited a number of obstacles that banks face when converting to S-corp. status. Possible revisions to the tax rules were proposed to address these obstacles & would generally expand the banking &, in some cases, other industries' eligibility to elect S-corp. status. The objectives of this report were to: (1) analyze possible revisions to the rules governing S-corp.; & (2) determine the potential impact such revisions might have, primarily on community banks. Charts & tables.McCool, Thomas J. is the author of 'Banking Taxation Implications of Proposed Revisions Governing S-Corporations on Community Banks' with ISBN 9780756704032 and ISBN 0756704030.
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