Abstract
The basic scheme of Subchapter S has already been thoroughly explained and discussed, and there is an extensive literature dealing with particular Subchapter S problems. It is the purpose of this article to focus on recent litigation in three especially troublesome areas, where the actual requirements or effects of a Subchapter S election necessitate foresight and careful planning to enable the shareholders of an electing corporation to obtain the maximum tax advantage. These areas are corporate distributions, the net operating loss passthrough, and the single class of stock rule.
First Page
1
Recommended Citation
Martin A. Rogoff,
Subchapter S and Selected Problems in Close Corporation Planning,
26
Me. L. Rev.
1
(1974).
Available at:
https://digitalcommons.mainelaw.maine.edu/mlr/vol26/iss1/2