Robert W. Jamison
July 21, 2017
S Corporation Taxation Course - Chapters 10 and 11 - Passive Investment Income and S Corp Terminations
The following topics were reviewed:
Chapter 10
- Definitions of Passive Investment Income
- Excess Net Passive Income
- Computation of Tax
- Waiver of Passive Investment Income Tax
- Termination of the S Election Due To Excess Passive Income
- Planning Strategies for Passive Investment Income
Chapter 11
- Post-Termination Transition Period
- Inadvertent Terminations