Featured Jobs
|
BPAS
|
|
Participant Services & Operations Coordinator Pentegra
|
|
3(16) Retirement Plan & Customer Liaison Compass
|
|
Spectrum Pension Consultants (part of Daybright Financial)
|
|
Retirement Plan Administrator (Part-Time) Accelefund, Inc.
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Roth IRA Was Not Eligible Shareholder of S Corporation
Wolters Kluwer Law & Business / CCH 
[Guidance Overview] May 14, 2012 "An individual incorporated his business and elected subchapter S status. The corporation's sole shareholder in 2003 was a custodial Roth IRA for the benefit of the individual. The IRS issued a notice of deficiency, determining that the corporation was taxable as a C corporation for 2003.... [The] Tax Court sided with the IRS, finding that the Roth IRA did not qualify as an eligible shareholder of the S corporation." MORE >> |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |