2013 Federal Tax Essentials: S Corporations is a desk reference providing an annual overview of federal tax issues affecting S corporations, as well as summaries of fundamental federal income tax issues. Organized by topic, the summaries allow you to quickly find answers to core tax questions. Supporting the answers, you will find citations to the relevant sections of the Internal Revenue Code, Treasury regulations, published IRS guidance, and case law. Also included are more than 35 charts, lists, diagrams, sample election statements, and checklists providing handy information on tax rates, filing requirements, common transactions, and more. Although designed to supply far more information than that needed for the preparation of tax returns, the book may be used as an aid in preparing Form 1120S and accompanying forms and schedules.

Topics covered by 2013 Federal Tax Essentials: S Corporations include:

• comparison of S corporations to other business entity forms;
• S corporation eligibility requirements;
• tax-free formation of S corporations;
• S corporation elections;
• taxation of S corporation shareholders;
• income, deductions, and credits;
• income tax accounting;
• filing requirements and deadlines;
• penalties;
• reportable transactions;
• reorganizations and other major transactions involving S corporations; and
• deferred compensation.

The 2013 Federal Tax Essentials: S Corporations eBook is now available. Click here to purchase.

This book is also available as a part of the Federal Tax Essentials Collection.