Reports on a proposed regulation that provides guidance on qualified subchapter S trust elections for testamentary trusts under Section 1361 of the United States Internal Revenue Code. Incorporation of changes made to Section 1361 by the Small Business Job Protection Act of 1996; Overview of the ...
Reports on the ruling by the United States Internal Revenue Service that a deemed sale of stock held by a qualified subchapter S trust (QSST) is taxable to the trust and not to the beneficiary. Acquisition of stoc...
Arthur, Charles CEwing, EugeneAllegretti, Carl S
QSST regs create trap for the unwary. (qualified subchapter S trust)Hills, Marvin D
Disposition of stock by a QSST. (qualified subchapter S trust)Panoutsos, Louis A
The article discusses the allocation procedures for gain and loss to qualified subchapter S trust (QSST) shareholders from different S corporation transactions. It notes from the rulings under the Code Section 1361 (d)(1)(B) which states the ownership of beneficiaries of QSST for income tax ...
Sale of S stock by QSST. (qualified subchapter S trust) (Brief Article)Conley, James B
Internal Revenue Service (IRS) concerning the incorrect reporting of income tax return and payment of the taxes by a qualified subchapter S trust (QSST). IRS found that improper filing and payment of taxes by the QSST rather than the income beneficiary were not circumstances described in the U...
QSST and S Corporation Elections Not Terminated when Trust Entered into Various Agreements with...Focuses on issues concerning various agreements with respect to S corporation stock in the United States. Execution of a promissory note secured by a stock; Provisions of the Stock Purchase Agreement; ...
QSST Elections for Testamentary Trusts--Proposed Regulations Issued.Reports the issuance of proposed regulations by the United States Internal Revenue Service and Treasury relating to qualified Subchapter S trust election for testamentary trusts. Conflict of the directives with the Small Business Jobs ...