An Analysis of Changes in Subchapter S Provisions

Article Abstract:

The discussion analyzes the pros and cons of Subchapter S, as a device in corporate tax planning. The Subchapter S regulations are complicated, but the new Subchapter S Revision Act has made S status more feasible for stockholders. Through the use of tables and examples, the article examines topics such as early operating loss, avoidance of double taxation, immunity from accumulated earnings tax, irrelevance of unreasonable compensation standards, shareholder restrictions, non-voting stock, foreign source income, passive income and corporate distributions. Of the problems presented, the worst appears the chance that uninformed or careless taxpayer errors can result in termination of S status and result in great penalties for those involved.

Study and teaching, Revenue

---

Labor's Last Angry Man

Article Abstract:

William Winpisinger is head of the International Association of Machinists. In an interview he defines his political philosophy. He believes the United States trade unions should be involved in politics. He does not believe America really has a free market system. He is in favor of an industrial policy.

Officials and employees, Labor unions

---

LABOR CLARIFIES ERISA SEVERANCE PROVISIONS

Article Abstract:

FOR REPORTING, RECORDKEEPING AND ENFORCEMENT PURPOSES SEVERANCE PAY HAS FALLEN UNDER THE PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT. A NEW LABOR DEPARTMENT RULING HAS CHANGED THIS PUTTING SEVERANCE BENEFITS IN A SEPARATE CATEGORY.

Similar abstracts:

• Abstracts: New Age Bookstore Changes with the Times. The Best Defense
• Abstracts: The value of self-reported costs in repeated investment decisions. part 2 Cost manipulation incentives under cost reimbursement: pension costs for defense contracts
• Abstracts: Personal development in action. Learning from leaders. What can be learned using action learning?
• Abstracts: An Olympian project. Want better project estimates? Let's get to work!
• Abstracts: The Application of Industrial Robots in the Soviet Engineering Industry. Concurrent engineering and its consequences

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.