Should an S corporation form a single-member LLC or make a QSSS election?

Article Abstract:

Single member limited liability companies (LLCs) and qualified Subchapter S subsidiary corporations (QSSSs) may be owned by S corporations beginning in Jan 1997. The decision of whether to use the QSSS or LLC form requires consideration of various factors. Liability, state law, ownership, and planned transaction issues are among those factors.

Tax Management, United States, Planning, Tax accounting, Business enterprises, Limited liability companies, Tax elections

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Reconciling the education tax credits and state scholarship grants: a look at Louisiana's TOPS program

Article Abstract:

The interaction between federal education tax credits under IRC section 25A and Louisiana's college grant program is the focus of this article. Lousiana has instituted certain procedures to facilitate the use of both the federal and state benefits.

Analysis, College costs, Higher education costs, Tuition tax credits, Scholarships, Scholarships (Financial aid), Tax credits

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Louisiana's taxation of S corporations offers advantages not available in other jurisdictions

Article Abstract:

The author discusses Louisiana's approach to S corporation taxation and how it can serve as a model for other jurisdictions.

Domicile in taxation, Domicile (Taxation)

Similar abstracts:

• Abstracts: Debt discharge income and S corporations: an analysis after the Tax Court decision in Winn. Tax basis and shareholder guarantees of S corporation debt: the economic outlay doctrine revisited

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