IRS Clarifies That a Former QSub Cannot Prorate Post-Termination Items of Income or Loss

IRS addressed whether an S corporation and its wholly owned subsidiary, a QSub, must prorate annual income following a midyear voluntary revocation of subchapter S election.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/nTdrfAdNcmg/Tax_Clinic_10.aspx

tax preparer tucson tax preparation tucson tucson quickbooks help city of tucson sales tax bookkeeper tucson