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Trusts as Shareholders and 9 Other Ways to Lose Your S Election

Posted by Sarah E. DesJardins

Nov 17, 2016 1:10:00 PM

In 1980, there were roughly 545,000 S corporations filing tax returns in the United States. By 2011, that number was well over 4 million.[1] As S corporations become increasingly popular, it is important to recognize that an S election can be inadvertently terminated. Understanding the ways in which an S corporation can lose the election can help avoid the possibility of double taxation. Discussed below are ten ways in which an S corporation can have the S election revoked, many of which deal with trusts since the rules surrounding trusts as shareholders are complex.

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Topics: s corporations, s election, s corp, how trusts risk s elections, s corp risks, scorporation

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