Current Federal Tax Developments

Keeping CPAs Up to Date on Tax Matters

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2022-11-28 Difficulties Using LLC as Legal Entity for S Corporation

November 27, 2022 by Ed Zollars, CPA

This week we look at:

  • Damage award found to not be for physical injuries, entire amount taxable

  • Partnership language in LLC operating agreement revision terminated S corporation status (creating a C corporation)

  • Taxpayer failed to wait required 6 months for IRS to act on refund claim before filing suit

An audio only version of this week’s broadcast can be downloaded or streamed below.

Articles for this week’s update can be downloaded below:

  • 2022-11-28 Current Federal Tax Developments

November 27, 2022 /Ed Zollars, CPA
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