Home > Iowa State University Digital Press > Journals > Agricultural Law Digest > Vol. 18 (2007) > No. 3
Article Title
Abstract
The potential for triggering painful income tax liabilities from the “built-in gains” tax1 upon shifting from C corporation status to S corporation status is well known.2 The built-in gains tax is imposed in an effort to thwart attempts by C corporations to elect S corporation status to minimize the effects of the modification of the corporate liquidation rules in the 1986 Act. However, a recent private letter ruling has focused attention on the imposition of the built-in gains tax in the event of a merger without regard to the date of the corporation’s election to be an S corporation.3
Recommended Citation
Harl, Neil E.
(2007)
"Hazards in Electing S Corporation Status After a Merger,"
Agricultural Law Digest: Vol. 18
:
No.
3
, Article 1.
Available at:
https://lib.dr.iastate.edu/aglawdigest/vol18/iss3/1
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