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Steve Looney Publishes Article in the Journal of Passthrough Entities

Published: January 29th, 2014

Stephen R. Looney

Dean Mead attorney Stephen Looney authored a “Tax Tip” article in the January-February 2014 Edition of the Journal of Passthrough Entities,  entitled “The Case of the Disappearing Basis: Stock Acquisitions by S Corporations Followed by QSub Election.”  The article highlights how purchase price basis disappears when an S corporation acquires the stock of a target corporation and then makes a QSub election, and how this problem can be avoided by use of a Section 338(h)(10) election or a Section 336(e) election.  The full article is provided here Looney_JPTE_17-01.

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