Show Original

Steve Looney Publishes Article in the Journal of Passthrough Entities

Published: January 29th, 2014

By: Stephen R. Looney

This post is a transcription or has supporting documentation.
Download the PDF(s) below:

  • Share:

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.