prorata share of deductions and losses Archives

RECENT TAX COURT CASES SERVE AS REMINDER OF TAX RISKS OF SHAREHOLDER GUARANTEES OF LOANS TO S CORPORATIONS

by taxblog | Apr 10, 2017

By: Ralph Levy Two recent Tax Court cases are reminders that shareholder guarantees of loans to an S corporation do not generally create basis that can be used by the shareholder to deduct losses. Under Internal Revenue...

Newsletter Subscription

Disclaimer

Tax Blog is published by Dickinson Wright PLLC to inform the public of important developments within the firm and practice areas. The content is informational only and does not constitute legal or professional advice. We encourage you to consult a Dickinson Wright attorney if you have specific questions or concerns relating to any of the topics covered in this blog.

RECENT TAX COURT CASES SERVE AS REMINDER OF TAX RISKS OF SHAREHOLDER GUARANTEES OF LOANS TO S CORPORATIONS

Newsletter Subscription

Disclaimer

Categories