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TOPICS / TAX

Business tax

S Corporation Update

         EXECUTIVE SUMMARY        S corporations have become the dominant business entity type, in part because requirements for electing the status have been relaxed and clarified. An S corporation may now have more shareholders because certain family members may be counted as a single shareholder. When an

The Choice-of-Entity Maze

         EXECUTIVE SUMMARY When advising clients on the choice of business entity, CPAs should consider the advantages and disadvantages of each type. If more than one entity is involved, CPAs should also determine whether clients can deal with the complexity of the resulting structure. The many issues

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From The Tax Adviser

October 31, 2026

AI risks to the Sec. 7525 practitioner privilege

September 30, 2026

Navigating the QSBS rules in pass-through structures

September 30, 2026

Sec. 338(h)(10) elections in business acquisitions

August 31, 2026

2026 tax software survey