Alpine Corporation is a qualified small business corporation eligible to elect S corporation status. Albert is a shareholder in Alpine. On February 1 of the current year, Albert dies before signing the proper S corporation election form. The stock passes to Albert’s estate. Ellen is appointed executor of Albert’s estate on May 1 of the current year. On March 10 of the current year, Alpine filed Form 2553, the election form to be an S corporation, properly signed by all March 10 shareholders, and Ellen (the executrix) on behalf of Albert. Is this a valid S corporation election? Prepare (in good form) a research memorandum to the file.
Answer to relevant QuestionsJoe Bacillus owns Bacillus’s Italian Restaurant. A friend of Joe’s who owns a sports bar comes to Joe and wants to form a partnership with Joe to buy an old building, renovate it, and then move both the restaurant and ...Fred Forgetful parks his personal car on a hill in sunny California and fails to properly set the brake or curb the wheels. As a result of Fred’s negligence, the car rolls down the hill, damages Lucky’s front porch, ...Give the number that is associated with each of the following categories of regulations: a. Estate tax regulations b. Income tax regulations c. Gift tax regulations d. Procedural regulations e. Employment tax ...Explain each of the elements of this citation: Rev. Rul. 2013-5, 2013-9 I. R. B. 525. What is the precedential value of an IRS written determination under I. R. C. § 6110?
Post your question