SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Income Taxes and Record Keeping ( tax )
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Pierre who wrote (461)1/15/1998 3:32:00 PM
From: Colin Cody  Read Replies (2) of 5810
 
Pierre, You should make yourself AWARE that S-Corps can have a TRAP if they have INVESTMENT INCOME. There may have been some new modifications with the 1997 Tax Act that I'm not up to speed on yet, but for S-Corps that had earnings in prior years as a C-Corp you stand to lose your S-Corp status for having a prohibited activity - PASSIVE OPERATIONS.
.
Have your CPA check it out to make sure you are OK.
.
Colin
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News