TaxConnections

 

Access Leading Tax Experts And Technology
In Our Global Digital Marketplace

Please enter your input in search


Tax Professionals – Question Of The Week For You!



Tax Advisor’s – What Are Your Thoughts On This Question Of The Week?

My client has an 1120-F entity and wishes to convert it to a C-Corp or S-Corp. Is there a way to do this without any tax implications? He is a US citizen and the corp has two buildings that generate rental income.

Every Friday, TaxConnections addresses a question submitted to our Ask Tax Questions platform. We ask our members to offer their thoughts on the question of the week. We realize you may need more information which you can request in the comments section below or on the TaxConnections website directly with our visitor.

Please comment below or log in to TaxConnections to answer the Question Of The Week. If you are not a member at TaxConnections sign up here

Avatar

TaxConnections is where to find leading tax experts and technology around the world. Discover tax professionals who offer you a wide range of tax expertise and be informed about the technology that supports them in operating efficiently and successfully.

Where you will discover Virtual Offices for the tax and legal community.

Kat Jennings, CEO
TaxConnections
858.999.0053
kat@taxconnections.com

   

One thought on “Tax Professionals – Question Of The Week For You!

  1. Avatar Yosef Klein says:

    I would look at the F reorganization rules under IRC Section 368(a)(1)(F) and Regs. Sec. 1.368-2(m)(1). The fact pattern seems to be eligible for for non-recognition under this rule.

Comments are closed.