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How to Account for Treasury Stock Purchase and Sale in an S Corporation The biggest revelation was understanding how the treasury stock transactions affected the AAA (Accumulated Adjustments Account) and OAA (Other Adjustments Account), which are critical for S-Corps but don't apply to C-Corps It also clarified how the basis would transfer to the purchasing shareholder
S corporations: a few buy-sell issues to consider This article is intended to alert readers to some potential traps and opportunities regarding S corporation tax treatment in a dealership stock buy sell situation
Accumulated Adjustments Account vs Retained Earnings in S Corporations Two key components in this process are the Accumulated Adjustments Account (AAA) and retained earnings, both of which impact shareholder equity and tax treatment Understanding these distinctions is essential for business owners to manage finances effectively and avoid unexpected tax liabilities
S Corporation Exit Strategies - The CPA Journal Two possible alternatives are the purchase of stock by one shareholder from another shareholder, and the redemption of stock by the corporation Determining both the shareholder’s debt basis and stock basis in the S corporation is of paramount importance
26 CFR § 1. 1368-2 - Accumulated adjustments account (AAA). (a) Accumulated adjustments account — (1) In general The accumulated adjustments account is an account of the S corporation and is not apportioned among shareholders The AAA is relevant for all taxable years beginning on or after January 1, 1983, for which the corporation is an S corporation
Understanding the Form 1120S, S-Corporation Ordering Rule: A . . . - SARK Tax This rule involves three key components: the Accumulated Adjustments Account (AAA), Accumulated Earnings and Profits (AE P), and Other Adjustments Account (OAA) Each of these accounts has specific implications for the taxability of distributions
S Corp Chapter 8 - Franchise Tax Board If distributions exceed AAA and the S corporation has accumulated E P, the amount that exceeds adjusted stock basis is treated as taxable dividend distributions to the shareholders up to the extent of any accumulated E P remaining at year-end
S Corporations and AAA - Ed Zollars What we'll review includes the overall importance of AAA, its relationship (or lack thereof) to shareholder basis in the shareholders' shares, and how we go about computing it (including the notice described above)