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#1
08-21-2005, 12:29 AM
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 Re: S-Corp Treasury Stock "Lucky1" <matildarocky[at]yahoo.com> wrote: - quote - > If an S-corp holds treasury stock and a distribution is made
Please do yourself a favor and not prepare the s-corp's tax> to shareholders, does the S-corp receive a distribution too? > Also, would the s-corp get its own K-1 form for it's > proportional share if income or loss? return. -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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08-18-2005, 04:50 AM
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| Re: S-Corp Treasury Stock "Lucky1" <matildarocky[at]yahoo.com> wrote - quote - > If an S-corp holds treasury stock and a distribution is made
No. Treasury stock doesn't even receive dividends from a C> to shareholders, does the S-corp receive a distribution too? corporation. - quote - > Also, would the s-corp get its own K-1 form for it's
No. The "S" Corporation can not own itself.> proportional share if income or loss? -- Paul A. Thomas, CPA Athens, Georgia taxman at negia.net << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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#-1
08-17-2005, 03:31 PM
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| S-Corp Treasury Stock If an S-corp holds treasury stock and a distribution is made to shareholders, does the S-corp receive a distribution too? Also, would the s-corp get its own K-1 form for it's proportional share if income or loss? << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
| Tags |
| scorp, stock, treasury |
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