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Home > Federal Tax Update Podcast > 2022-11-28 Difficulties Using LLC as Legal Entity for S Corporation
Podcast: Federal Tax Update Podcast
Episode:

2022-11-28 Difficulties Using LLC as Legal Entity for S Corporation
Category: Business
Duration: 00:30:32
Publish Date: 2022-11-27 19:56:00
Description:

This week we look at:

  • Damage award found to not be for physical injuries, entire amount taxable
  • Partnership language in LLC operating agreement revision terminated S corporation status (creating a C corporation)
  • Taxpayer failed to wait required 6 months for IRS to act on refund claim before filing suit

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