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Home > Personal Income Tax Planning > Section 108 Proposed Regulations for S Corporations - Ed Zollars
Podcast: Personal Income Tax Planning
Episode:

Section 108 Proposed Regulations for S Corporations - Ed Zollars
Category: Business
Duration: 00:00:00
Publish Date: 2008-08-10 00:26:56
Description:

The IRS issued proposed regulations to explain the reduction of the NOL substitute in an S corporation setting when cancellation of debt is excluded from the S corporation's income under Section 108. While the regulations are in proposed form only, the "deemed NOL" rules have existed in the IRC since 2002, and Section 108 is likely to be an issue for S corporations who face economic challenges.

The materials for this podcast can be found at http://www.edzollars.com/2008-08-04_108andS.pdf .



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