Archives › 2012 › November › 02

C corp converted to S corp results in B.I.G. tax.

This excerp is from the executive summary of an article cited below. When a C corporation converts to an S corporation or an S corporation acquires assets from a C corporation in a tax-free transaction, it may be subject to a corporate-level “built-in gains” tax in addition to the tax imposed on its shareholders. The […]