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That makes sense. Thank you. Should we understand that S-Corp A and S-Corp B indirectly own 100% shares of each other through the individual shareholder? I am h...
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Oh! I just remembered that S-Corp cannot have LLC and other corporation shareholders! So I guess no need to consider the attribution rules here! I really apprec...
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Thank you for responding. I also consulted my tax professor and he said the officer’s legality is actually not a tax issue, but is governed by the state law. As...
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An S-Corp Officer is both employee and 100% shareholder.With this logic, an S-Corp Officer's wife who indirectly owns 100% of shares also work for the Company, ...
