Ever since Gross v. Commissioner,1 the Tax Court has struggled with the valuation of pass-through entities, such as S corporations (S corps). The question is: Should the earnings of an S corp be tax-affected by imposing an assumed corporate tax rate (based on the taxes of similar C corporations (C corps), for example) to pre-tax earnings and then capitalizing those earnings in some way?
All access premium subscription
Please Log in if you are currently a Trusts & Estates subscriber.
If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.
Questions about your account or how to access content?
Contact: [email protected]
0 comments
Hide comments
