Comment
02-19-2021
03:24 PM
02-19-2021
03:24 PM
The same idea would be true for converting C-Corporations to S-Corporations and vice-versa.
This would have some big programming issues in the areas of shareholder basis, BIG tax, and undistributed AAA accounts, however, these areas could be flagged so that we would have to finish that before the "conversion/proforma" is complete.