jerry1000 Posted September 6, 2007 Report Share Posted September 6, 2007 We have always been an s corporation since inception. An investor wants to make an investment into our corporation and wants convertible preferred stock. We are considering termination of the s corporation election and understand that we would have to notify the IRS of the S election termination, and we would file a short year s corporation and short year c corporation election. The question, do we have any tax consequences from termination of the s election that we should be concerned about? Quote Link to comment Share on other sites More sharing options...
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