The Flow-through Entities Tax section is a compilation of alerts and articles written by members of the ICPAS Flow-through Entities Tax Committee; as well as links to websites and other resources of interest to the flow-through entities tax community. Follow the links below for more information on these topics.

Flow-through Entities Committee Articles

  • Pass-through Entities Could Face More Penalties Under New Tax Law +

  • S Corporation Status does not prevent self-employment Income being assessed +

  • Basis of S Corporation Debt to Shareholder +

  • Proposed Regulations Eliminate IRC Sec. 754 Election Signature Requirement +

  • Role of the Partnership Representation Under the Centralized Audit Rules +

  • Partnership Centralized Audit Rules +

  • Employment Tax Treat of Partners in a Partnership That Owns a Disregarded Entity +

  • Final Regs. on Excluding Discharged Debt From Income +

  • S Corporation’s payments of sole shareholder/employee’s personal expenses were not compensation +

  • Nonrecourse Carve-out Guarantees Don’t Increase Basis & At-risk Amounts +

  • S Corporation Can’t Avoid Income Properly Reportable in Closed Tax Year +

  • Income Earned by S Corp After Bankruptcy Commencement Taxable to Bankruptcy Estate +

  • New IRC Section 385 Regulations +