| Date |
11/30/2009 2:56:44 PM |
| Question |
How members of the same family classifed as individual shareholders? |
| Answer |
In 2004, the American Jobs Creation Act introduced the term "members of a family" to the world of Subchapter S taxation. The law had the effect of treating individual shareholders (including their spouses or former spouses) who were "members of a family" as a single shareholder for Subchapter S purposes. |
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