This guide addresses the complex tax implications for S corporations following significant legislative changes. Robert Jamison, a CPA with a Ph.D., provides a comprehensive analysis of the Taxpayer Relief Act of 1997 and the Small Business Job Protection Act of 1996, which are expected to increase the popularity of S corporations. The book details routine and unusual transactions, offering hundreds of real-world examples to clarify critical and complicated issues. It serves as a complete resource for establishing or maintaining an S corporation tax structure.

This text is presented as a thorough guide for navigating the complexities of S corporation taxation, particularly in light of recent legislative acts. The inclusion of a disk with customizable tools suggests a practical, user-focused approach aimed at saving time for professionals and business owners. The detailed scope, covering both routine and unusual transactions with numerous examples, indicates a resource intended for in-depth study and application.