1366(d)(1)(B) or its regulations to require a shareholder
to fund the S corporation's losses with his or her own money or a loan from a bank or other unrelated party.
"Increasingly," Bowie adds, "companies are beginning to implement shareholder
proposals, especially when they address today's hot issues, such as de-classifying (electing them annually) staggered boards; eliminating 'poison pills' or agreeing to put them to a shareholder
vote; expensing stock options and allowing shareholders
to vote on golden parachutes that exceed three times an executive's compensation."
* BUY-SELL AGREEMENTS LET OWNERS, or shareholders
and a corporation, agree to the terms and conditions of a future sale to smooth the transfer of an ownership stake under certain triggering events.
Therefore, these deductions flowed through to the shareholders
on their individual income tax returns.
Advocates for shareholder
rights argue that boards will become independent from and superior to management only when directors owe their jobs to the shareholders
, not to the CEO.
In Revenue Procedure 81-70, the IRS acknowledges that, in the event the acquired target company is widely held, it would be "time consuming, costly, and burdensome" to collect tax basis data from the target shareholders
involved in a "B" reorganization.
action goes beyond social screening to avoid preaching to the choir, says Todd.
As with many shareholders
, Talley always voted by proxy.
The S corporation should consider employing the sole shareholder
's spouse or another family member, enabling it to purchase a group plan in states that do not allow a group health plan with only one participant.
We filed a shareholder
resolution in 1997, I think it was, to increase shareholder
independence at Disney.
The partner's or shareholder
's share of income items exceeds its share of expense items attributable to the partnership's or corporation's short year.
possessions; the total amount of foreign taxes paid; the date, form and contents of the notice to shareholders
; and the proportionate share of this income received and those taxes paid during the tax year attributable to one share of its stock.