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CCH has made available for non-subscribers an article from the Journal of Passthrough Entities, "Shareholder Basis in the S Corporation: Debt Guarantees and Loans from Commonly Controlled Entities." It is a good introduction to one of the Tax Update's favorite topics.
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The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not necessarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to