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S Corporations and AAA
Manage episode 155580414 series 1161335
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The IRS this week issued some relatively unsurprising guidance on the treatment of life insurance and an S corporation's accumulated adjustments account, so this week we'll look at the more general issues of the relevance (and lack of relevance) of AAA for an S corporation and its shareholders, and how the item is computed.The materials are available at http://www.edzollars.com/2008-07-07_AAA.pdf .The podcast is sponsored by Leimberg Information Services, located on the web at http://www.leimbergservices.com .
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