The IRS has issued final regulations (T.D. 9914) as guidance on the definition of an eligible terminated S corporation and rules relating to distributions of money by such a corporation after the post-termination transition period.
To see final regs, click Final Regs – T.D. 9914: Eligible Terminated S Corps (Sept. 15, 2020).
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.
Wealth Strategies Journal 