S Corporations and Passive Income

dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-18T12:42:39.000
dc.date.accessioned 2020-06-29T22:59:27Z
dc.date.available 2020-06-29T22:59:27Z
dc.date.embargo 2017-05-30
dc.date.issued 1994-01-07
dc.description.abstract <p>Passive income is a serious problem in estate and business planning. Too much passive income can limit or deny the use of several of the tax relief provisions otherwise available to farm and ranch operations. A cash rent lease causes the assets involved to be considered as business assets necessary for the provision to be available. Moreover, too much passive income can have negative impacts on farm and ranch operations.</p> <p>Too much passive income in S corporations falls into the latter category and can lead to additional tax to be levied and possible loss of the S corporation election.</p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol5/iss1/1/
dc.identifier.articleid 1218
dc.identifier.contextkey 10228621
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol5/iss1/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/3994
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol5/iss1/1/AgLawDigest_v05n01_01.pdf|||Fri Jan 14 17:39:29 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Agriculture Law
dc.subject.disciplines Public Economics
dc.title S Corporations and Passive Income
dc.type article
dc.type.genre article
dspace.entity.type Publication
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relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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