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 Bill of Sale Issued Shares of Corporate Stock 2021-2024

2021-2024 Form

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all right for this video I want to talk about a election available to us corporations when they have a change in ownership during the year and so the ownership changes have to meet certain thresholds but if there's a significant change of ownership during the year the S corporation can make this election and effectively what it does is it breaks up the tax year into multiple tax years so this election is referred to as the section 1.1368-1 g election I'll just refer to it as a g election from here on out so I don't have to constantly repeat that treasury Reg but before I get into the weeds too much on this I want to talk about what we have in front of us as far as the materials and then a very high level quick example before we really get into kind of the rules and how the mechanics of this election are going to work so I do have some slides in front of us covering the rules and then the fact pattern and then in two PDF documents so I've got uh the 1120s and the k1s for the return if t

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