A Corporation Whose Only Shareholder is a Roth-IRA is Ineligible to Make a Subchapter 'S' Election

In this case, the United States Ninth Circuit Court of Appeals held: A corporation whose sole shareholder is a custodial Roth Individual Retirement Account (Roth IRA) is ineligible to make a Subpchapter 'S' Election under Section 1361 of the Internal Revenue Code.
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Robin Mashal
Los Angeles, California
Commercial Litigation
(310) 286-2000

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I am a litigation lawyer, licensed to practice law in the State of California. You can reach me by phone at (310) 286-2000.