(a) Adjustments | |
attributable | |
to conversion | |
from S. corporas | |
to corporation — | |
Section 981 is | |
amended by | |
adding at the end | |
the following new | |
subsection: | |
(d) Adjustments | |
attributable to | |
conversion for | |
A corporation i[cut off] | |
C corporation. | |
(1) In general | |
In the care of | |
an illgit[unreadable] | |
terminated S. | |
corporation | |
any increase | |
in tax under | |
this chapter, | |
by [looks like wanton? doesn't make sense] of [cut off] | |
adjustment [ugaia? nope] | |
by substitution (a)(2) | |
and which is | |
attributable to such | |
corpoation's [uso?]cation | |
described in paragraph | |
(2)(4)(ii), shall be taken | |
into account [sutably?} | |
during the 6-taxable ye[ar?] | |
[paisd?] beginning w/ the | |
[cut off] |
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