Can an S Corp Change to a Partnership?
As a result of the conversion, Y was classified as a corporation for U.S. federal tax purposes. On Feb. 1, 2010, Y elected to be taxed as an S corporation effective on Jan. 1, 2010.
As a result of the conversion, Y was classified as a corporation for U.S. federal tax purposes. On Feb. 1, 2010, Y elected to be taxed as an S corporation effective on Jan. 1, 2010.