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IRC Section 1244 Forms
SKU: 1244
Your Price $12.00
Qty
 
Section 1244 of the IRC allows a corporation which qualifies as a small business corporation to allow its shareholders to take capital losses as ordinary losses on their individual income tax returns. This usually dovetails very nicely with Sub Chapter "S". Our package includes a copy of the regulation, addendum to the corporate bylaws, letters of notification to shareholders, 20 notification stickers to affix to the stock certificates when issued, work sheets and qualification sheets to insure that the corporate management remain within the specified guidelines, and Directors resolution, which is the formal decision by the board to operate under section 1244 guidelines.