The S Corporation Answer Book.

• Author: Fink, Philip R.
• Position: Book review

The S Corporation Answer Book, by Judith Rood Traum and Sydney S. Traum (Aspen Publishers, 7th ed., 2008), is designed to provide tax practitioners and executives of S corporations with up-to-date coverage in the complex area of S corporation taxation. The book's Q&A format makes it easy to find answers to various issues, including when an S corporation election terminates, what happens to losses that were not deductible because of the tax basis limitation, and which losses and deductions can be deducted when the...