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Author: 4play Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: C Corp/ S Corp Help Please Date: 1/13/1999 12:17 AM
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Roy, could you please offer some guidance. I currently have a C corp that derives most of its revenue from rentals. These rentals are space for antennae's on communication towers and the rental of single family homes. I would like to change from a C Corp to an S Corp but my accountant states that I can not since more than 25% of my revenues are from passive income. Do you know anything about such a ruling, and if so could you please refer me to the location of such material so that I may dig into this a little further. Thanks for your help.

John
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