Message Font: Serif | Sans-Serif
No. of Recommendations: 0
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.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Live Video Event Monday!
The GP team is hosting a live video event on Monday at 4 p.m. ET. Don't worry if you can't make it — we'll have a replay and a transcript. Click for more!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.