Mr. Brant’s article offers readers a broad overview of the QSub election and a review of the history surrounding its statutory creation. In addition, it provides a rather in-depth discussion of the QSub qualification requirements, the election, late filing relief, termination, and inadvertent termination relief. Also, the articles provide a good discussion of various QSub planning opportunities and traps that exist for the unwary.

“The Qualified Subchapter S Subsidiary Election – A Primer and Beyond” was published in the September 2016 issue of the Journal of Taxation. © 2016 Thomson Reuters (WG&L Tax & Accounting).