S Short Year definition

S Short Year shall have the meaning set forth in Section 1362(e)(1)(A) of the Code.
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S Short Year means that portion of the S Termination Year beginning on the first day of such taxable year and ending on the day immediately preceding the Termination Date.
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S Short Year means that portion of the S Termination Year of the Company defined in Section 1362(e)(1)(A) of the Code.
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Examples of S Short Year in a sentence

  • For federal income tax purposes, the Company will be treated as an S corporation during its S Short Year.

  • All Tax returns of the Company, which are required and/or permitted by the authorized taxing authorities (herein collectively referred to as the "S Short Year Returns"), shall be filed accordingly.

  • Pursuant to Section 1361(e)(1) of the Code, the S Termination Year of the Company shall be divided into two short taxable years: an “S Short Year” and a “C Short Year.” As defined in Section 1362(e)(1)(A) of the Code, the S Short Year shall be that portion of the Company’s S Termination Year ending on the day immediately preceding the Termination Date.

  • Pursuant to Section 1362(e)(1) of the Code, the S Termination Year of the Company shall be divided into two short taxable years: an S Short Year and a C Short Year.

  • Tax items shall be allocated to the S Short Year and the C Short Year pursuant to normal tax accounting rules (that is, the "closing of the books method") rather than by the pro rata allocation method contained in Section 1362(e)(2) of the Code.


More Definitions of S Short Year

S Short Year means that portion of the S Termination Year of the Company beginning on January 1, 1999, and ending on the Termination Date.
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S Short Year means that portion of the Company's S ------------ Termination Year ending on the day immediately preceding the Termination Date.
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S Short Year shall have the meaning set forth in Section 3.01.
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S Short Year means the S Short Year of the Company (within the meaning of Section 1362(e)(1)(A) of the Code) for the calendar year in with the Termination Date occurs.
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S Short Year means the tax year of Teletrade that ends as a result of the termination of the S corporation status of Teletrade pursuant to Section 1362 of the Code (and the corresponding provisions of applicable state law).
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S Short Year has the meaning given in Section 4.10.
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S Short Year means the period January 1, 1999 through the close ------------ of business on the Closing Date.
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