Scope and time-saving features of the TAX SERVICE. The TAX SERVICE provides in-depth and authoritative information of factors "for" and "against" electing to become an "S" corporation, liquidations, reorganizations and redemptions. Along with taxation of shareholders, including passive activity limitations, the TAX SERVICE covers tax elections, operations, tax year, audit procedures, stock basis, distributions and terminations. All together, there are seventeen (17) chapters, conveniently tabbed for quick reference, plus an extensive topical index. The text is comprised of over 750 pages in a black loose-leaf binder with red tabs to assist in locating specific tax information.