Attorney Tom Nichols was recently quoted in a Tax Notes Today article titled “Decisions to Revoke S Corp Elections Not Just About the Rates.” In it, Tom is quoted and advises regarding the new importance of tax-free sale treatment of section 1202 stock after the passage of the Tax Cuts and Jobs Act (TCJA).

The article examines the uncertainties that many S corporations are experiencing as a result of the TCJA and outlines key factors for businesses to consider when weighing the complex decision of remaining an S corporation or converting to C corporation status.