(5) maintains the status of the corporation as an electing small business corporation under Subchapter S of the Internal Revenue Code; (A) maintaining the corporation's status as an electing small business corporation under Subchapter S of the Internal Revenue Code;
If a corporation was an electing small business corporation for the last preenactment year and is an S corporation for the 1st postenactment year, any carryforward to the 1st postenactment year which
shall be terminated whenever (at any time on or after the 1st day of the 1st taxable year for which the corporation is an S corporation) such corporation ceases to be a small business corporation. is an S corporation) such corporation ceases to be a small business corporation. (A) so that the corporation for which the election was made or the termination occurred is a small business corporation or a qualified subchapter S subsidiary, as the case may be, or
corporation for any taxable year from farming businesses attributable to the partnership or S corporation (A) a partnership or any other enterprise other than a corporation which is not an S corporation engaged in the trade or business of farming, if at any time interests in such partnership or enterprise have (B) a partnership or any other enterprise other than a corporation which is not an S corporation engaged corporation for any taxable year from trades or businesses attributable to the partnership or S corporation
section 401(c)(1), (ii) any 2-percent shareholder (as defined in section 1372(b)) of an eligible small business which is an S corporation, (iii) any 5-percent owner (as defined in section 416(i)(1)(B)(i)) of an
(C) in the case of a qualified small business other than a partnership or S corporation, the amount of the business credit carryforward under section 39 carried from the taxable year (determined before which is an S corporation, the return required to be filed under section 6037, and (III) in the case (C) Special rule for partnerships and S corporations In the case of a qualified small business which is a partnership or S corporation, the election made under this subsection shall be made at the entity
(A) the portion of any electing small business trust which consists of stock in 1 or more S corporations
substantially all the assets of such S corporation (including in a title 11 or similar case), a cessation of business by such S corporation, such S corporation ceases to exist, or any similar circumstance.
taxpayer actively participates in the management of such trade or business, or (ii) such trade or business is carried on by a partnership or an S corporation and 65 percent or more of the losses for the taxable
