{"id":1992,"date":"2023-06-13T19:05:56","date_gmt":"2023-06-13T19:05:56","guid":{"rendered":"https:\/\/gtmtax.com\/insight\/picpa-getting-an-f-when-buying-an-s-corp-makes-the-grade\/"},"modified":"2025-07-23T20:03:01","modified_gmt":"2025-07-23T20:03:01","slug":"picpa-getting-an-f-when-buying-an-s-corp-makes-the-grade","status":"publish","type":"insight","link":"https:\/\/gtmtax.com\/insight\/picpa-getting-an-f-when-buying-an-s-corp-makes-the-grade\/","title":{"rendered":"PICPA: Getting an “F” When Buying an S Corp. Makes the Grade"},"content":{"rendered":"
\n\n\n\n\n
\n
\n

When approaching an S corporation for acquisition, there are unique tax issues to deal with regarding the target’s status. Fortunately, buyers are armed with a tax-free reorganization pursuant to Section 368(a) (1)(F) of the Internal Revenue Code (IRC), also known as the F Reorg.<\/p>\n

In their latest article<\/a> for the Pennsylvania CPA Journal,\u00a0 Michael Tighe, <\/a>\u00a0Meredith Thornton<\/a> and Howard Braithwaite<\/a> discuss how, when an F reorg is combined with a limited liability company (LLC) conversion, the issue of S corporation status becomes a nonfactor, allowing buyers and sellers to focus on other aspects of the acquisition.<\/p>\n

Read the article here<\/a>.<\/p>\n\n <\/div>\n<\/div><\/div>","protected":false},"template":"","meta":{"_acf_changed":false},"class_list":["post-1992","insight","type-insight","status-publish","hentry"],"acf":[],"yoast_head":"\nPICPA: Getting an "F" When Buying an S Corp. Makes the Grade<\/title>\n<meta name=\"description\" content=\"When approaching an S corporation for acquisition, there are unique tax issues to deal with regarding the target's status. Get details here.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gtmtax.com\/insight\/picpa-getting-an-f-when-buying-an-s-corp-makes-the-grade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PICPA: Getting an "F" When Buying an S Corp. Makes the Grade\" \/>\n<meta property=\"og:description\" content=\"When approaching an S corporation for acquisition, there are unique tax issues to deal with regarding the target's status. Get details here.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gtmtax.com\/insight\/picpa-getting-an-f-when-buying-an-s-corp-makes-the-grade\/\" \/>\n<meta property=\"og:site_name\" content=\"GTM Tax\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-23T20:03:01+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gtmtax.com\/insight\/picpa-getting-an-f-when-buying-an-s-corp-makes-the-grade\/\",\"url\":\"https:\/\/gtmtax.com\/insight\/picpa-getting-an-f-when-buying-an-s-corp-makes-the-grade\/\",\"name\":\"PICPA: Getting an \\\"F\\\" When Buying an S Corp. Makes the Grade\",\"isPartOf\":{\"@id\":\"https:\/\/gtmtax.com\/#website\"},\"datePublished\":\"2023-06-13T19:05:56+00:00\",\"dateModified\":\"2025-07-23T20:03:01+00:00\",\"description\":\"When approaching an S corporation for acquisition, there are unique tax issues to deal with regarding the target's status. Get details here.\",\"breadcrumb\":{\"@id\":\"https:\/\/gtmtax.com\/insight\/picpa-getting-an-f-when-buying-an-s-corp-makes-the-grade\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gtmtax.com\/insight\/picpa-getting-an-f-when-buying-an-s-corp-makes-the-grade\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/gtmtax.com\/insight\/picpa-getting-an-f-when-buying-an-s-corp-makes-the-grade\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/gtmtax.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PICPA: Getting an “F” When Buying an S Corp. Makes the Grade\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gtmtax.com\/#website\",\"url\":\"https:\/\/gtmtax.com\/\",\"name\":\"GTM Tax\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/gtmtax.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"PICPA: Getting an \"F\" When Buying an S Corp. Makes the Grade","description":"When approaching an S corporation for acquisition, there are unique tax issues to deal with regarding the target's status. Get details here.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/gtmtax.com\/insight\/picpa-getting-an-f-when-buying-an-s-corp-makes-the-grade\/","og_locale":"en_US","og_type":"article","og_title":"PICPA: Getting an \"F\" When Buying an S Corp. Makes the Grade","og_description":"When approaching an S corporation for acquisition, there are unique tax issues to deal with regarding the target's status. Get details here.","og_url":"https:\/\/gtmtax.com\/insight\/picpa-getting-an-f-when-buying-an-s-corp-makes-the-grade\/","og_site_name":"GTM Tax","article_modified_time":"2025-07-23T20:03:01+00:00","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/gtmtax.com\/insight\/picpa-getting-an-f-when-buying-an-s-corp-makes-the-grade\/","url":"https:\/\/gtmtax.com\/insight\/picpa-getting-an-f-when-buying-an-s-corp-makes-the-grade\/","name":"PICPA: Getting an \"F\" When Buying an S Corp. Makes the Grade","isPartOf":{"@id":"https:\/\/gtmtax.com\/#website"},"datePublished":"2023-06-13T19:05:56+00:00","dateModified":"2025-07-23T20:03:01+00:00","description":"When approaching an S corporation for acquisition, there are unique tax issues to deal with regarding the target's status. Get details here.","breadcrumb":{"@id":"https:\/\/gtmtax.com\/insight\/picpa-getting-an-f-when-buying-an-s-corp-makes-the-grade\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/gtmtax.com\/insight\/picpa-getting-an-f-when-buying-an-s-corp-makes-the-grade\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/gtmtax.com\/insight\/picpa-getting-an-f-when-buying-an-s-corp-makes-the-grade\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/gtmtax.com\/"},{"@type":"ListItem","position":2,"name":"PICPA: Getting an “F” When Buying an S Corp. Makes the Grade"}]},{"@type":"WebSite","@id":"https:\/\/gtmtax.com\/#website","url":"https:\/\/gtmtax.com\/","name":"GTM Tax","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/gtmtax.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/gtmtax.com\/wp-json\/wp\/v2\/insight\/1992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gtmtax.com\/wp-json\/wp\/v2\/insight"}],"about":[{"href":"https:\/\/gtmtax.com\/wp-json\/wp\/v2\/types\/insight"}],"wp:attachment":[{"href":"https:\/\/gtmtax.com\/wp-json\/wp\/v2\/media?parent=1992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}