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ANTOINE MATAR ACCOUNTING babm.com/accounting


Antoine Matar is a tax accountant with Kingery & Crouse, PA in Tampa, FL. Kingery & Crouse, P.A. is a full service public accounting firm with a staff of dedicated professionals providing audit (including SEC and employee benefit plan audits), tax and accounting services. You may contact Kingery & Crouse at (813) 874-1280 or find us on the web at tampacpa.com.


18 | APRIL/MAY/JUNE 2012


In 2010, the United States Government Accountability Office issued a report to the U.S. Senate Finance Committee titled “TAX GAP: Actions Needed to Address Noncompliance with S Corporation Tax Rules” that in part addressed difficulties S Corporation shareholders have in calculating and tracking their basis in such corporations. This really isn’t surprising for many reasons, a few of which are as follows:


S


understanding


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