World425_amk_01
Law Document / Contract AnalysisPrompt
Summit filed Form 2553 (Rev B) with the Internal Revenue Service ("IRS") on February 19, 2019. Do you see any potential problems under Treasury Regulation 1.1362-6(b)?
Give me your analysis back here so I can decide what to do. Files
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Gold Response
Treasury Regulation 1.1362-6(b)(2)(i) states "when the stock of the corporation is owned by husband and wife as community property ... each ... must consent to the election." IRS Form 2553 states that shareholder Gregory A. Beaumont resides in Wisconsin, which is a community property state. It is unclear whether Beaumont was married at the time of signing Form 2553, February 19, 2019. If Beaumont was married at that time, his spouse's missing signature could invalidate the S Corporation election. Accordingly, I suggest follow-up diligence to confirm Beaumont's marital status at the time of signing Form 2553.
Rubric (6 criteria)
6 criteria
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Input Analysis
- Prompt
- 39 words - 230 chars
- ~51 tokens
- Structure
- 4 sentences - 1 questions
- Ref. Files
- 3 files
- 3 pdf
Output Analysis
- Output Type
- Message In Console
- Response
- text - 96 words - 3 lines
- ~125 tokens
- Prompt Tokens
- 51
- Gold Tokens
- 125
- Total Tokens
- 314
- Rubric
- 6 criteria