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044 109 <br />F IN N Q 000 00 7615 <br />201003 058223 77572 IFS U, Sli NIL Y <br />ti Departinctit of tfi2 Trennury <br />11AVI711,11 RCi-elitte SPI'l-iCe <br />OGDEN ITT <br />044109.686M.0150.004 I AT 0,357 530 <br />I I rl I N 111 111111111 till 11 1 t11IIIIliij If 11111111 <br />INDUSTRIAL TRANSPORTATION & TOWING <br />ITT <br />PO BOX 116 <br />LA PORTE TX 77572-0116167 <br />N.otiee of Acceptance as im S Corporation <br />29953-749-0-1'-' 27-9 A0132944 261 <br />271350476 Is Ll P <br />For a ssista 11CC, Call: <br />I - ri () - 8 2 9 - 0 11 -: <br />Notice Number.- C11261 <br />Date' FeehnMry 1,2010 <br />Taxpayer ldvi-itificatiou Nt1mher- <br />27-13SO476 <br />Tax Fol-111: <br />Tav Pedod: <br />We h1weaccepted your election to be treated tas an S corporation be -inning December 4, 2009. Your <br />accounting period will end in Deconibm <br />We would also I ike to takethis opportlinity to infor-11-1you of yourtax obligationsrelcated to thepaymet-it of <br />C7 <br />compensitio.ii to : liarcholder-cmployoos of S corporations. <br />When as sha ' reholdt,-r-ernployee of an S corporation provides seiiices to the S corporation, re','Isonlble <br />Compensation generally needs to be paidThis compensation is subJect to employment. taxes. <br />Tax Practitionersand subcImpler S shareholders need to beMV,11V tIMt ReVC11110 RUling 74-414 states that <br />tho In(emal Revenue Service (IRS) will re -characterize small bU.Si1ICsS corporation dividmcls paid to <br />shareholders as salary Mien such dividends arc paid to the shareholders in HCH ofroasonablo <br />Compensation for ser <br />The IRS may also re-chaxacterize digtribUti01IS other than dividerid distributions as salary. This position <br />has been suppoiled In sewral recent court decisions, <br />If YOU have any questions about this notice or the action. wo have taken, pleme call LIS at the 1010I)II0110 <br />number listed above. if you prefer, you may Nvriv,, to its at the address shown at the top of this notice, If <br />You Nvfflo to its, please provide Your (Clepliolle number and (ILC 1110S( C011VC1LiC11t, N1110 for us to UtIl SO We <br />citi resolve your hiqUity. Pleaso return the bottom part of this tiotico to 11011) LIS '(10f1lify I , Your case. <br />'7;F or( a x forms, instructions and i ifforim (i oii visit jymyins.,o v (Access to this site will riot provide you <br />Nxeith )IOLLr specific, txi-payer C'ICCOUIA information.) <br />