{
  "id": "ELE_PASSIVE_INCOME_TAX_WAIVER",
  "name": "Waiver of Tax on Excess Net Passive Income",
  "category": "deduction",
  "jurisdiction": "federal",
  "eligibility_type": "opportunity",
  "eligibility": {
    "description": "The S corporation must establish it determined in good faith it had no accumulated E&P and must distribute such E&P within a reasonable period after discovery.",
    "requires_entity_type": null,
    "min_age": null,
    "max_age": null
  },
  "parameters": {},
  "entity_specific": false,
  "entity_types": null,
  "conflicts": [],
  "actionability": {
    "retroactive_status": "deadline_passed",
    "retroactive_note": "Action required during tax year — verify if still applicable",
    "forward_status": "available"
  },
  "description": "Provides a mechanism for the Secretary to waive the penalty tax on excess passive investment income if the S corporation acted in good faith and distributes the offending earnings and profits.",
  "irc_reference": "IRC §1375",
  "deadline": "",
  "savings_potential": "medium",
  "benefits": "business",
  "discovered_by": "discovery_engine_v1",
  "calculator_implemented": false
}