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Home Improvement (not a personal service corp) has accumulated earnings of about 200,000 and current earnings of 400,000 Landscaping corp dividends paid deduction is 60,000
Home Improvement (not a personal service corp) has accumulated earnings of about 200,000 and current earnings of 400,000 Landscaping corp dividends paid deduction is 60,000 and reasonable business needs amount to 375,000.
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Find Home Improvements accumulated earnings credit
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If Home Improvement also had after-tax net capital gains totaling 140,000 determine Home Improvements accumulated earnings credit.
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