Question
Questions on Corporations Name:__________________ Due date: Thursday 4/23/20 by midnight Compare the taxation between C Corporations and Partnership Research and explain the 80% rule when
Questions on Corporations Name:__________________
Due date: Thursday 4/23/20 by midnight
- Compare the taxation between C Corporations and Partnership
- Research and explain the 80% rule when creating a Corporation
- Tom creates a C Corporation on 1/1/20 in exchange for 100% of common stock of the Corporation and brings technical equipment to the Corporation.
Details of the equipment are as follows:
Original cost of the equipment $50,000
Accumulated depreciation on 1/1/20 $30,000
Fair Market Value of the equipment $25,000
a/ What is Tom basis in the stock of the Corporation?
b/ What is the basis of the equipment in the books of the Corporation?
- Explain what is the Dividend Received Deduction for a Corporation
- Can a Corporation deduct charitable contributions? Explain the rules
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Portfolio Of Business And Management Audits
Authors: Baumhardt And Partner
1st Edition
3908131006, 978-3908131007
