The three reasons for 351 tax deferral treatment must occur in sequence for tax deferrment to occur

True

False

As discussed in class, a statutory 199 20% deduction is commonly referred to as a/an:

AGI component

haircut

flow thru benefit

small business discount

The purpose of schedule M-1 is to reconcile net income per tax return with net income per books

True

False

C-Corp adn S-Corp are both referred to as regular corporations but P-Corp are not

True

False