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What's the amount that someone receives when they own 25% of an S Corporation which reported an ordinary business income of $36,000, and they held
What's the amount that someone receives when they own 25% of an S Corporation which reported an ordinary business income of $36,000, and they held their interest in the company for 7 years? They are not considered a passive investor in the company.
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Answer Explanation Step 1 i S corporations dont pay federal taxes on profits earned Instead ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
