LO.1, 7 Shareholders of closely held corporations frequently engage in dealings with such corporations. These dealings provide

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LO.1, 7 Shareholders of closely held corporations frequently engage in dealings with such corporations. These dealings provide an opportunity to extract earnings out of a corporate entity in some form other than a nondeductible dividend distribution. Provide several examples of shareholder-corporation transactions, and for each example, briefly note the requirement that would need to be satisfied to avoid recharacterization by the IRS as a disguised dividend distribution.

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South Western Federal Taxation 2013 Corporations Partnerships Estates And Trusts

ISBN: 9781133495574

36th Edition

Authors: William H. Hoffman, William A. Raabe, James E. Smith, David M. Maloney

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