What is a terminating event in relation to an S corporation?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (14 reviews)
If in a future year the S election terminates the amount in th...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Taxation For Decision Makers 2014
ISBN: 9781118654545
6th Edition
Authors: Shirley Dennis Escoffier, Karen Fortin
Question Posted:
Students also viewed these Business Law questions
-
Go to the Web site for Delta Air Lines, which is linked to the text Web site at www.cengage.com/accounting/vanderbeck. Click on Specials, then Web Fares and do the following: 1. Find a fare departing...
-
Go to the website for Delta Air Lines, www.delta.com, Under Planning Tools, click on "Deals and Offers," then "Weekly Web Fare Specials" and do the following: 1. Find a fare departing from a city...
-
Abstract: This article addresses the education of women in prison in relation to an emerging area of research and policy concern: vocational training. Using interviews with women prisoners in...
-
Local 54 has retained James Love to represent it in a grievance against Dilated Peoples Optical Inc. The union is grieving the employers decision to exclude from the bargaining unit the position of...
-
Hart, an assistant accountant with the firm of Better & Best, CPAs, is auditing the financial statements of Tech Consolidated Industries Inc. The firms audit plan calls for the preparation of written...
-
What are the five decision domains? What are the responsibilities of each?
-
Scholarships offered by government. The Government of Belgium encourages students from all around the world to study in Belgian universities. The Government offers special scholarships to applicants...
-
Allied Corporation has one temporary difference at the end of 2014 that will reverse and cause deductible amounts of $40,000 in 2015, and $70,000 in 2016. Allieds pretax financial income for 2014 is...
-
What is the main function of financial markets? Who is usually better off in case of well-functioning markets? Explain your answer. This is from financial markets and institutions 9th edition global...
-
? Dean and Ellen Price are married and have a manufacturing business. They bought a piece of business equipment (7-year personal property) on 4/1/2017 for $50,000. Use half-year convention to...
-
What is the difference between a prospective S election and a retroactive S election?
-
What types of taxes may an S corporation have to pay and under what circumstances?
-
In Exercises 14, find the value of the objective function at each corner of the graphed region. What is the maximum value of the objective function? What is the minimum value of the objective...
-
Why would a company pursuing vertical integration need to develop a multibusiness model? to determine the scope and boundaries of the new firm to explain how to successfully compete within a single bu
-
In the following vignette write out three examples of a MI intervention in response to what the client has shared. Mariana is a 31-year-old, married Hispanic female who works as an advertising...
-
A small factory has two types of loads (balanced 3 phase Wye connected). Lighting accessories with a total power of 6 kW at unity power factor. Two electric machines rated 13.5 kVA each operating at...
-
Which terms are used to determine severity of mental illness /Disorder in a DSM diagnosis? I Superficial, Typical, Intense Mild, Moderate, Severe Low, Medium, High Level I, Level II, Level II
-
Target Inventory You are the operations manager of a firm that uses the continuous inventory control system. Suppose the firm operates 50 weeks a year, 350 days, and has the following characteristics
-
Evaluate each expression in Problems 3-32. \({ }_{8} P_{3}\)
-
Refrigerant-134a enters an adiabatic compressor as saturated vapor at 120 kPa at a rate of 0.3 m3/min and exits at 1-MPa pressure. If the isentropic efficiency of the compressor is 80 percent,...
-
Franco owns a 60% interest in the Dulera LLC. On December 31 of the current tax year, his basis in the LLC interest is $128,000. The fair market value of the interest is $140,000. In a proportionate...
-
Pablo has a $63,000 basis in his partnership interest. On May 9 of the current tax year, the partnership distributes to him, in a proportionate nonliquidating distribution, cash of $25,000, cash...
-
Pablo has a $63,000 basis in his partnership interest. On May 9 of the current tax year, the partnership distributes to him, in a proportionate nonliquidating distribution, cash of $25,000, cash...
-
45 During the first week of January, an employee works 50 hours. For this company, workers earn 150% of their regular rate for hours in excess of 40 per week. Her pay rate is $16 per hour, and her...
-
ngage English World Jim operates several retail stores that specialize in products for a healthy lifestyle. Some of its financial information is shown below for its fiscal year ended July 31, 2019....
-
Montague (age 15) is claimed as a dependent by his parents, Matt and Mary. In 2019, Montague received $5,090 of qualified dividends, and he received $890 from a part-time job. What is his taxable...
Study smarter with the SolutionInn App