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Non Dividend Distribution (Return of Capital) received by
Non Dividend Distribution (Return of Capital) received by C-corp - do I need to include it anywhere on the return? Since its non-taxable, I assume, no?… read more
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T Corp. distributed land worth $30,000 (basis $5,000) used
T Corp. distributed land worth $30,000 (basis $5,000) used in its business to its sole shareholder, George. Assuming that T has substantial E & P, George's dividend and basis for the property will be … read more
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Fox Corp. distributed land worth $50,000 to its sole
Fox Corp. distributed land worth $50,000 to its sole shareholder. The land had a basis of $40,000 and was subject to a mortgage of $20,000. Fox's E & P is $100,000 before any adjustments for the distr… read more
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During the year, Mr. T, the sole shareholder, redeemed 20
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P Corp distributed to its sole shareholder land worth
P Corp distributed to its sole shareholder land worth $50,000. The land had a basis of $40,000 and was subject to a mortgage of $80,000. How much gain must P recognize on the distribution of the land?… read more
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I have heard there is a special tax on S-Corps that
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This is a C Corp Dividend Distributions question. I think
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jgordosea
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WebLaw Wills Corporation, which has accumulated a current
WebLaw Wills Corporation, which has accumulated a current E&P totaling $65,000, distributes land to its sole shareholder, an individual. The land has an FMV of $75,000 and an adjusted basis of $55,000… read more
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A corporation distributes land and the related liability to
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In 2009, pursuant to a plan of complete liquidation, Woods
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Crimson Corp. has a deficit in accumulated E&P of $430,000.
Crimson Corp. has a deficit in accumulated E&P of $430,000. For 2007, it has current E&P of $370,000. On July 1,2007 Crimson distributes &390,000 to its sole shareholder, Anita. Anita has a basis of $… read more
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If there is a distribution of $20,000 to a shareholder, who
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Starling Corp. distributes property to its sole ...
Starling Corp. distributes property to its sole shareholder, Zoe. The property has a fair market value of $350,000, an adjusted basis of $205,000, and is subject to a liability of $220,000. Current E&… read more
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Crimson Corp. has a deficit in accumulated E&P of $430,000.
Crimson Corp. has a deficit in accumulated E&P of $430,000. For 2007, it has current E&P of $370,000. On July 1, 2007, Crimson distributes $390,000 to its sole shareholder, Anita. Anita has a basis of… read more
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I need help with these Corporate Tax questions. i really ...
I need help with these Corporate Tax questions. i really need it as soon as possible. thank you. 1. Calculate the alternative minimum tax for a retail corporation whose tax return reflects the followi… read more
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If a corp. has a deficit in Accumulated E&P of $430,000 ...
If a corp. has a deficit in Accumulated E&P of $430,000 and for 2005 it had a current E&P of $370K. Then on July 1, 2005 it distributes $390K to the sole shareholder. The sole shareholder has a basis … read more
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