Leadership

Essay specific features

 

Issue:

Social Issues

 

Written by:

Gary H

 

Date added:

September 18, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1472

 

Was viewed:

955 times

 

Rating of current essay:

 
Essay content:

Passive Income 2. Built in Gains Passive Income - S Corp that has subchapter C earnings and profit - S Corp with passive income o Gross receipts exceed 25 percent of passive activity (pay income tax) o Gross receipts exceeds 25 percent for 3 years (S Corp termination) Built in Gains - Conversion from C Corp to an S Corp - Any appreciated assets as date of conversion are called Net Built in Gain o Within 10 years if you sell assets you are subject to tax Subsection 1363(b)- S Corporations taxable income is calculated in the same manner as an individual Exceptions to 1363(b): - Personal Exemptions under Section 152 are not deductible - Charitable Contributions under Section 170 are not deductible - Any additional itemized deductions (medical) Taxation at Shareholder Level Subsection 1366(a)- all items of income, deduction, loss, and credit recognition by S Corp are passed through to the shareholder Knott v...
displayed 300 characters

Custom written essay

All essays are written from scratch by professional writers according to your instructions and delivered to your email on time. Prices start from $10.99/page

Order custom paper

Full essays database

You get access to all the essays and can view as many of them as you like for as little as $28.95/month

Buy database access

Order custom writing paper now!

  • Your research paper is written
    by certified writers
  • Your requirements and targets are
    always met
  • You are able to control the progress
    of your writing assignment
  • You get a chance to become an
    excellent student!

Get a price guote

 
 

Commissioner TC Memo 1991-352 - Shareholders are taxed on their allowable share of income even if not distributed Subsection 1366(b)- Character of any item included in a shareholder pro-rata shares shall be determined as if it we realized directly from the source and incurred in the same manner as a corporation Exceptions to 1366: - Regulation 1...
displayed 300 characters

General issues of this essay:

Related essays:

x
Services