Questions & Answers: Taxation of Business Entities

Questions & Answers: Taxation of Business Entities includes questions on topics relating to a wide array of tax issues corporations, partnerships, and subchapter s corporations encounter, as well as questions comparing the tax issues of concern for these entities.
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2011 Edition
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ISBN: 9780327170440
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Questions & Answers: Taxation of Business Entities includes questions on topics relating to a wide array of tax issues corporations, partnerships, and subchapter s corporations encounter, as well as questions comparing the tax issues of concern for these entities.

Like the other titles in the Questions & Answers Series, each multiple-choice question in Questions & Answers: Taxation of Business Entities is accompanied by a detailed answer indicating which of the choices is the best answer and explains why that answer is better than the other choices. And each short-answer question is followed by a model answer.

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Table of contents

QUESTIONS  

TOPIC 1: SHAREHOLDER-RELATED ISSUES

TOPIC 2: DISREGARDING CORPORATION AS AN ENTITY FOR TAX PURPOSES

TOPIC 3: ASSOCIATIONS

TOPIC 4: DETERMINATION OF CORPORATE INCOME TAX LIABILITY

TOPIC 5: TAX ACCOUNTING AND PROCEDURE

TOPIC 6: JUDICIAL DOCTRINES

TOPIC 7: SECTION 351

TOPIC 8: EARNINGS AND PROFITS

TOPIC 9: NONLIQUIDATING DISTRIBUTIONS OTHER THAN REDEMPTIONS

TOPIC 10: CONSTRUCTIVE DIVIDENDS

TOPIC 11: STOCK DISTRIBUTIONS

TOPIC 12: CONSTRUCTIVE OWNERSHIP

TOPIC 13: REDEMPTIONS

TOPIC 14: BOOTSTRAP SALES

TOPIC 15: SECTION 304

TOPIC 16: SECTION 306

TOPIC 17: ACCUMULATED EARNINGS TAX

TOPIC 18: COMPLETE LIQUIDATIONS

TOPIC 19: PARTNERSHIPS

TOPIC 20: SUBCHAPTER S CORPORATIONS

TOPIC 21: COMPARISON OF ENTITIES

PRACTICE FINAL EXAM: QUESTIONS

ANSWERS

TOPIC 1: SHAREHOLDER-RELATED ISSUES

TOPIC 2: DISREGARDING CORPORATION AS AN ENTITY FOR TAX PURPOSES

TOPIC 3: ASSOCIATIONS

TOPIC 4: DETERMINATION OF CORPORATE INCOME TAX LIABILITY

TOPIC 5: TAX ACCOUNTING AND PROCEDURE

TOPIC 6: JUDICIAL DOCTRINES

TOPIC 7: SECTION 351

TOPIC 8: EARNINGS AND PROFITS

TOPIC 9: NONLIQUIDATING DISTRIBUTIONS OTHER THAN REDEMPTIONS

TOPIC 10: CONSTRUCTIVE DIVIDENDS

TOPIC 11: STOCK DISTRIBUTIONS

TOPIC 12: CONSTRUCTIVE OWNERSHIP

TOPIC 13: REDEMPTIONS

TOPIC 14: BOOTSTRAP SALES

TOPIC 15: SECTION 304

TOPIC 16: SECTION 306

TOPIC 17: ACCUMULATED EARNINGS TAX

TOPIC 18: COMPLETE LIQUIDATIONS

TOPIC 19: PARTNERSHIPS

TOPIC 20: SUBCHAPTER S CORPORATIONS

TOPIC 21: COMPARISON OF ENTITIES

PRACTICE FINAL EXAM: ANSWERS

TABLE OF CASES

TOPIC INDEX

INTERNAL REVENUE CODE SECTION INDEX

TREASURY REGULATION SECTION INDEX