What is the a percentage of C Corporations that distribute stock dividends.
100
These are costs incurred at the creation of the partnership and are capital in nature.
What are organizational costs?
100
A nondeductible distribution to the shareholders of a corporation.
What is a dividend?
100
This is an association of two or persons that is formed to carry on a trade or business.
What is a partnership?
200
When a corporation computes tax on its taxable income using the its taxable income using the corporate tax rate schedule. Then the corporation distributes its own income to their shareholders which is reported on their own income statement.
What is double taxation?
200
Under this type the measure of the constructive dividend is the excess of the property's fair rental value over the rent actually paid.
What is the bargain rental of a corporate property?
200
This payment is made for services performed by a partner or for the use of a partner's capital.
What is a guaranteed payment?
200
A partner's basis in his or her partnership interest.
What is the outside basis?
200
Interest is deductible and shareholders are not taxed on debt repayments unless the repayments exceed basis.
What are the advantages of issuing long-term debt?
300
Types of property including any physical or intangible assets.
What is the section 351 definition of property?
300
This is the type of constructive dividend recognition when the shareholder recognizes dividend income to the extent of the fair rental value of the property for the period of its personal use.
What is the shareholder use of corporate-owned property?
300
There are currently only a limited body of case laws pertaining to an LLC.
What is the disadvantages of forming an LLC?
300
This type of property is contributed to a corporation under Section 351 or as a contribution to capital that has a basis in excess of its fair market value.
What is built-in loss property?
300
None of the members of this type of business entity are personally liable for the entity's debt.
What is an LLC?
400
This amount is 80%.
What is the percentage of a controlling ownership in a business entity?
400
This is the measure of the economic capacity of a corporation to make a distribution to shareholders that is not a return of capital.
What are earnings and profits?
400
This type of distribution reduces the basis in the partnership interest.
What is a noncash distribution?
400
It occurs when a corporation distributes its net assets to its shareholders and ceases to be a going concern.
What is corporate liquidation?
400
Guaranteed payments to partners are reported here.
What is a schedule K-1
500
Dividends received deduction and organizational expenditures deduction.
What are the different types of deductions available only to corporations?
500
To acquire the holdings of a retiring or deceased shareholder is an example of one.
Why does a stock redemption occur?
500
Form 1165 is due on this date.
What is March 15?
500
The financial accounting analog of a partner's tax basis in the entity.
What is a capital account?
500
This occurs when shareholder debt is high relative to shareholder equity.