Corporations
This type of Corporation is treated as a pass through, with taxes paid at the shareholder level.
What is a S Corporation?
These are the names of the 3 Kardashian sisters
Who is Khloe, Kim and Kourtney?
This reporting package is provided to members to report partnership income(loss) items.
What is a K-1?
This notorious gangster committed a lot of crimes, but the crime that put him away was failing to pay taxes.
Who is Al Capone?
The Tax Cuts and Jobs Act (TCJA) included a provision limiting Corporate NOL's by this percentage of taxable income.
What is 80%?
The Federal tax rate for Corporations beginning 2018.
What is 21%?
The name of Olivia Rodrigo’s first number 1 hit single.
What is Driver's License?
This type of person can be an owner in a Partnership.
Who is anyone?
Cuffs are here! This New Jersey native served 8 months in prison for filing falsified tax returns.
Who is Mike “The Situation” Sorrentino?
This accelerated business deduction allows a business to deduct a large percentage of the purchase price of eligible assets upfront.
What is Section 179 or Bonus Depreciation?
What is double taxation?
Hi Barbie! This actress played the role of "Stereotypical Barbie" in the 2023 movie
Who is Margot Robbie?
This LLC has a one owner.
What is a SMLLC (Single Member LLC)?
This singer was charged with defrauding the Spanish government of 14.5 million Euros in taxes between 2012 and 2014.
Who is Shakira?
Beginning December 31, 2021 Illinois Corporations are limited to this amount of NOL when computing taxable income.
What is $100,000?
The number of stock classes within a S Corporation.
What is one?
Taylor Swift is currently dating Travis Kelce who wears this number on the field
What is 87?
This tax, similar to payroll taxes, is charged to active partnership members.
What is self-employment tax?
After her and her husband admitted to avoiding and not paying taxes, this Real Housewives star served 15 months in prison.
Who is Teresa Giudice?
This election allows taxpayers to take the deduction for state taxes to bypass the SALT cap.
What is PTET (Pass Through Entity Tax)?
This type of persons can be a shareholder in a C Corporation.
What is anyone?
In this year, Tom Cruise made his first appearance as “Maverick” in Top Gun.
What is 1986?
The tax rate applied to distributions from a partnership.
What is zero?
This actor was convicted on three counts of failing to file tax returns from 1999 and 2001. After serving prison time, he was most recently ordered to pay $9.5 million in back taxes to the IRS in 2018.
Who is Wesley Snipes?
This code section allows a deduction of up to 20% of eligible income for pass through entities.
What is QBI (Qualified Business Income)?