Partnership
This schedule reports a Partner's Share of Income, Deductions, Credits, etc.
What is form Schedule K-1
This form (number) is used when an entity wishes to make an S-election?
What is for 2553, Election by a Small Business Corporation
A private foundation files this form (number)?
What is form 990-PF.
CRUT stands for?
What is Charitable Remainder Uni Trust
The IRS (Commissioner of Internal Revenue) was created in what year?
What is 1862
This schedule provides a Reconciliation of Income (Loss) per Books With Income (Loss) per Return?
What is Schedule M-1
What is the maximum number of shareholder can a S-corporation have?
What is 100
Stock contributed to a private foundation is subject to what limitation on the individual's form 1040, Schedule A?
What is 20%
The due date for a CRUT return (form 5227) is?
What is April 15th.
This was the highest individual tax rate ever in the US?
94% during 1944 and 1945 (income above $200k or $2.78M today).
Rental Real Estate Income and Expenses of a Partnership are reported on this form?
What is form 8825
For tax years beginning in 2017, for returns filed late, which no tax is due, the penalty is?
UBTI stands for?
Unrelated Business Taxable Income
CLAT stand for what?
What is a Charitable Lead Annuity Trust
Name the actor who plays Alex Trebek in this Saturday Night Live skit?
Who is Will Ferrell.
Liabilities of the partnership for which no partner (or related person) bears the economic risk of loss?
What are "nonrecourse liabilities"
This IRC Section provides the definition of an S-corporation?
What is IRC 1361
Private foundations are considered tax-exempt under what IRC Section?
The regulations allow for a CRUT to pay a "makeup amount" (if certain rules are met). This they CRUT is know as?
What is a NIMCRUT.
What is the name of the Acting Commissioner of the IRS?
Who is David J. Kautter?
"Hot Assets" are defined under what IRC Code Section?
What is Section 751
How many S-type returns (C and S corps) were mailed by the business group last year (within 5 wins the point)?
What is 97.
A private foundation must apply to the IRS for exempt status using what form?
What is form 1023
What IRC Section authorized and governs CRUTs?
What is IRC 664.
This new code section will provide many taxpayers a deduction for qualified business income form a qualified trade or business operated directly through a pass-through entity?
What is IRC 199A