Identify a disadvantage of being an s corporation.
a. estates can be shareholders.
b. the amt on corporations is avoided.
c. tax-exempt income flows through as excludible to shareholders.
d. losses flow through immediately to the shareholders.
e. none of these choices are a disadvantage of the s election.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Identify a disadvantage of being an s corporation. a. estates can be shareholders. b. the amt on corporations is avoided. c. tax-exempt ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Imagine the economy is defined by the consumption function of C = 200 + 0.9 (Yd) where 200 is autonomous consumption, 0.
Answers (1)
William transfers real property with a fair market value of $275,000 and an adjusted basis of $125,000 to Westminster Corporation. He has owned the property for seven years.
Answers (1)
For the tax year, OSH partnership reported a $74,000 ordinary loss and a $28,000 increase in recourse liabilities for which the partners are liable. Ashley, a 50% partner, had an adjusted basis of $15,000 at the beginning of the year.
Answers (1)
Suzanne's Cleaners is considering a project that has the following cash flow data. What is the project's payback? Year 0 1 2 3 4 5 Cash flows - $1,100 $300 $310 $320 $330 $340 A. 2.31 years B. 2.56 years C. 2.85 years D. 3.16 years E. 3.52 years
Answers (1)
Wage and tips income which of the following is true? A only tips paid in cash are taxable B only tips incomes report on form W-2is taxable C tips income is not taxable D all tips income is taxable
Answers (2)
New Questions in Business
Linda underpaid her taxes for the current year by $4,000 due to negligence. a. Calculate Linda's accuracy-related penalty for negligence. $ b.
Answers (1)
A retired person with $200,000 to invest states that "current income" is her main investment objective. Which of the following would be most suitable? (A) High yield bonds and growth stocks (B) Municipal bonds, U. S.
Answers (1)
How do compliments and substitutes affect demand?
Answers (1)
Non-trade receivables should be reported separately from trade receivables. Why is this statement either true or false? A) It is true because trade receivables are current assets and non-trade receivables are long term.
Answers (1)
In general, a visionary organization asks what three types of questions to specify its foundation, set a direction, and formulate strategies? why, when, where what, by whom, how why, what, how how, when, where who, why, when
Answers (1)