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Chp10.MATRIX.compare.Ccorp.Pships.12
Course: TAX 3011, Spring 2012School: UNF
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10 Chp Notes Compare/contrast C-Corp with P-ship Chp 8 Contributions to corp (Sec. 351) *shareholder basis vs. corps basis in asset received *effects of debt *contr. of services Distributions to Owners (shareholders) DIV treatment SALE treatment From available Sec. 302 (Chp 7) E & P (Sec. 301; 1) disproportio Chp 7) nate distribution 2) complete termination 3) 9 Contributions partial liquidation Chp to...
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10 Chp Notes
Compare/contrast C-Corp with P-ship
Chp 8
Contributions to corp (Sec.
351)
*shareholder basis vs.
corps basis in asset
received
*effects of debt
*contr. of services
Distributions to Owners (shareholders)
DIV treatment
SALE treatment
From available
Sec. 302 (Chp 7)
E & P (Sec. 301;
1) disproportio
Chp 7)
nate
distribution
2) complete
termination
3) 9
Contributions partial
liquidation
Chp to P-ship
(Sec. 721)
*outside (owner) basis vs.
inside (entity basis)
*effects of debt
*contr. of services
Sec. 331 (Chp 8)
1) complete
liquidation
Chp 10
Sales (i.e., have new partner)
Distributions to Owners (partners)
1) proportionate vs. disproportionate
a) Non-liquidating (i.e., operating) vs. liquidating
1
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University of Illinois, Urbana Champaign - ECE - 330
University of Illinois, Urbana Champaign - ECE - 330
University of Illinois, Urbana Champaign - ECE - 330
University of Illinois, Urbana Champaign - ECE - 330
University of Illinois, Urbana Champaign - ECE - 330
University of Illinois, Urbana Champaign - ECE - 330
University of Illinois, Urbana Champaign - ECE - 330