THE-WFT08-06-1001-ch_10_V4-SM - CHAPTER10...

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CHAPTER 10 CORPORATIONS: EARNINGS & PROFITS AND DISTRIBUTIONS SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 1 Amount of dividend income Unchanged 1 2 Amount of taxable income; balance in E & P Unchanged 2 3 Computing E & P Unchanged 3 4 Deficit in E & P followed by sale on installment New method; taxation of dividend distribution 5 Computing E & P Unchanged 5 6 Amount of dividend income; deficit in current E & P Unchanged 6 with positive balance in accumulated E & P 7 Allocating E & P Unchanged 7 8 Cash distributions; determination of taxable Unchanged 8 amount 9 Effect of specified transactions on taxable income; Unchanged 9 on E & P 10 Effect of specified transactions on taxable income; Unchanged 10 on E & P 11 Dividend distribution; effect on E & P Unchanged 11 12 Dividend distribution; effect on E & P Unchanged 12 13 Dividend distribution; effect on E & P Unchanged 13 14 Property distribution; effect of gain, loss, liability, Unchanged 14 and differing basis 15 Tax treatment to corporate shareholder and to Unchanged 15 distributing corporation of property subject to a liability 16 Property distribution: choice of property New 17 Property dividend; liability assumed by share- Unchanged 17 holder; determination of E & P distribution of loss property 18 Issue recognition Unchanged 18 19 Constructive dividends Unchanged 19 20 Choice between dividend and deductible payment Unchanged 20 21 Source of dividend distribution Unchanged 21 22 Basis of nontaxable preferred stock dividend Unchanged 22 10-1
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10-2 2008 Entities Volume/Solutions Manual Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 23 Election to receive common or preferred stock New dividend 24 Stock dividend; basis allocation; gain on sale Unchanged 24 25 Stock redemptions in property settlements Unchanged 29 26 Comparison of tax treatment of dividend Unchanged 30 distribution and qualifying stock redemption to individual shareholder 27 Comparison of tax treatment of dividend Unchanged 31 distribution and qualifying stock redemption to corporate shareholder 28 Comparison of tax treatment of dividend Unchanged 32 distribution and qualifying stock redemption to individual shareholder with capital loss carryover 29 Comparison of tax treatment of dividend Unchanged 33 distribution and qualifying stock redemption to corporate shareholder with capital loss carryover 30 Meaningful reduction test in a not essentially Unchanged 34 equivalent redemption 31 Disproportionate redemption; consequences to Unchanged 35 shareholder and effect of redemption on E & P 32 Partial liquidation: tax consequences to individual Unchanged 36 and corporate shareholders 33 Disproportionate redemption [[§ 302(b)(2)]; family Unchanged 37 attribution 34 Stock attribution rule Unchanged 38 35 Corporate liquidation New 36 Corporate liquidation New 37 Salary structure, penalty tax New Bridge Discipline Problem 1 Total return and dividend yield of corporate stock Unchanged 1 Research Problem 1 Earnings and profits and tax evasion Unchanged 1 2 Reasonable compensation
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