7090931-Solutions - CHAPTER 18 CORPORATIONS: DISTRIBUTIONS...

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CHAPTER 18 CORPORATIONS: DISTRIBUTIONS NOT IN COMPLETE LIQUIDATION SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 1 Taxation of corporate distributions Unchanged 1 2 Definition of earnings and profits Unchanged 2 3 Comparison of accounting methods under E & P Unchanged 3 and income tax 4 Effect of distribution, taxable dividend or return Unchanged 4 of capital, in selected situations 5 Effect on E & P of gains and losses from property Unchanged 5 transactions 6 Planning corporate distributions—beginning or end Unchanged 6 of tax year 7 Purpose of property dividend versus cash dividend Unchanged 7 8 Property distribution: choice of property Modified 8 9 Issue ID Unchanged 9 10 Impact of liabilities on tax treatment of property Unchanged 10 distributions 11 Issue ID Modified 11 12 Issue ID Unchanged 12 13 Selected factors in determining reasonableness of Unchanged 13 compensation 14 Importance of double taxation to corporate and Modified 14 individual shareholders 15 Unreasonable compensation Unchanged 15 from corporation 16 Issue ID Unchanged 16 17 Sale or exchange versus dividend treatment on Modified 17 redemption 18 Basis of property received in a qualifying stock Unchanged 18 redemption 18-1
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18-2 2004 Comprehensive Volume/Solutions Manual Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 19 Effect of state law on tax treatment of stock New redemption 20 Family members included as “related parties” in Unchanged 19 attribution rules 21 Attribution from and to an entity New 22 Basis of stock in a nonqualified stock redemption Unchanged 21 23 Requirements for a not essentially equivalent New redemption 24 Issue ID Unchanged 22 25 Redemption to pay death taxes; attribution rules Unchanged 23 26 Redemption to pay death taxes; 35% test Modified 24 27 Issue ID Unchanged 25 28 Gain/loss recognition to corporation on redemption Modified 26 distribution 29 Amount of dividend income Modified 27 30 Amount of taxable income; balance in E & P Unchanged 28 31 Deficit in E & P followed by sale on installment Unchanged 29 method; taxation of dividend distribution 32 Cash distributions; determination of taxable amount New 33 Cash distributions; determination of taxable amount; Unchanged 31 gain on sale of stock 34 Cash distributions; determination of taxable amount Unchanged 32 35 Effect of specified transactions on taxable income; Unchanged 33 on E & P 36 Effect of specified transactions on taxable income; Unchanged 34 on E & P 37 Tax treatment to corporate shareholder and to Modified 35 distributing corporation of property subject to a liability 38 Taxation of dividend when E & P has positive Unchanged 36 balance but corporation has current loss 39 Property distribution; taxation to shareholder and Modified 37 to corporation 40 Issue ID Unchanged 38 41 Constructive dividends Unchanged 39 42 Property distribution to corporate shareholder; basis
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7090931-Solutions - CHAPTER 18 CORPORATIONS: DISTRIBUTIONS...

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