Comp SM_Ch17 - CHAPTER 17 CORPORATIONS INTRODUCTION...

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CHAPTER 17 CORPORATIONS: INTRODUCTION, OPERATING RULES, AND RELATED CORPORATIONS SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 1 Tax and nontax factors in entity selection New 2 Partnership capital gain and withdrawals Unchanged 2 3 Corporation versus proprietorship Unchanged 3 4 Corporate tax versus partnership tax Unchanged 4 5 Corporate versus individual taxation Unchanged 5 6 Expenses to avoid double taxation Unchanged 6 7 New rules for taxation of dividends New 8 Benefits of LLC New 9 Accrual method required Unchanged 9 10 Capital loss treatment of corporation and individual Unchanged 10 11 Capital gain treatment for corporations and Unchanged 11 individuals 12 LTCL of individuals and corporations Unchanged 12 13 Passive loss rules: closely held C corporations and Unchanged 13 PSCs contrasted 14 Tax treatment of charitable contributions for New corporate and noncorporate taxpayers 15 Corporate dividends received deduction between Unchanged 15 related corporations 16 Dividends received deduction Unchanged 16 17 Tax liability of related corporations Unchanged 17 18 Members of combined group Unchanged 18 19 Differences between taxable income and New accounting income 17-1
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17-2 2005 Comprehensive Volume/Solutions Manual Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 20 Start-up expenditures Unchanged 20 21 Compare LTCL treatment for corporations Unchanged 21 and for proprietorships 22 Tax effect of NOL: corporation versus Unchanged 22 proprietorship 23 Tax treatment of income and distributions from New partnership 24 Corporation net income taxation, cash distribution New to owner versus proprietorship with cash distribution, new rules on dividend taxation 25 Comparison of deduction for casualty loss for Unchanged 25 individual and corporate taxpayers 26 Tax liability determination as proprietorship Unchanged 26 or corporation 27 Capital loss of corporation Unchanged 27 28 Comparison of treatment of capital losses for Unchanged 28 individual and corporate taxpayers 29 Capital gains and losses of a corporation; Unchanged 29 carryback/carryover 30 Passive loss of closely held corporation; PSC Unchanged 30 31 Corporate charitable contribution Unchanged 31 32 Charitable contributions of corporation; carryover Modified 32 33 Timing of charitable contributions deduction of Unchanged 33 accrual basis corporation 34 Dividends received deduction New 35 Dividends received deduction Unchanged 35 36 Organizational expenses Unchanged 36 37 Organizational expenses Modified 37 38 Determine corporate income tax liability Modified 38 39 Related corporations Modified 39 40 Related corporations New 41 Brother-sister controlled group Unchanged 41 42 Schedule M-1, Form 1120 New 43 Issue ID Unchanged 43 Research Problem 1 Dividends received deduction New 2 Charitable contribution: amount allowed Unchanged 3 Internet activity Unchanged
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Corporations: Introduction, Operating Rules, and Related Corporations
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Comp SM_Ch17 - CHAPTER 17 CORPORATIONS INTRODUCTION...

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