Unformatted text preview: 3) Corporate Tax Formula 4) Organizational Expenses 5) Dividends Received Deduction 6) Reconciliation of Book/Tax Income 7) Shareholder Basis, treatment of dividend distributions Chapter Eleven 1) Entities taxed as Partnerships, different types of partnerships 2) Partnership Taxation and Reporting 3) Ordinary Income vs. Separately Stated Items 4) Loss Limitations 5) Guaranteed Payments 6) Partner’s Basis in Partnership 7) Related Party Rules Chapter Twelve 1) Requirements to be an S Corp 2) Tax treatment of S Corp Income (e.g. Separately Stated vs. Ordinary Income) 3) S Corp Shareholder Loss Limitations 4) Shareholder Basis 5) Allocation of income/loss items NOTE: YOU WILL BE GIVEN THE TAX RATE SCHEDULES, AND THE DEPRECIATION TABLES. AS A REMINDER, YOU ARE ALLOWED TWO 8 1/2" BY 11" PAGES OF NOTES (YOU CAN USE THE BACK AND THE FRONT). YOU NEED A BROWN SCANTRON....
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- Fall '08
- Depreciation, Depreciation recapture, tax treatment