V2-SM_ch 03

V2-SM_ch 03 - CHAPTER 3 CORPORATIONS: SPECIAL SITUATIONS...

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Unformatted text preview: CHAPTER 3 CORPORATIONS: SPECIAL SITUATIONS SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition 1 LO 1 DPAD: availability Unchanged 1 2 LO 1, 2 DPAD: W-2 wage limitation New 3 LO 1, 2, 3, DPAD: various limitations and Unchanged 3 4, 5 characteristics 4 LO 2 DPAD: taxable income limitation Unchanged 4 5 LO 5 DPAD: effective date as to fiscal year Unchanged 5 taxpayers 6 LO 1, 5 DPAD: available on a passthrough basis Unchanged 6 7 LO 3, 5 DPAD: prepared food prohibition Unchanged 7 8 LO 3, 11 DPAD: problem of embedded services Unchanged 8 9 LO 3, 11 DPAD: meaning of significant and Unchanged 9 substantial 10 LO 3, 11 DPAD: ownership of TPP requirement Unchanged 10 11 LO 3 DPAD: examples of DPGR and non-DPGR Unchanged 11 12 LO 3, 5 DPAD: DPGR and operation of EAG rules Unchanged 12 13 LO 2, 5 DPAD: effect of passthrough provisions Unchanged 13 14 LO 5 DPAD: AMT Unchanged 14 15 LO 6 AMT definition Unchanged 15 16 LO 6 AMT: rates Unchanged 16 17 LO 6, 7 Tax preferences New 18 LO 7 Intangible drilling costs Unchanged 18 19 LO 6, 7 NOLs and AMTI Unchanged 19 20 LO 7, 8 ACE adjustments Unchanged 20 21 LO 6, 7, 8 Effect of selected items on determination Unchanged 21 of AMTI 22 LO 8 ACE versus E & P New 23 LO 6, 7, 8, Minimizing AMT Unchanged 23 11 24 LO 8 ACE New 25 LO 8 Exemption amount New 26 LO 10 ATI: adjustments Unchanged 26 27 LO 10 ATI formula New Instructor : For difficulty, timing, and assessment information about each item, see p. 3-3. 3-1 3-2 2011 Corporations Volume/Solutions Manual Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition 28 LO 10 Aggregate tax rate New 29 LO 1 Maximum DPAD tax savings Modified 29 *30 LO 2 DPAD: QPAI, TI, and W-2 wages as Modified 30 limitations 31 LO 3 DPAD: domestic and foreign production Unchanged 31 and de minimis rule 32 LO 3 DPAD: DPGR and embedded services Unchanged 32 33 LO 3, 4 DPAD: DPGR and safe harbor as to Unchanged 33 foreign components 34 LO 3, 4 DPAD: DPGR and safe harbor as to Unchanged 34 foreign components *35 LO 3 DPAD: DPGR and construction projects Unchanged 35 *36 LO 2, 3, 4 DPAD: computing QPAI and simplified Modified 36 deduction method *37 LO 2, 3, 4 DPAD: computing QPAI and small Modified 37 business simplified deduction method *38 LO 5 DPAD: nonqualifying food services Unchanged 38 39 LO 2, 3, DPAD: consequences of non-EAG status Modified 39 4, 5 40 LO 1, 2, 5 Partnership: maximum DPAD tax savings Unchanged 40 41 LO 6, 10 Calculation of tax payable New 42 LO 6 Small corporation Unchanged 42 *43 LO 6, 7 Calculation of AMT liability Modified 43 *44 LO 8 Calculation of ACE Modified 44 *45 LO 8 Calculation of ACE Unchanged 45 46 LO 6, 7 AMT exemption Unchanged 46 *47 LO 10 Section 531: avoiding ATI through Unchanged 47 dividend distributions *48 LO 10 AET: effective tax rate New *The solution to this problem is available on a transparency master....
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V2-SM_ch 03 - CHAPTER 3 CORPORATIONS: SPECIAL SITUATIONS...

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