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V2-SM_ch 13 - CHAPTER 13 COMPARATIVE FORMS OF DOING...

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CHAPTER 13 COMPARATIVE FORMS OF DOING BUSINESS SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition 1 LO 1 Legal and tax forms Unchanged 1 2 LO 1, 3 Legal form versus tax form Unchanged 2 3 LO 1 Limited liability company Unchanged 3 4 LO 3 Tax rates: corporation versus individual Unchanged 4 5 LO 2, 3 Limited liability partnership Unchanged 5 6 LO 2 Limited liability: corporate general partner Unchanged 6 7 LO 2 Nontax factors in choosing a business entity Unchanged 7 8 LO 1, 2, 3 Limited liability and loss pass-throughs Modified 8 9 LO 3, 4 S corporation versus C corporation status Unchanged 9 10 LO 3 Distribution policy: C corporation Unchanged 10 11 LO 3 Alternative minimum tax: ACE adjustment New 12 LO 3 Alternative minimum tax: C corporation Unchanged 12 and individual 13 LO 3 S corporation and limited liability company: New state income tax treatment 14 LO 4 Fringe benefits and tax treatment Unchanged 14 15 LO 4 Double taxation and reasonable compensation New 16 LO 4 Avoiding double taxation: debt versus Unchanged 16 equity 17 LO 4 Avoiding double taxation: lease rental Unchanged 17 payments 18 LO 4 Avoiding double taxation: no distributions Unchanged 18 19 LO 4 Accumulated earnings tax Unchanged 19 20 LO 4, 5 S corporation versus C corporation status Unchanged 20 21 LO 4 S corporation: qualification Unchanged 21 22 LO 5 Contribution of personal use assets to a Unchanged 22 corporation or a sole proprietorship 23 LO 5 Recognition under § 351 and § 721 New 24 LO 5 Special allocations Unchanged 24 Instructor : For difficulty, timing, and assessment information about each item, see p. 13-4. 13-1
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13-2 2011 Corporations Volume/Solutions Manual Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition 25 LO 5 Basis for ownership interest: effect of entity Unchanged 25 liabilities 26 LO 5 Basis for ownership interest Unchanged 26 27 LO 5 S corporation as a taxpayer Unchanged 27 28 LO 5 S corporation: distributions Unchanged 28 29 LO 5 Partnership: § 465 at-risk and § 469 passive Unchanged 29 activity loss 30 LO 6 Sale of an ownership interest: sole Unchanged 30 proprietorship 31 LO 6 Sale of an ownership interest: C corporation Unchanged 31 32 LO 2, 3, Entity attributes Unchanged 32 4, 5, 6 33 LO 5 Entity attributes Unchanged 33 34 LO 5, 6 Special allocations: § 754 election Unchanged 34 35 LO 2 Liability exposure Modified 35 36 LO 3 Corporate tax rates: marginal and effective Modified 36 37 LO 1, 2, 3 Choice of business entity: tax and nontax Unchanged 37 factors 38 LO 2, 3 Choice of business entity: tax and nontax Unchanged 38 factors 39 LO 3 Choice of business entity Unchanged 39 *40 LO 3 Single versus double taxation Unchanged 40 *41 LO 3 Alternative minimum tax Unchanged 41 *42 LO 3 Alternative minimum tax: installment sale Unchanged 42 43 LO 4 Fringe benefits Unchanged 43 44 LO 4 Fringe benefits Unchanged 44 *45 LO 4 Reasonable compensation Modified 45 46 LO 4 Shareholder loans to corporation Unchanged 46 *47 LO 4 Shareholder leasing property to corporation Unchanged 47 *48
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  • Spring '10
  • SMITH
  • Corporation, Taxation in the United States, Reflective Thinking Analytic Analytic Analytic | Reflective Thinking Analytic Analytic | Reflective Thinking Analytic Analytic | Reflective Thinking Analytic Analytic Analytic | Reflective Thinking Analytic Analytic Analytic Analytic Analytic Analytic Ana, Reflective Thinking Analytic Analytic Analytic Analytic | Reflective Thinking Analytic Analytic Analytic Analytic Analytic Analytic Analytic | Reflective Thinking Analytic | Reflective Thinking Analytic Analytic Analytic Analytic | Reflective Thinking Ana

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