V2-SM_ch 15

V2-SM_ch 15 - CHAPTER 15 EXEMPT ENTITIES SOLUTIONS TO...

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Unformatted text preview: CHAPTER 15 EXEMPT ENTITIES SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition 1 LO 1, 6 Exempt organizations: church Unchanged 1 2 LO 1 Exempt organizations: purpose Unchanged 2 3 LO 1 Exempt organizations: types Unchanged 3 4 LO 1 Exempt organizations: types Unchanged 4 5 LO 2 Exempt organizations: characteristics Unchanged 5 6 LO 3 Exempt organizations: other benefits Unchanged 6 7 LO 3 Exempt organizations: prohibited Unchanged 7 transactions 8 LO 3 Exempt organizations: lobbying Unchanged 8 expenditures 9 LO 3 Exempt organizations: lobbying Unchanged 9 expenditures 10 LO 3 Exempt organizations: lobbying Unchanged 10 expenditures 11 LO 3 Intermediate sanctions New 12 LO 3 Feeder organization Unchanged 12 13 LO 3 Feeder organization Unchanged 13 14 LO 4, 5 Private foundation: definition and Unchanged 14 disadvantages 15 LO 4 Private foundation: definition New 16 LO 4 Private foundation: external and internal Unchanged 16 support tests 17 LO 5 Private foundation: taxes imposed New 18 LO 5 Private foundation: tax on investment Unchanged 18 income 19 LO 5 Private foundation: tax on excess business Modified 19 holdings 20 LO 5 Private foundation: tax on jeopardizing Modified 20 investments Instructor : For difficulty, timing, and assessment information about each item, see p. 15-4. 15-1 15-2 2011 Corporations Volume/Solutions Manual Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition 21 LO 5 Private foundation: tax on taxable Unchanged 21 expenditures 22 LO 4, 5 Private foundation: excise taxes Unchanged 22 23 LO 6 Unrelated business income tax Unchanged 23 24 LO 6 Unrelated business income tax: definition New 25 LO 6 Unrelated business income tax: definition Unchanged 25 26 LO 6 Unrelated trade or business Unchanged 26 27 LO 6, 8 Unrelated trade or business versus feeder Unchanged 27 organization 28 LO 1, 6 Unrelated trade or business Unchanged 28 29 LO 6 Unrelated trade or business: regularly Unchanged 29 carried on test 30 LO 6 Unrelated trade or business: bingo games Unchanged 30 31 LO 6 Debt-financed property: exception Unchanged 31 32 LO 1, 7 Obtaining exempt status Unchanged 32 33 LO 1, 7 Annual filing requirements and obtaining Unchanged 33 exempt status 34 LO 7 Annual filing requirements New 35 LO 7 Disclosure requirements Unchanged 35 *36 LO 1 Exempt organization: types Unchanged 36 *37 LO 2, 3 Exempt organization: lobbying expenditures Unchanged 37 38 LO 3 Exempt organization: intermediate sanctions Modified 38 39 LO 3, 6, 8 Feeder organization Unchanged 39 *40 LO 3 Feeder organization Modified 40 *41 LO 4 Classification as a private foundation Modified 41 *42 LO 5 Private foundation: tax on net investment Unchanged 42 income 43 LO 5 Private foundation: tax on failure to Modified 43 distribute income 44 LO 5, 8 Private foundation: tax on jeopardizing Unchanged 44 investments 45 LO 5 Private foundation: tax on taxable Unchanged 45 expenditures...
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This note was uploaded on 11/13/2010 for the course BT 315 taught by Professor Smith during the Spring '10 term at Ohio State.

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V2-SM_ch 15 - CHAPTER 15 EXEMPT ENTITIES SOLUTIONS TO...

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