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Gloria Deal's Advanced Tax Corporate Unit 3 Discussion

Gloria Deal's Advanced Tax Corporate Unit 3 Discussion -...

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Unit 3 Discussion Topic Please respond to these Threaded Discussion Questions. Take time to review the responses of your classmates and provide your feedback. Should dividends paid to corporations be taxed differently than dividends paid to individuals? Why or why not? Professor and Class Main Post, I feel that Yes a corporation and individuals should be taxed differently. I say this because this is how it is being done today and because corporations are being taxed anywhere from 30 to 35% in the income that they make; while individual like myself are being taxed at a different tax bracket which is also lower than the corporation. I know that I wouldn’t want to be taxed at 30% on distributed dividends like corporations. It’s bad enough that when a corporation has already paid taxese on the dividends that we also have to pay taxes on it. Reference: Kenneth E. Anderson, Thomas R. Pope, John L. Kramer, 2011, Prentice Hall’s Federal Taxation,
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Unformatted text preview: Prentice Hall. Review the, “What would you do in this situation?” presented on page 3-8 of your text. What is your opinion of the client's request? Professor and Class Main Post, In my opinion I feel that the client should not use this as a deduction because these transactions are very illegal. I also feel that these types of business expenses are not allowed to be deductions. With this being said if I had a client that had r came to me and requested this I would have to inform them that these transaction could not be used as deductions because they are kickback's as well as being illegal. Reference: Prentice Hall's Federal Taxation 2011; corporations, Partnerships, estates and Trust; Kenneth E. Anderson, Thomas R. Pope and john L. Kramer; Prentice Hall, 2011...
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