WEST CH 3 SOLUTIONS (2007)

WEST CH 3 SOLUTIONS (2007) - Path:

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Path: K:/TL-WFT-05-0802/Application/TL-WFT-05-0802-003_V2-SM.3d Date: 10th April 2006 Time: 21:03 User ID: 40456 CHAPTER 3 CORPORATIONS: SPECIAL SITUATIONS SOLUTIONS TO PROBLEM MATERIALS Question/ Problem Topic Status: Present Edition Q/P in Prior Edition 1 The PAD as a replacement for the ETI New 2 PAD: nature of the tax benefit provided New 3 PAD: various limitations and characteristics New 4 PAD: effect of NOLs on the TI limitation New 5 PAD: effective date as to fiscal year taxpayers New 6 PAD: available on a passthrough basis New 7 PAD: prepared food prohibition New 8 PAD: problem of embedded services New 9 PAD: meaning of ‘‘significant’’ and ‘‘substantial’’ New 10 PAD: ownership of TPP requirement New 11 PAD: examples of DPGR and non-DPGR New 12 PAD: operation of EAG rules New 13 PAD: effect of passthrough provisions New 14 AET and PHC: LLC Unchanged 1** 15 Factors causing AMT Unchanged 2** 16 Adjustments and tax preferences Unchanged 3** 17 Small corporation exemption Unchanged 4** 18 AMT formula Unchanged 5** 19 NOLs and AMTI Unchanged 6** 20 ACE adjustments Unchanged 7** 21 Effect of selected items on determination of AMTI Unchanged 8** 22 Estimated tax for AMT Unchanged 9** 23 Minimizing AMT Unchanged 10** 24 Minimum tax credit Unchanged 11** 25 PAD: relationship to AMT New 26 Sections 531 and 541 penalty taxes: reasons for, current status, effect of dividend distributions New 27 Section 531 tax and reasonable needs of the business New 28 Section 541 tax: avoidance through dispersion of stock ownership New 3-1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Path: K:/TL-WFT-05-0802/Application/TL-WFT-05-0802-003_V2-SM.3d Date: 10th April 2006 Time: 21:03 User ID: 40456 Question/ Problem Topic Status: Present Edition Q/P in Prior Edition *29 PAD: QPAI, TI, and W-2 wages as limitations New 30 PAD: application of TI limitation New 31 PAD: domestic and foreign production and de minimis rule New 32 PAD: DPGR and embedded services New 33 PAD: DPGR and safe harbor as to foreign components New 34 PAD: DPGR and safe harbor as to foreign components New *35 PAD: DPGR and construction projects New *36 PAD: computing QPAI and simplified deduction method New *37 PAD: computing QPAI and small business simplified deduction method New *38 PAD: nonqualifying food services New 39 PAD: consequences of non-EAG status New 40 PAD: consequences of EAG status New 41 AMT liability Unchanged 32** 42 Small corporation Unchanged 33** *43 Calculation of AMT liability Unchanged 34** *44 Calculation of ACE Unchanged 35** *45 Calculation of ACE Unchanged 36** 46 Preferences or adjustments Unchanged 37** *47 Calculation of tentative minimum tax Unchanged 38** *48 Section 531: avoiding ATI through dividend distributions New Research Problem 1 PAD: embedded services New 2 PAD: meaning of ‘‘significant’’ and ‘‘substantial’’ New 3 ACE adjustment: ESOP dividends Unchanged 1** 4 Personal service contract income Unchanged 4** 5 Internet activity Unchanged 5** 6 Internet activity Unchanged 6**
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This homework help was uploaded on 04/06/2008 for the course ACC 355 taught by Professor Mears during the Spring '07 term at Delaware County CC.

Page1 / 14

WEST CH 3 SOLUTIONS (2007) - Path:

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online