Research/Planning Problem #1
Due by Wednesday April 20, 6:00 p.m.
Must email to Professor Gould [email protected]
Reconciliation of Book Income to Taxable Income
Ramsey Corporation, a C corporation, reports the foll
Reconciliation of Invomce (Loss) per Books With Income per Return
1 Net income (loss) per books
$650,000 7 Income recorded on books this year not included on this return (itemize):
2 Federal income tax per books
221,000 Tax exempt interest
Homework #2 Fall 2016
1) If a taxpayer purchases for $300,000 land worth $200,000 with an office building valued at
$100,000 on it, how are the two depreciated for tax purposes?
Land is not depreciated
The Office building would be