CHOICE OF BUSINESS ENTITYGENERAL TAX AND NONTAX FACTORS/FORMATION
What are the primary nontax factors to consider when choosing a form for doing
When choosing a form for doing business, the number of owners, ability to limit
The chapter noted that all depreciable property is subject to the depreciation recapture
rules. What is the intent of the depreciation recapture rules?
The intent of the depreciation recapture rules is to reclassify
How do liabilities affect the basis of a partner's interest in a partnership?
Basis is increased by a partner's share of partnership liabilities, or partnership
Partnership debt assumed by a partner and the partner's share of
partnership debt are
CHOICE OF BUSINESS ENTITY - OTHER CONSIDERATIONS
84. Stanton Technology owns 100% of Goldman Corporation, a controlled
foreign corporation. Goldmans taxable income from its manufacturing
operations is $3.0 million and it does not pay a divide