TAILIEUCHUNG - Ebook Corporations, partnerships, estates & trusts: Part 2
(BQ) Part 2 book "Corporations, partnerships, estates & trusts" has contents: Comparative forms of doing business, taxes on the financial statements, exempt entities, multistate corporate taxation, tax practice and ethics, the federal gift and estate taxes, the federal gift and estate taxes,and other contents. | CHAPTER 12 S Corporations L E A R N I N G O B J E C T I V E S : After completing Chapter 12, you should be able to: Explain the tax effects that S corporation status has Determine how distributions to S corporation on shareholders. shareholders are taxed. Identify corporations that qualify for the S election. Calculate a shareholder’s basis in S corporation Explain how to make an S election. Explain how an S election can be terminated. Compute nonseparately stated income and identify separately stated items. Allocate income, deductions, and credits to shareholders. stock. Explain the tax effects that losses have on shareholders. Compute the built-in gains and passive investment income penalty taxes. Engage in tax planning for S corporations. CHAPTER OUTLINE Choice of Business Entity, 12-2 An Overview of S Corporations, 12-2 When to Elect S Corporation Status, 12-3 Qualifying for S Corporation Status, 12-4 Definition of a Small Business Corporation, 12-4 Making the Election, 12-7 Shareholder Consent, 12-8 Loss of the Election, 12-9 Tax Planning, 12-29 When the Election Is Advisable, 12-29 Making a Proper Election, 12-30 Preserving the Election, 12-30 Planning for the Operation of the Corporation, 12-31 © Dennis Flaherty/Getty Images, Inc. Operational Rules, 12-11 Computation of Taxable Income, 12-11 Allocation of Income and Loss, 12-13 Tax Treatment of Distributions to Shareholders, 12-14 Tax Treatment of Noncash Property Distributions by the Corporation, 12-19 Shareholder’s Basis, 12-20 Treatment of Losses, 12-22 Tax on Pre-Election Built-in Gain, 12-25 Passive Investment Income Penalty Tax, 12-27 Other Operational Rules, 12-27 Copyright 2012 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has .
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