ACC455 Corporate Taxation Complete Week 4 Download Here Week 4 Individual Week Four Problem Set Complete the problems found in Ch. 4 & 6 of Prentice Hall’s Federal Taxation 2010: Corporations.
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C:6-5 Discussion Question – Tax consequences of distributions (Ch. 6) C:4-29 Problem – Current E&P Computation (Ch. 4) C:4-52 Problem – Comparison of Dividends and Redemptions (Ch. 4)
Read the scenario and respond to the questions. Support your answers with calculations, as needed. Show your work.
Submit your completed assignment as a Microsoft ® Excel®, a Microsoft® Word, or a PDF document. Learning Team Week Four Discussion Question • Sue and Bill plan to open an accounting firm and expect to work full time in the firm. They expect to incur a small loss during their first year of operation and expect to be profitable after the first year. What are the tax law requirements for structuring the business as a partnership or an S corporation? Which would you recommend and why?
Discussion Questions DQ 1 Bob and Dave plan to start a business. Bob will contribute land and Dave will contribute services. Would you recommend this business be formed as a partnership or as an S corporation? Why? DQ 2 What are separately stated items on a K-1? Why is it necessary to separate these items from ordinary income?