ACC 401 Week 5 DQ 2 Corporate taxation
1 . Discuss the formation of a partnership . Is any gain or loss recognized ? Explain .
3 . How do taxation for the corporate form and taxation for the partnership form differ ?
12 . Can a partner have a salary from a partnership ? Why ? What is a guaranteed payment ?
15 . If a partner owns a 20 % interest , does that necessarily mean that he or she will receive 20 % of the net income from the partnership ? Explain .
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ACC 401 Week 5 DQ 2 Corporate taxation
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Chapter 15 , problems 4 , 6 , 14 and 16 .
4 . Explain the 80 % rule as it pertains to the formation of a corporation .
6 . An individual contributes property with a fair market value in excess of basis to a corporation in exchange for stock . What is the basis of the stock in the hands of the shareholder , and what is the basis of the property contributed in the hands of the corporation ?
14 . A corporation may make a distribution to its shareholders . Depending on the circumstances , in the hands of the shareholder ,