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================================================== ACCT 553 Week 4 Homework
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Chapter 14 1. Please describe the concept of " double taxation " and discuss which entity( ies) are subject to this type of taxation.( 5 pts) 2. What type of taxpayers are considered " eligible " taxpayers with regard to special ordinary loss treatment of IRC Section 1244 stock?( 5 pts.) 3. Please describe how the treatment of capital gains( losses) differ for a C Corporation as compared to an Individual.( 5 pts.) 4. Please describe the concept of " Depreciation recapture ".( 5 pts.) ================================================== ACCT 553 Week 5 Homework
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Jane Smith Case How is the $ 300,000 treated for purposes of federal tax income? Jane Smith Tax Issues:
( a) What are the different tax consequences between paying down the mortgage debt and assuming a new mortgage debt for federal income tax purposes?
( b) Should John and Jane file separate or joint tax returns?

================================================== ACCT 553 Week 4 Homework

For more course tutorials visit www. uophelp. com

Chapter 14 1. Please describe the concept of " double taxation " and discuss which entity( ies) are subject to this type of taxation.( 5 pts) 2. What type of taxpayers are considered " eligible " taxpayers with regard to special ordinary loss treatment of IRC Section 1244 stock?( 5 pts.) 3. Please describe how the treatment of capital gains( losses) differ for a C Corporation as compared to an Individual.( 5 pts.) 4. Please describe the concept of " Depreciation recapture ".( 5 pts.) ================================================== ACCT 553 Week 5 Homework

For more course tutorials visit