Federal Taxation: Corporations, Partnerships, Estates & Trusts Corporate Acquisitions & Reorganizations - Tax planning considerations Why use a reorganization instead of a taxable transaction Avoiding the reorganization provisions Reorgan Continue Reading...
LLC & Partnerships The objective of this study is to answer the questions of what similarities exist between LLCs and Partnerships and what are the benefits of an LLC over a Partnership as well as what issues may arise with the taxation of a tr Continue Reading...
" Since their inception, a number of LLC statutes have been adopted across the country and becaue of the RULLCA initiative, the various jurisdictional disparities are slowly being replaced with more uniform approaches and interpretations. According Continue Reading...
Tax Code 1231, 1245, 1250, 291 A Section 1231 asset is an asset that is non-capital, that it may receive capital gain treatment. To be a Section 1231 asset, the asset must be personal or real property used in a trade/business that has been owned for Continue Reading...
corporation is a regular corporation that opts to tax its profits at the personal income tax level. An S corporation must prepare and file an income tax return, but itself pays no tax (if it complies with all of the technical and complex rules of th Continue Reading...
So your wife can renounce the business given to her and then pass it without gift tax to the children. Disclaimers must be made within 9 months of the death of the first decedent if they are to avoid gift tax. An appropriate disclaimer may also be a Continue Reading...
Businesses are the cornerstone of a capitalistic society. Businesses often drive economic growth and overall societal prosperity. In many instances, business can enhance the overall quality of life of those living in civilization. Looking back briefl Continue Reading...
This is because several disbursements are made to one partner. Secondly, there are installment payments to partners prior to the complete realization of assets. This involves a worksheet preparation for each partner. This computation has two disadva Continue Reading...
Small Business Uncovering Critical Success Factors for Starting a Small Business Venture Small businesses have been considered the mainstay in countries around the world. In many European countries for example, the small business has been considere Continue Reading...
Tax Case Study Requirement Tax code section 721 "provides that no gain or loss shall be recognized to a partnership or to any of its partners in the case of a contribution of property to the partnership in exchange for an interest in the partnershi Continue Reading...
This is unlike the C Corporation where shareholders are taxed only when they receive dividends. This provision becomes unethical since it subjects the shareholders to losses and denting of their other sources of income. According to the Internal Re Continue Reading...
3 million buildings and plots of land. If it can conservatively be assumed that a minimum of five persons are affected for each business and a minimum of two persons for each building, then some 5 million people are directly involved in property-rest Continue Reading...
