Ray Cutter, M.D., incorporated his medical practice. Soon thereafter, he transferred his stock portfolio to the corporation.
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Ray Cutter, M.D., incorporated his medical practice. Soon thereafter, he transferred his stock portfolio to the corporation.
Since Dr. Cutter is the only surgeon in the corporation, all patients automatically expect his services. One year, professional fees were $200,000 and dividends received were $100,000. Is Ray Cutter, M.D., Ltd. a personal holding company?
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Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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