What is a terminating event in relation to an S corporation?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
If in a future year the S election terminates the amount in th...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Taxation For Decision Makers 2014
ISBN: 9781118654545
6th Edition
Authors: Shirley Dennis Escoffier, Karen Fortin
Question Posted:
Students also viewed these Business Law questions
-
Go to the Web site for Delta Air Lines, which is linked to the text Web site at www.cengage.com/accounting/vanderbeck. Click on Specials, then Web Fares and do the following: 1. Find a fare departing...
-
Go to the website for Delta Air Lines, www.delta.com, Under Planning Tools, click on "Deals and Offers," then "Weekly Web Fare Specials" and do the following: 1. Find a fare departing from a city...
-
Abstract: This article addresses the education of women in prison in relation to an emerging area of research and policy concern: vocational training. Using interviews with women prisoners in...
-
Local 54 has retained James Love to represent it in a grievance against Dilated Peoples Optical Inc. The union is grieving the employers decision to exclude from the bargaining unit the position of...
-
Hart, an assistant accountant with the firm of Better & Best, CPAs, is auditing the financial statements of Tech Consolidated Industries Inc. The firms audit plan calls for the preparation of written...
-
Lillian Weatherby receives her pay every other week while working for the federal government. Which of the following choices describes her pay frequency? 1. Biweekly 2. Semimonthly 3. Weekly 4....
-
A four-stroke petrol engine sucks during the suction stroke (a) only air (b) mixture of fuel and air (c) only fuel (d) any one of the above
-
For its fiscal year ending October 31, 2017, Haas Corporation reports the following partial data shown below. Income before income taxes .................... $540,000 Income tax expense (20% 3...
-
In the context of bioseparations, what are the latest advancements in chromatographic techniques for purifying biological products, and how do they address issues of throughput, purity, and...
-
You are the Owners project manager on an electrical upgrade project. Existing overhead power lines are being buried in a duct bank to hide them from view in an area of the town that is being...
-
What is the difference between a prospective S election and a retroactive S election?
-
What types of taxes may an S corporation have to pay and under what circumstances?
-
Four different holiday firms which all carried equal numbers of holidaymakers reported the following numbers who expressed satisfaction with their holiday: Is there any significant difference between...
-
Which of the following is a defined benefit plan? A. 403(b). B. 412(i). C. 457(b). D. 457(f).
-
According to Section 7702BTreatment of qualified long-term care insurance, which of the following is not an activity of daily living (ADL): A. Bathing. B. Dressing. C. Transferring. D. Walking.
-
Which of the following types of business cannot establish an ESOP? A. Closely held C corporations. B. C corporation. C. Partnerships. D. S corporations
-
Which of the following is not a characteristic of a defined benefit plan? A. A guaranteed retirement benefit. B. Risk of preretirement inflation assumed by employer. C. Benefits based upon the...
-
Go to the 2013 annual report for Kelloggs Company at http://investor.kelloggs .com/investor-relations/annual-reports and explain why Kelloggs is not classified as a partnership.
-
Explain why, when a company uses FIFO with a periodic inventory system, the cost of goods sold and ending inventory costs are the same as they would be if FIFO had been used with a perpetual system.
-
A certain Christmas tree ornament is a silver sphere having a diameter of 8.50 cm. Determine an object location for which the size of the reflected image is three-fourths the size of the object. Use...
-
Franco owns a 60% interest in the Dulera LLC. On December 31 of the current tax year, his basis in the LLC interest is $128,000. The fair market value of the interest is $140,000. In a proportionate...
-
Pablo has a $63,000 basis in his partnership interest. On May 9 of the current tax year, the partnership distributes to him, in a proportionate nonliquidating distribution, cash of $25,000, cash...
-
Pablo has a $63,000 basis in his partnership interest. On May 9 of the current tax year, the partnership distributes to him, in a proportionate nonliquidating distribution, cash of $25,000, cash...
-
A crane lifts a load with a force of 1000 N over a distance of 10 meters in 20 seconds. What is the average power generated by the crane?
-
An iron block with a mass of 45 000 g rests on an incline plane of 16 to the horizontal. Take the coefficient friction as 0,25. Calculate the following: 1.1 the weight component perpendicular to the...
-
A child jumps from a moving sled with a speed of 2.2 m/s and in the direction opposite the sleds motion. The sled continues to move in the forward direction, but with a new speed of 5.5 m/s. If the...
Study smarter with the SolutionInn App