1: Can there be a partnership between two corporations?

2: What is the difference between a limited partner and a general partner?

3: Which entities can use the cash method of computing taxable income? Discuss the type of business and gross receipt tests.

4: What are some of the similarities and differences between an S corporation and a partnership? Which type of entity would you prefer for your business and why?

5: How much can an individual give away as gifts each year to a person without having to file the gift tax return? How does this help in the giftors estate tax planning?