Extra Credit Research Assignment Question 1 Define the following tems using only the Intemal Revenue Code and the Regulations: 1. Partnership 2. Corporation 3. Disregarded Entity To get credit for your answer, you must cite to the specific statute or regulation which you are relying on. If you choose to quote the statute, please use quotation marks. Question 2: Only qualified dividends are taxed as capital gains. 1. State which code section defines qualified dividends and download such authority for this assignment. Question 3: 1. A business entity must be carrying on a trade or business however, the Intemal Revenue Code does not define what is a "trade or business". a. When there is no definition of trade or business, what authority should you use to determine the definition of a trade or business? b. Download and bring to class the highest source of authority that you could locate on the definition of a "trade or business". Question 1: Define the following terms using only the Internal Revenue Code and the Regulations: 1. Partnership 2. Corporation 3. Disregarded Entity To get credit for your answer, you must cite to the specific statute or regulation which you are relying on. If you choose to quote the statute, please use quotation marks. Question 2: Only qualified dividends are taxed as capital gains. 1. State which code section defines qualified dividends and download such authority for this assignment. Puestion 3: 1. A business entity must be carrying on a trade or business however, the Internal Revenue Code does not define what is a "trade or business". a. When there is no definition of trade or business, what authority should you use to determine the definition of a trade or business? b. Download and bring to class the highest source of authority that you could locate on the definition of a "trade or business