Question & Answer format.

Each answer needs to be at least 200 words.

Please see attached for the 6 questions.

Question & Answer format. Each answer needs to be at least 200 words. 1. Can you discuss how to compute earnings and profits (E&P)? What income is deferred to a later year when computing taxable income, but is included in E&P in the current year? What deductions are allowed for taxable income purposes, but denied for E&P? 2. Please review the following article. Take note on the decision on what the company plans to do to fund the payments and why, then provide us a summary including whether you agree or disagree. http://www.thedailybeast.com/articles/2013/04/24/apple-stimulates-economythrough-dividends-and-stock-buybacks.html 3. What is the difference between liquidating and nonliquidating distributions? 4. How are gains and losses booked? 5. Discuss voluntary and involuntary termination of an S corporation. 6. Let's discuss partnerships. Discuss Basis and why it is important to understand