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Federal Tax Research 10th Edition by Roby Sawyers,William Raabe,Gerald Whittenburg,Steven Gill
Edition 10ISBN: 978-1285439396Federal Tax Research 10th Edition by Roby Sawyers,William Raabe,Gerald Whittenburg,Steven Gill
Edition 10ISBN: 978-1285439396 Exercise 94
The Venganza Tribe is a federally recognized Indian tribal government described in I.R.C. § 7701(a)(40)(A). The Venganza Tribe would like to invest some of its cash resulting from its newly opened casino in a real estate development, Vista de Basura Inc., an S corporation. Is the Indian tribal government an eligible shareholder for S corporation purposes
a. Locate the IRS pronouncement(s) that deals with this situation. State the pronouncement number(s).
b. Review the IRS pronouncement(s). Does it raise a need for new information to solve this question
c. Are you able to reach a conclusion about the research question from this IRS pronouncement(s) If so, what is your conclusion(s)
a. Locate the IRS pronouncement(s) that deals with this situation. State the pronouncement number(s).
b. Review the IRS pronouncement(s). Does it raise a need for new information to solve this question
c. Are you able to reach a conclusion about the research question from this IRS pronouncement(s) If so, what is your conclusion(s)
Explanation
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Private letter ruling refers to the stat...
Federal Tax Research 10th Edition by Roby Sawyers,William Raabe,Gerald Whittenburg,Steven Gill
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