Shareholders of C corporations receiving property distributions must recognize dividend income equal to the fair market value of the distributed property if the distributing corporation has sufficient earnings and profits.
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Q6: Corporations are legally better suited for taking
Q7: Sole proprietors are subject to self-employment taxes
Q8: Unincorporated entities with only one individual owner
Q9: S corporations have more restrictive ownership requirements
Q10: Sole proprietorships that are not organized as
Q12: Limited partnerships are legally formed by filing
Q13: Unincorporated entities are typically treated as flow-through
Q14: LLC members have
Q15: In certain circumstances, C corporation shareholders can
Q16: For tax purposes, only unincorporated entities can
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