Match the term with the proper response. There may be more than one responses for each term.
a.Includes gross receipts derived from royalties, passive rents, dividends, interest, etc.
b.Penalty tax to stop an S corporation from avoiding the corporate tax on disposition of appreciated property.
c.Cumulative total of undistributed non-separately stated items.
d.Tax-free distribution.
e.Generated under old S corporation rules (pre-1983).
f.Items that affect basis but not AAA go here.
g.Taxed as a dividend.
-Built-in gain tax
Correct Answer:
Verified
Q88: An S corporation is limited to a
Q101: The _ and _ limitations apply to
Q102: Match the term with the proper response.
Q103: Match the term with the proper response.
Q105: An S corporation may lose its S
Q107: _ taxation rules do not apply to
Q108: An S corporation in Polly Beach,South Carolina,reports
Q109: Match the term with the proper response.
Q110: An S corporation with substantial AEP has
Q112: An S corporation reports $10,000 DPGR and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents