Professional Documents
Culture Documents
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What constitutes
substantial authority for a
position taken on a tax
return? What options do
you have if substantial
authority is lacking?
What is substantial
authority?
What methods of
accounting are available
to a small business and to
a large business? If the
business decides to make
an accounting methods
change, how is this
accomplished?
C:2-6
C:2-40
C:2-45
Distinguish between
current and accumulated
earnings and profits. Why
is it important to make
this distinction?
What is a stock
redemption? What are
some reasons for
redeeming stock? Why are
some redemptions treated
as sales and others as
dividends?
C:3-8 Discussion
Question
C:5-10 Discussion
Question
C:3-35 Problem
C:3-38 Problem
C:6-8 Discussion
Question
C:4-34 Problem
C:4-36 Problem
What is a liquidating
distribution? What is a
nonliquidating
distribution? Provide an
example of each.
What is an inadvertent
termination of an S
election? How does an S
corporation and its
shareholders rectify an
inadvertent termination?
What could happen if a
company fails to rectify
the termination?
C:9-35 Problem
C:11-45 Problem
C:10-4 Discussion
Question (Ch. 10)
C:11-47 Problem )
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