Chapter 4

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For fr resonable. pre 8 chasis for hing income to their harcholere Devening en i tl cen ofthe dade heer pooner *caraton nor rete pagment ily eto pel So ‘ext soporatns nt owtagh ens the ne hat he pete ‘Seco saad wi dott ele pepe nde Stent neering ogc gh Tides king decile pacts thistle, exiting earort ‘ig ly nl he ao epson Tr comering nt Now thoaenter Fi $n Scommraonlowsoagh ot). thy ste eight dosa, Tian SEs aay corn dst recto prog ferthesintolderto haat te corperson vd orm he nea part Ieper LLC Thay ot be wae pon, noweve: can th mss ‘remeron above gua erporaon ar dom thespian te ecg ey debate chlo spar ean, Pe ttefae marta of the ants they meee from the udntine corporation ‘hatter ck ay el att to ie ‘Wis atl sons coor iain the deuce pays ‘itn, a sto otc one om ess Mow enti! 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(€e3) Acting oe how ae po a fe leo LLC ‘Sette How ae hey sett Scorn sealer Whi ely esprit alan prof salon 46 (Ua) Comat nd cota th FICA a ure ef Sorporo hare Stee an LLC emer ecg compton er eri een) {Beene cn ante Saran itunes avi How da Sor ata na iowa ae Stacey oie in theentisbusnes ar (4) Tan ow tf an LLC ofa Scorn a te at ‘aan cher may dtc Da eters fee CLs Scorpion 48, (U3) To wt even api nd loses tte ute cone! ‘he ComporionsS croratonso frnesops ue’ Doh t ‘arin hr cn ine cra cts robe Wig a —— CONFIRMING PAGES tanta 0mm ante gq 19.1493) onsen a corperns eth es ee {hughes fon ese ny ta owner eter on fo wr he ‘testo tx apne Li sunny x to uy he eon {Gopentsr tn L o Scorgarion (Tee teas its come C PROBLEMS 57 0 vipa We ena crm ee gee ‘ping rset po orate ‘9. Lat) Fron wold He orgaise SHO ani an LLC Corpor ‘stl ca iy cna DO ‘Banca asad vendita 13 poet SHO wil pay out ‘Patel cmap yon eddind i ln Ccaparaon Rutt Bom le se oe afd cy ndipor ose nes © [ieoraes Ceara! uate pals SHO oranda LLC Ccooraton” ‘Sherine pent eco 455000 meee A ‘Snel dcr pec an nl ‘Bec yerrava den if tin formed aa corporation. Assume von fhe _Slesunerat the city ta iporeteanoyet ses 1 Wrath al nti SHO oni wera LLC ora “4. (409) ek wl he rpc PPS ase an LLCO a Capon (sherpa veut or SUD testes ‘tune did ony mes pan oqpante aes ec, ‘Surtees irneseey yar 8a deni somal coor Manat cs heoiceer of tent and wor element ace chor ram LE 1 Matartbe rn cre PHS orem LLC ore (403) angie ib asa reach ol ees eh ty da (sete on epertegome Baton ow tac sn tee roe 56 U3) Arey of potable operas eth shoe Git ies Serpe tld tate ar }8D soko 240 In ‘TCeorralon isc dusty Dorn te eae yea Sie ara ame 8D srs al ee ~- conrmMneracts <4 ata Jeon sisi — at are te 26 care canon mila i 5 pert. How ch x will ZNO pn eden it ‘che tom JUDY Wht ZNO' vel as ate on edad eo Pin er IR E630) ‘57. (3) Forth caren yee cata Cat Seis ne. (CCS), €crpnion, ‘Rs te 0 te nn oe se Sten Srdcodeane Auame sven te ispenat 's Hlwh tno a il Case Cal Sev arm yom Wigs thane part ert he net a ‘5. (4a) Forth caren ya, Mare Corporation Cengran eer ale ‘nots So reponse, ae Danek ‘na atone 5 ect a pron end Ince Moe ay Die yo SEO the RS tera at Dine sy co S00 renal copes we ‘vata the dae moet en Nps 2000 play nme Ase ‘Miche mt pot and ders areas 0 Dae 59. 4a) San Corp. yo tha whe one of 150 fr be rte ie ign Ae aes cre 1 What isthe amount a he dbname tt on San $1500 of re {epee Sano Cor dosnt ay a ay ge Dene i {is aera angio Raa 1 What the aowa of th dol ineme tat on e+ $1500 re ‘rt nce Sty Cory pape Kec adopton xp S00 fame scolar Soy «Whats the amount a th due neato Say $000 pre ‘Sct nc if Endy Cay pyar adoption ope $0500 ‘elim tear gees ol Com ©, (488 Shar Comportin a Corporation pve tat whe table fl 000 ee ring ay ees egens ar a pe Ser Abd art nie cholerae apt ef 35 person iiloritafectarcaminp toate 2 Witting ot do a hr Co $3000 pe ‘le barber, AB mee 1s Wats te atoun of te dou ao Sahar Carn 530950 pee uae heres fr Ata SD harsh mou of doe ao ae Coens 30050 pees ‘pene acme abr Cam sequent ve Aba a cat of Soo ore erat be RS decsins that ema aac ele eye Sf" > QA ennsecmeninge meuniere enn 6,08) a corporation pe i ne ea inane he Sear anny rm ps Ame Na at 1th ede one fie ne ‘Se begining th yea Nt pays Haze 800 of ners on oan itil et. dee Ane sina. the Sei nt he thou tas un Gaps onset ep cng (2408) Ubinas Conon Blanks ha et cou of aca ose Ao odiarete ts eangr wie nde onc icantopve ‘ieee ce 5 te re eae toe iit So io Ine Cone, He F201 Cie 85) 18,109) Ae tee holo QL, eid hate woul pune Sh nen Qu Sn ling QU Sh ve mol sou ony i or nth How moe eae pment fe {re wi pet tba Abe end GLP? (4, 03) tnt en of os SCC Carporion 4 Cerone SSretsrpaones of 0D Us the soe ae ale ‘eine how el a SCE wl oy year i sopra some 4 foot opeutn oan is ear erences 65,409) In ttn er of tenes Wow Con ceo) pats IBS ctax proto Sh Inger 4 septs Slo Fer jar, ‘repr tae meta pean of S080 bey say free ane tome orem ech ow 6 (4.03) Damm 501 omer of Hoop ami athe ce ‘velar ce oa olor Heo Foner Sgn hop se How Dantas Daratas wos line Hgo emt conn Bea Pe inetrnop) Damaes as #3000 tas ns op om hip inert end ea hos Sans snure aent Hoops drnt eaten oe om ae le ess. LSet ow nk the SOL nr acto he Tops Bees wed osu hye” amreat Damas oe tr fo Hop al hea aie tres [iio Bastar 0 a noo meri eet ‘suo Sbaiak amoue ne mess Hoos Dac {octet pot ne or en any oer bie acy inet ie hoo inp Dene — CONFRMINGRAGES aagta evenness ener Kren anatrnt e er Sipeceruatn tno a oe ay einem meas iphone Fyre egos See ee Signeenicenanenctaaeecemeres Eiecpemnnaeeomnaa eerrecmeee ies at chatter Seen aera Eiegmemnicesaame nerteeeneiees sac hiitecetace acreage zetia cigars ea fghtaos ant teeecereretarater Soeteer ae camer tance, Eos Hiiecaimmy rete ice rccsnemer em ancnee! farcry {ae cin Sintec tenn st a to et eer org eiemneennge cece, ee teeter caer eee res A iaoeenerars, aoe toemeee Coo ret eo sea oe arama mute Se eeriaimerear ancy eee ey ee ae echt ito ths dat ited qi betwen het omer. Ae ang te no secu whats Rado at asin is RAL, 1 Ate aking te anno nec, whats Rondo a ain bis RAL «Aten se an ae wha Rondo a asin bi RAL ‘roe RAL foes asa LLC —— CONFIRMING PAGES spa BOA, 70. 103) Kevin aud ob te oe end pene SO a Corpora ra ‘Ginter er en ye teeny, Ke an Bo ek en {ics SToudbee SOA. Tey ea ane sent ta 1000 hl ‘SOA wnenp ners Klann oe Ske sore the eno ee ‘Sosows SOR doctor tine sn ns ane vw Minin aa Sone ee va ‘oo, Acthe ch of se 5, Sigua a rite a ote ba of tno anise came tern ah ‘Gaal na or jear Sn 90. Als, astm that SOA ers to pay aX, 1 Whitham charac sino Kei wilson when ‘cer tbligdaing ser af cand ope Rest chit ‘ook os snob bere hing sod ta or he COMPREHENSIVE PROBLEMS 7M Reopen wore sheen oa eo wa ico athe isn fr armpit Tn hex event Poni heat ho dvloped anes i of entctatha shoul ewe ar len he chro une eye a eh ly eva ile ‘Salon colotbtouch when x: Sts hs ha cer eyo het ‘Stag lr sn te hae content pen theese ne Tein Wi excurasneBenn ned ging ous hgh a Jpeool tau Coture (C1) ongmating ep Dem ad cng ines yd en har nebangon 2 ‘utGeig so este Be ead ate ‘Romine tne tobe rae Ahr she bepress the en Selle ge buns lp seme aoa ‘comers wth sh cal cui ha evs ow sess ao ‘Gatagayieses in CT: Lda bas an MBA and ew dees She wa er ‘oy utes cant wh se od eee ht ah wore [1a awn ant hi Ln harness 00 ore [Bre (plyns Mie nsw poe dar nee Rec ‘Erunching nd css ae erie inbceming coy 2 [png essoren _— conmmnaracrs seocnamanasrarne sn oimontnn mate srt -a.aptara| Fan, meanness avons {Par tt nt esomen sie ear ia CC: He wanted tino teu oer ee be ‘yesh rau and eee C1 wb wiy cna Wile CTC ‘ral has ees Da ni nt los o po he sis ‘leet mare oreo und espa fa “Ted nme ape ht Dun woul conist an anda or sonra ink wl ts os ea frie tw er fr 30 pen nen nd Me mal coe tne uh ora perce The an ale ov Dayna ids oe ‘teen angi the tues le Make wou tbe Tete on nn Atte ome ‘tin top, Dero nd Lina mae the floning eer inone and sete CT Ty teers en ak ‘ee omen ne eon ila ts Dawn wo tak postr he ites teclecaon an ns wate eons rte: Fah hey wo cl lobar SD pun ang ows msm ‘Shand adalat erat et ono Anne a toad, Dave Lid sang Cro Sh foal ‘Siete cai i CTC wary ae ag ein tt and motes re tha nay er aos ‘pps das hw thy ae ea athe cht a ny dso oe TC 7 ce oe Cookware (CTC) hase baer aout 10 ent a. ‘Bran ingress pean omnes of he buns Ty aly ke thease cottons CTC anata nite Sete ht ia cl the uch en eC ha bes ay —$- CONFIRMING PAGES ptr BOA, ememonemnine a etnies nat att OA nye henna Tey hae dope nso pon ite ‘Ts ue hr oleic and ei ha, Bw and ind len, sonic hsuns hc of Sepcmber th econ Fist th maki of alle tm Notetin CTC asset opesd nate CTs cided annum accuse ‘ipa nursed une une tec etd und aero ‘Sryne dieing eben’ cueing ‘on roman ofthe arent ee ho Selene 0, CT parte ‘Ses om ee fume ‘Bann and Lindssrecmiltng change heb ao CTC 1 Aan CIC opined a2 Corporation el sgn an ‘tier cad hcg CTC oma Cenportion to ‘Bloor or See RC Ju f007.) SSTLE Assume CRC covers tan LLE by debating west ‘Saris vin thn abet e/a eC Session 1 Aisne c CFC Corporton witha at ape carnforant ‘otic tepaning the yori tbe oun of 20 ely si ‘Satu arta rs cae wan cnmering CTC tra cnpr {Giushusholer ufo rhen cntitetRe ects tot new LLC [He Ine g30 eta) Sa ad EI) —>- CONFIRMING PAGES aster sees cia en ast a ‘enuroronigenie asin nme BOA, (emcoe ‘Ugo completing ths caper, ou sould bee: Desrtethe corporat income ta oem, compa contrat the corporate tothe individual ax form dlscuss tax considerations relating to corporations accounting periods and accounting methods Meniy common book-ixdlference, distinguish between permanent and tempornydileences, apd compute corporation's tunable income and ela ax ality Deserte a coportion’ ax rtum reporting and etimated tax payment obligations Explain how to ealeuate x corporation’ altemative minimum ax iby, _ CONMRMING RAGES ase

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