32 Which statement is incorrect? a.S corporations are treated as partnerships for Federal income tax purposes....
32
Which statement is incorrect?
a.S corporations are treated as partnerships for Federal income tax purposes.
b.S corporations are treated as corporations under state law.
c.Distributions of appreciated property are taxable to the S corporation.
d.All of these choices are correct.
CAN YOU PLEASE EXPLAIN YOUR REASONING FOR THE QUESTION? THANKS.
Homework Answers
All of these choices are correct.
S corporations are treated as partnership for income tax purpose, while in case of state property laws, it's a corporation.
Liquidation of C and S corporation also will be treated in same way for tax purposes,
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32
Which statement is incorrect?
a.S corporations are treated as partnerships for Federal income
tax purposes....
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