Questions from Individual Taxation

Q: Explain the difference between separate-return states and unitary-return

Explain the difference between separate-return states and unitary-return states.

Q: Eagle Inc., a U.S. corporation intends to create

Eagle Inc., a U.S. corporation intends to create a limitada in Brazil in 2016 to manufacture pitching machines. The company expects the operation to generate losses of US$2,500,000 during its first th...

Q: Calculate Anaheim Corporation’s excess net passive income tax in each of the

Calculate Anaheim Corporation’s excess net passive income tax in each of the following alternative scenarios. a. Passive investment income, $100,000; expenses associated with passive investment income...

Q: Explain the rationale for the factors (functional integration, centralization of

Explain the rationale for the factors (functional integration, centralization of management, and economies of scale) that determine whether two or more businesses form a unitary group under the Mobil...

Q: Compare and contrast the reasons why book/tax and federal/

Compare and contrast the reasons why book/tax and federal/state adjustments are necessary for interest income.

Q: Compare and contrast the ways a multistate business divides business and non

Compare and contrast the ways a multistate business divides business and non-business income among states.

Q: Root Beer, Inc. (RBI) is incorporated and headquartered

Root Beer, Inc. (RBI) is incorporated and headquartered in Seattle, Washington. RBI runs an Internet business, makerootbeer.com, and sells bottling equipment and other supplies for making homemade roo...

Q: Contrast the treatment of government sales and dock sales for the sales

Contrast the treatment of government sales and dock sales for the sales apportionment factor.

Q: Most states have increased the weight of the sales factor for the

Most states have increased the weight of the sales factor for the apportionment of business income. What are some possible reasons?

Q: Compare and contrast federal/state tax differences and book/federal

Compare and contrast federal/state tax differences and book/federal tax differences.