Questions from Individual Taxation

Q: How many times is income from a C corporation taxed if a

How many times is income from a C corporation taxed if a retirement fund is the owner of the corporation’s stock? Explain.

Q: Explain why paying a salary to an employee-shareholder is an

Explain why paying a salary to an employee-shareholder is an effective way to mitigate the double taxation of corporate income.

Q: What limits apply to the amount of deductible salary a corporation may

What limits apply to the amount of deductible salary a corporation may pay to an employee-shareholder?

Q: What are the ownership and use requirements a taxpayer must meet to

What are the ownership and use requirements a taxpayer must meet to qualify for the exclusion of gain on the sale of a residence?

Q: Explain why the IRS would be concerned that a closely held C

Explain why the IRS would be concerned that a closely held C corporation only pay its shareholders reasonable compensation.

Q: When a corporation pays salary to a shareholder-employee beyond what

When a corporation pays salary to a shareholder-employee beyond what is considered to be reasonable compensation, how is the salary in excess of what is reasonable treated for tax purposes? Is it subj...

Q: How can fringe benefits be used to mitigate the double taxation of

How can fringe benefits be used to mitigate the double taxation of corporate income?

Q: How can leasing property to a corporation be an effective method of

How can leasing property to a corporation be an effective method of mitigating the double tax on corporate income?

Q: When a corporation leases property from a shareholder and pays the shareholder

When a corporation leases property from a shareholder and pays the shareholder at a higher than market rate, how is the excess likely to be classified by the IRS?

Q: How do shareholder loans to corporations mitigate the double tax of corporate

How do shareholder loans to corporations mitigate the double tax of corporate income?