Questions from Individual Taxation

Q: Do after-tax rates of return for investments in either interest

Do after-tax rates of return for investments in either interest or dividend paying securities increase with the length of the investment? Why or why not?

Q: True or False: All foreign taxes are creditable for U.

True or False: All foreign taxes are creditable for U.S. tax purposes. Explain.

Q: True or False: Non-subpart F income always qualifies for

True or False: Non-subpart F income always qualifies for tax deferral until it is repatriated back to the United States. Explain.

Q: Camille, a citizen and resident of Country A, received a

Camille, a citizen and resident of Country A, received a $1,000 dividend from a corporation organized in Country B. Which statement best describes the taxation of this income under the two different a...

Q: Petoskey Stone, Inc., a U.S. corporation,

Petoskey Stone, Inc., a U.S. corporation, received the following sources of income during the current year. Identify the source of each item as either U.S. or foreign. a. Interest income from a loan t...

Q: Colleen is a citizen and bona fide resident of Ireland. During

Colleen is a citizen and bona fide resident of Ireland. During the current year, she received the following income: o Cash dividends of $2,000 from a U.S. corporation stock. o Interest of $1,000 o...

Q: Identify the “per se” companies for which a check-

Identify the “per se” companies for which a check-the-box election cannot be made for U.S. tax purposes in the countries listed below. Consult the Instructions to Form 8832, which can be found on the...

Q: Explain why Congress felt it necessary to enact a gift tax to

Explain why Congress felt it necessary to enact a gift tax to complement the estate tax.

Q: Define fair market value for transfer tax purposes.

Define fair market value for transfer tax purposes.

Q: Under what circumstances will a deposit of cash to a bank account

Under what circumstances will a deposit of cash to a bank account held in joint tenancy be considered a completed gift?