Questions from Individual Taxation

Q: Explain when an acquiring corporation would prefer to buy the target corporation’s

Explain when an acquiring corporation would prefer to buy the target corporation’s assets directly in an acquisition.

Q: If entities taxed as partnerships and S corporations are both flow-

If entities taxed as partnerships and S corporations are both flow-through entities for tax purposes, why might an owner prefer one form over the other for tax purposes? List separately the tax factor...

Q: Describe the applicable credit and the purpose it serves in the gift

Describe the applicable credit and the purpose it serves in the gift and estate tax.

Q: In a stock acquisition, describe the difference (if any)

In a stock acquisition, describe the difference (if any) between the tax basis of assets held by an acquired corporation and the tax basis of the shares held by a corporate acquirer?

Q: Describe when a corporate shareholder must defer gains on the receipt of

Describe when a corporate shareholder must defer gains on the receipt of distributions of property from the complete liquidation of a subsidiary corporation.

Q: When are partnerships mandated to adjust the basis of their assets (

When are partnerships mandated to adjust the basis of their assets (inside basis) when a partner sells a partnership interest or receives a partnership distribution?

Q: States are arguing for economic income tax nexus; provide at least

States are arguing for economic income tax nexus; provide at least one reason for and one against the validity of economic income tax nexus.

Q: Compare and contrast general sales tax nexus and the new “Amazon

Compare and contrast general sales tax nexus and the new “Amazon” rule creating sales tax nexus in New York.

Q: What are the potential U.S. tax benefits from engaging

What are the potential U.S. tax benefits from engaging in an export sale?

Q: What is the primary goal of the United States in negotiating income

What is the primary goal of the United States in negotiating income tax treaties with other countries?