Questions from Taxation

Q: Discuss the potential effect of the passive activity loss limitation on the

Discuss the potential effect of the passive activity loss limitation on the market value of profitable rental real estate activities.

Q: Identify the structural similarity between the capital loss limitation, the investment

Identify the structural similarity between the capital loss limitation, the investment interest expense limitation, and the passive activity loss limitation.

Q: Mr. and Mrs. Rath each own 30 percent of the

Mr. and Mrs. Rath each own 30 percent of the voting common stock of FB Inc. Four unrelated investors each own 10 percent. Based on a recent appraisal, FB’s net worth is $10 million. Discuss the valuat...

Q: Yount Inc.’s auditors prepared the following reconciliation between book and

Yount Inc.’s auditors prepared the following reconciliation between book and taxable income. Yount’s tax rate is 21 percent. Net income before tax ………………………………………..$378,200 Permanent book/tax differe...

Q: How do tax payments differ from other payments that people or organizations

How do tax payments differ from other payments that people or organizations make to governmental agencies?

Q: The Green River, which is heavily polluted by industrial waste,

The Green River, which is heavily polluted by industrial waste, flows through State S. Eighty-five companies operate manufacturing facilities that border the river. State S recently enacted legislatio...

Q: Explain the difference between a tax issue and a research question.

Explain the difference between a tax issue and a research question.

Q: Explain the difference between primary and secondary authorities as sources of tax

Explain the difference between primary and secondary authorities as sources of tax information. On which type of authority should professional tax research conclusions be based?

Q: Explain why a researcher should consult the Citator before relying on a

Explain why a researcher should consult the Citator before relying on a judicial opinion to support research conclusions.

Q: Describe two alternative strategies for using a tax service to locate primary

Describe two alternative strategies for using a tax service to locate primary authorities.