Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Get Free Quotes Post Your Requirements

5 PAGE ESSAY ACCOUNTING AND TAX LAWS

29/10/2020 Client: murugan Deadline: 3 days

  S Corporation
Goldfish partnership has 3 partners, Susan, Tina, and Vivian. Each partner has a basis in her partnership interest of $200,000. In the current year, Susan receives a liquidating distribution including $60,000 in cash and $120,000 in unrealized receivables. Susan takes a zero basis in the unrealized receivables. Will Susan recognize a capital loss on this liquidation and if so, what is the amount? Explain the tax treatment in language a non-accountant business person would understand.
No hard coding of solutions. 
Submission Requirements

Be      sure to discuss and reference concepts taken from the assigned textbook      reading and relevant research.

Support      your paper with at least 4-6 tax, scholarly, legislative, or court      references (of which the textbook may be one). Your paper should be 5      pages in length and conform to Strict APA format.

Include at least four scholarly references in addition to the course textbook. 
Chapters 21 & 22 in South-Western Federal Taxation 2019
Recognition and Character of Gain or Loss on Sale or Exchange, 26 U.S. Code § 741
Unrealized Receivables and Inventory Items, 26 U.S. Code § 751
Tax Imposed on Certain Built-in Gains, 26 U.S. Code § 1374
Lenok, D. (2017). How cold assets can help keep others hot. Wealth Management.
Luscombe, M. A. (2018). Tax trends: Passthrough entities and tax reform. Taxes, 96(2), 3-4
Certain stock purchases treated as asset acquisitions, 26 U.S. Code § 338 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Deduction and recapture of certain mining explorations expenditures, 26 U.S. Code § 617 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Definitions and special Rules, 26 U.S. Code § 1283 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Disposition gain representing accrued market discount treated as ordinary income, 26 U.S. Code § 1276 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Effect of election on corporation, 26 U.S. Code § 1363 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Election; revocation; termination, 26 U.S. Code § 1362 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Elections and contests, 26 CFR § 1.1362-6 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Extent of recognition of gain or loss on distribution, 26 U.S. Code § 731 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Gain from certain sales or exchanges of stock in certain foreign corporations, 26 U.S. Code § 1248 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Gain from dispositions of certain depreciable property, 26 U.S. Code § 1245 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Gain from dispositions of certain depreciable realty, 26 U.S. Code § 1250 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Gain from disposition of farm land, 26 U.S. Code § 1252 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Gain from disposition of interest in oil, gas, geothermal, or other mineral properties, 26 U.S. Code § 1254 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Partner's distributive share, 26 U.S. Code § 704 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Partner's share of nonrecourse liabilities, 26 CFR § 1.752-3 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Recognition of precontribution gain in case of certain distributions to contributing partner, 26 U.S. Code § 737 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
S corporation defined, 26 U.S. Code § 1361 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Special rule, 26 CFR § 1.752-4 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Taxation of DISC income to shareholders, 26 U.S. Code § 995 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Tax imposed on certain built-in gains, 26 U.S. Code § 1374 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Transfers of franchises, trademarks, and trade names, 26 U.S. Code § 1253 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Treatment of partnership liabilities, 26 CFR §1.752-1 (n.d.). Retrieved from Thomson Reuters Checkpoint database.
Unrealized receivables and inventory items, 26 U.S. Code § 751 (n.d.). Retrieved from Thomson Reuters Checkpoint database.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!
Answer.docx Turnitin Report.pdf Contact Writer For Solution Contact Writer For Solution

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed
Order Now

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed
Order Now

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed
Order Now

6 writers have sent their proposals to do this homework:

Writer Writer Name Offer Chat

Writers are writing their proposals. Just wait here to get the offers for your project...

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Post your homework

Similar Homework Questions

Firestone ethical issues - What were the causes of the metrolink accident - Addition of bromine to cyclohexene - Cryptography in cloud computing pdf - Intro to Data mining - Anthony red hot chili peppers biography - Econometrics - Greetings from bury park by sarfraz manzoor - Herqa accreditation checklist pdf - Late submission penalty latrobe - Week 2 Research Paper: Mastering Blockchain - Pic basic programming language - Criminal justice - Gpo box 4341 sydney nsw 2001 - Igcse travel and tourism revision notes - Alyogyne huegelii blue heeler - 4/1 - Sex education in public schools essay - Reading article/video and summarize - Advertising and social responsibility essay - Shoreline stadium case study answers - Dr jason blum coolangatta - Hr case study scenarios worksheet answers - Examples of inferential questions - Mintzberg managerial roles ppt - How to do a webliography - What does glaucon want to demonstrate by giving two people rings? - Molar mass of cu no3 2 - Market Plan - Statistic proof and concept explanation - Thermann hot water system warranty - Toe by toe age range - It research analyst job description - Harley cannard net worth - Dynon d180 user manual - Rhetorical Analysis - Help with post - Weeks 4 & 5 - The player negotiation case - Braille books for beginners - Cypress mulch home depot - Keller statistics keller statistics data analysis plus - Features of a good report - Kahalagahan ng pag aaral ng ekonomiks - Close reading of a poem - Theme - The number of dogs per household in a small town - ENGLISH GRAMMER - Malachite green solution preparation - Gauging yourself against others is acceptable in competitive sports - Resistance to change is an irrational response - Dulux narrow neck exterior - Mr resistor pendant lights - Motor velocity constant kv - Density of a glass - Written Communications exam 70064 - Colgate wisp canada - Investigating the effect of acid rain on seed germination - Older Adults Patient Education Issues Essay and Interview - Homework - How to write a nursing diagnosis in pes format - Large convex molding crossword - Where was the norton introduction to literature published - Nku fnp program reviews - Health Care Delivery Discussion 2 - CASE ANALYSIS 6 - Customer service cv template - Nursing diabetes concept map - Colorado circuit simulator ac dc - During a fact finding interview an important guideline is - I am legend movie questions and answers - Rachel carson a fable for tomorrow worksheet answers - Professional Issues In Cybersecurity And Digital Forensics - Adolescence: Contemporary Issues and Resources - ASQ poster presentation - SMGT 502 Forum 4 - 7 eleven application form - Kris jamsa cloud computing pdf - Competitive advantage through hrm - Argoshield light vs universal - Nick gereffi you death cause - Ilm level 5 workbooks - Norse myth family tree - Pd online brisbane city - Hypertrophy coach training split - PSY 7-1 - Individual level of social ecological model - Harley points wiring diagram - Concrete consulting co has the following accounts - Bus from leytonstone to stratford - Cisco ap 1700 datasheet - Ceres gardening company case - Management of Technology Innovation case study - Effects of Leadership Styles Health Care - Manor house lane surgery - John kiriakou interview with brian ross - Mixed flow pump wikipedia - Where is gerber baby food made - Platform error bad module bin friendsui not loading - How to determine spelling stage for words their way