"Hi Everyone!!! It's Tuesday and everyday it is getting closer to exam day but I am staying positive. Almost done with S-Corp which I will wrap up today but
@Bobbi--I think I can answer your question NO a NRA (nonresident alien) may not…"
"@Bobbi--Actual authority of the agent continues to exist until the third party receives notice of the termination if the termination is by an act of parties. True or False
Happy Studying everyone!!! Make this a great studying weekend!!"
S Corporation items of income, deduction , and credit which could alter the tax liability of shareholders if taken into account by them on their personal tax returns, are required bo be stated (and are passed through) separately. …"
"@bobbi-correct A dividend distributed by one consolidatingcorporation to another is eliminated. The dividends received deduction (DRD) isnot allowed for such dividends.
I am still on SU 17-trying to finish it up today"
"@Bobbi--sorry for the delay in response--Fiscal year end and lost a day of studying. Five elements of Fraud is:
) false misrep2) intent to misrep3) intent to induce reliance4) justifiable reliance by innocent party5) damage suffered by…"
"@Bobbi--I got it right..wow!!! Ok-your question for the day is: Can a Corporation take a Lifetime Learning Credit foremployee education expenses?
I just made it to the library--it closes at 9--I'll see how many hours I get in today.…"
"@Bobbi taking a stab at it
affiliated -owners must own stock in a corporation that represents 80% or more of the total voting power AND 80% or more of the total value outstanding
A controlled parent subsidiary controlled group needs just one of…"