DISCUSSION QUESTIONS
1. How are C corporations different from and similar to S corporations?
2. What are some restrictions on S Corp?
3. Describe the three hurdles a taxpayer must pass if he wants to deduct a loss from his share in an S corporation.
4. How does the tax treatment of employee fringe benefits reflect the hybrid nature of the S corporation?
5. WHAT ARE CONTRIBUTIONS OF PROPERTY IN PARTNERSHIPS?
6. WHAT IS Sale of Partnership Interest?
7. WHAT IS PARTNERSHIP INTEREST?
8. WHAT I OPERATING AND LIQUIDATING DITRIBUTIONS?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.