Examlex
An S election is terminated if the S corporation has passive investment income in excess of 20 percent of gross receipts for three consecutive years.
Capital Appreciation
An increase in the value of an asset or investment over time, not including the earnings from dividends or interest.
Limited Liability
A legal structure that limits the financial liability of investors or owners to the amount they have invested in a company.
Shareholders
Individuals or entities that own one or more shares of stock in a corporation, giving them rights to dividends and a say in company matters through voting.
Creditors
Individuals or institutions to whom money is owed by the debtor for provided goods, services, or loans.
Q6: Leonardo, who is married but files separately,
Q33: Last year Brandon opened a savings account
Q33: Assume Tennis Pro discovered that one salesperson
Q64: Zinc, LP was formed on August 1,
Q83: Jonathan transferred $90,000 of cash to a
Q93: Sophia is single and owns the following
Q94: When a partner receives more than a
Q108: An applicable credit is subtracted in calculating
Q126: Sue and Andrew form SA general partnership.
Q148: The S corporation rules are less complex