In Comparing Regular C Corporations with Individuals, Which of the Following

question 43

Multiple Choice

In comparing regular C corporations with individuals, which of the following, if any, relate only to C corporations?

• A)A net short-term capital gain is taxed as ordinary income.
• B)An election can be made to defer recognition of gain on an involuntary conversion under § 1033.
• C)The carryover period for excess capital losses is unlimited.
• D)Excess capital losses can be carried back.
• E)None of the above.

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Definitions:

NLRB

The National Labor Relations Board, a federal agency that oversees labor practices in the United States, ensuring workers' right to organize and negotiate collectively.

Bargaining Agent

A representative designated by employees to negotiate with the employer on their behalf, typically regarding wages, hours, and other terms of employment.

Settlement Range

The range within which parties are willing to negotiate and reach an agreement in a dispute.

Bargaining Committee

A group of employees or union members designated to negotiate labor contracts with their employer.