Examlex
On January 2, 2013, Tim loans his S corporation $10,000. By the end of 2013, Tim's stock basis is zero, and the basis in his note has been reduced to $8,000. During 2014, the company's operating income is $10,000. The company makes 2014 distributions to Tim of $8,000. Tim reports a(n) :
Abuse
The maltreatment of a person or animal, which can be physical, emotional, sexual, or neglect, leading to harm or suffering.
Jeffrey Arnett
A psychologist known for his research on emerging adulthood, a developmental stage between adolescence and full-fledged adulthood.
Emerging Adulthood
A phase of the life span between adolescence and full-fledged adulthood, typically from the late teens through the twenties, marked by exploration and self-discovery.
Features
Distinctive attributes or aspects of something or someone that help in identification and description.
Q2: Distribution of cash of $25,000 for a
Q5: Capital intensive partnership
Q9: Last year, Miguel contributed nondepreciable property with
Q17: Tax on excess business holdings
Q30: Bunker, Inc., is a domestic corporation. It
Q38: Swallow, Inc., is going to make a
Q43: If an S corporation distributes appreciated property
Q81: An S corporation may not amortize its
Q89: Interest paid to an unrelated party by
Q103: What income and activities are not subject