Examlex
Any distribution of cash or property by a corporation that does not exceed the balance of AAA with respect to S stock during a post-termination transition period of approximately one year is applied against and reduces the basis of the S stock.
Implicit Costs
Non-monetary opportunity costs that are not directly incurred as a result of performing business activities.
Entrepreneur's Potential Earnings
The forecasted income an entrepreneur expects to earn from a business venture, taking into account both risks and opportunities.
Annual Lease
A contract or agreement that outlines the terms under which one party agrees to rent property from another party for a period of one year.
Payments to Workers
Financial remuneration provided to employees for their labor, often in the form of wages or salaries.
Q43: For a new corporation,a premature S election
Q44: What are "syndication costs" and how are
Q93: The LIFO recapture tax is a variation
Q109: George is running for mayor of Culpepper.The
Q118: Economic risk of loss
Q136: One of the disadvantages of the partnership
Q142: A country with very low or no
Q147: The partner (rather than the partnership) will
Q154: Gain realized (but not recognized) on a
Q159: The following persons own Schlecht Corporation,a non-U.S.entity.<br><br><img