Answer the questions Week 8 Homework

Nov 3rd, 2015
Price: $10 USD

Question description

No Plaigerism

Corporate Dividends Received Deductions

We've all heard that corporate income is subject to double taxation; once at the corporate level and again at the individual level after dividends are distributed. Congress has put in place a dividends received deduction to mitigate a similar problem at the corporate level. 

In what situations does this deduction apply? 

How many times is such income subject to taxation? 

If double/triple/etc. taxation is so onerous, why are limits in place on this deduction?

If this is ok at the corporate level, why, in your opinion, hasn't it been implemented to mitigate against double taxation when paid to individuals?

M-1 Reconciliation

In a corporate income tax return, Schedule M-1 must be completed to reconcile book income to tax income. If a corporation is not publicly traded, book income is not available outside the firm, so why does this reconciliation matter? What are some of the major items that show up in the reconciliation that increase or decrease book income to get it to tax income? What are the implications if the reconciliation does not work? In other words, what do you think is the real purpose of the government in requiring the reconciliation?

Tutor Answer

(Top Tutor) Daniel C.
School: UT Austin

Studypool has helped 1,244,100 students

Review from our student for this Answer

Nov 9th, 2015
"Excellent job"
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1826 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors