Corporate Tax questions 1. Mega corporation negotiate...........2. Telsa Corporation received $400,0

Feb 3rd, 2012
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Corporate Tax questions 1. Mega corporation negotiated with Jerry, trying to get him to transfer some land and a building (basis of 200,000 and FMV of 350,000), but Jerry refused. Instead he agreed to lease the property to the new corporation. Explain why this was very likely a provident move by Jerry. At the point when Jerry consented to lend the property to the new company the limitation of the organization can take the expense cost back. They don't get to be vested until you meet the organization's ............................................................................................................................................................................................................. 2. Telsa Corporation received $400,000,000 from the state of Nevada to build a plant in that state. What are the Tax consequences from receiving these funds? If Telsa Corporation got $400,000,000 from the condition of Nevada to fabricate a plant in that express...............

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