1.in each of the following independent situation, determine the dividends received deduction for the calendar year corporation assume that: oak corporations Owns 25% Elm corporation owns 15% Mah corp

  

1.in each of the following independent situation, determine the dividends received deduction for the calendar year corporation assume that:oak corporations Owns 25% Elm corporation owns 15%Mah corporation owns 60% of the stock in the corporation paying the dividends                                                                Oak corp.         elm corp.    mah corpIncome from operation.                      $650,000         $900,000        $825,000Expenses from operation                    (525,000).        (1,050,000).    (830,000)Qualifying dividends                               160,000.            160,000.         160,000What is the dividends received deduction for oak corp?What is the dividends received deduction for elm corp? What is the dividends received deduction for mah corp?2. through a type B reorganization, Goldan corporation acquired 90% of retiverco stock by October 2 of the current tax year ending December 31. At the same tome 90% was acquired, retiverco was worth $800,000, and the federal long term tax-exempt rate was 3%. Retiverco holds capital loss carryover of $50,000If Golden report taxable income of $300,000,wich includes $30,000 capital gain, how much of the retievroco capital loss carryover may Golden use in the current year to offset its income?Assume consolidated return is not filed.Golden may use                of retrievroco capital loss carryover in the current year to offset income ( fill the blank)3. quail coporation was creatd six years ago through contributions from Kash ($900,000) and frank ($100,000). In a transaction qualifying as reorganization, quail exchange all of its assets currently valued at $1,800,000 ( basis of $1,200,000) for covey corporation    stock valued at $1,700,000 plus $100,000 in covey bonds. Quail distribution the covey stock and bonds proportionately to frank and kash in exchange for their stock in quail . quail current and accuymulated E&P before the organization anount to $70,000  complate the blanksKash:Realized gain/lossRecognized gain/lossPostpond gain/lossBasis  in stock$1,620,000bondTotal : Frank Realized gain/lossRecognized gain/lossPostpond gain/lossBasis  in stock$180,000bondTotal : b. how do kash  and frank treat this transactions for income tax preposes:kash: what is the ordinary income? what is the dividend income?what is the capital gain income?  Frankwhat is the ordinary income? what is the dividend income?what is the capital gain income?  c. complete the statement regarding how quail and covey should treat this transaction, including coveys basis in the assets it receives from quail    :quail recognizes $                   gain or loss on the transaction. Covey basis in the quail  is               Basis of $             . 3. zeta corporation in interested in acquiring Tau corporation through type A reorganization on jan 2 of the current year. zeta stock is value at $50,000,000b and generate $5,000,000 of taxable income yearly. Tau is valued at $7,000,000 and hold a$1,470,000 NOL with none years remaining of the carryover period. Zeta earn 7% after-tax of return and the federal long term tax exempt rate is 3%   .Use the marginal and federal income tax rate of 25%. Compute the section 382 limitation ?Compute the yearly tax benefit of the NOL?The max amount of zeta corporation should value Tau corporations NOL is $?

Don't use plagiarized sources. Get Your Custom Essay on
1.in each of the following independent situation, determine the dividends received deduction for the calendar year corporation assume that: oak corporations Owns 25% Elm corporation owns 15% Mah corp
Just from $10/Page
Order Essay

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 30% with the discount code ESSAYSHELP