ACCT 429 Week 6 Discussion

 ACCT 429 Week 6 Discussion | Devry University

The S- Corporation is a pass-through entity which is not generally subject to federal income-taxes. There are instances when an S- Corporation may be liable for certain corporate level tax liability. By now you are confused because it was once thought that S- Corporations do not pay taxes. Discuss the position relating to the tax on built-in gains of corporation.

Also elaborate on the conditions where the S- Corporations may be liable to tax on its built-in gains.

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I will post additional topics as the week progresses.

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