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Question: 1. How are C corporations different from and similar to S corporations?
2. What are some restrictions on S Corp?
3. Describe the three hurdles a taxpayer must pass if he wants to deduct a loss from his share in an S corporation.
4. How does the tax treatment of employee fringe benefits reflect the hybrid nature of the S corporation?
5. What are contributions of property in partnerships?
6. What is sale of partnership interest?
7. What is partnership interest?
8. What i operating and liquidating distributions?
Answer each question in 200 or more words
Use citations and references
Use APA guidelines please
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