User Account

All Pages

What are the us tax consequences of greg contributing

Assignment Help Microeconomics
Reference no: EM131189421

Greg form Greg Corp. on January 1, 2015 and immediately elected to be an corp. effective for 2015. In forming the corp Greg contributed $50,000 in exchnage for all stock. The coro obtained a $75,000 bank loan. In 2015 ordinary loss of $60,000 and in 2014 an ordinary loss of 12,000. During 2014 Greg divored his wife, and she received 50% of the stock during the settlement. In 2015 corp earned $40,000 ordinary income.

Required:

What are the US tax consequences of:

1. Greg contributing the $50,000 for all the stock
2. The bank loan
3. The ordinary losse for the two years
4. Ex-wofe receiving half the stock
5. The ordinary income from 2015.

Reference no: EM131189421

Questions Cloud

Process of formulating strategy in health care industry : 1. Determine whether or not you believe the process of formulating strategy in the health care industry is complex. Justify your response with at least one (1) example of a situation or scenario that supports your position.
Franz colruyt has achieved low cost leadership through : The largest contributor to productivity increases is , estimated to be responsible for of the annual increase.-  Franz Colruyt has achieved low-cost leadership through.
Present value of cash flows : Ajax Corp. is expecting the following cash flows - $79,000, $112,000, $164,000, $84,000, and $242,000 - over the next five years.  If the company's opportunity cost is 15 percent, what is the present value of these cash flows? (Round to the neares..
Project management team report : What characteristics should a project management team report have? Discuss in 50 to 80 words.
What are the us tax consequences of greg contributing : What are the US tax consequences of Greg contributing the $50,000 for all the stock, The bank loan, The ordinary losse for the two years, Ex-wofe receiving half the stock and The ordinary income from 2015.
Team members to achieve deliverables : Explain (80 to 100 words) how the project manager should assign responsibilities to the team members to achieve deliverables. Give reasons.
Components of discounted cash flow : Question: What are the five components of discounted cash flow?
Analyze the key facts related to the issues or problems : Identify the critical issues or problems in the case and analyze the key facts related to the issues or problems. Discuss a tentative solution that addresses the issues or problems and how you would implement your solution.
Evaluate the costs and benefits of outsourcing employees : "Outsourcing can be a cost-effective alternative to the expense and administrative burden of a traditional employer-employee relationship." Evaluate the costs and benefits of outsourcing employees. What market-failure problems could be created or ..

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd