Reference no: EM132700585
Case Issues
1. What would be the amount of 'double taxation" on the sale of the building and land for $280,000 assuming the after-tax proceeds from that sale are distributed to Ms. Carter as a dividend?
2. What would be the income tax consequences if Ms. Carter implements the four-step plan A?
3. What would be the income tax consequences if Ms. Carter implements the plan 8 over ten plus years?
4. What alternative plan would you recommend to Ms. Carter?
Secs. 1(j), 11, 61(a)(3), 301, 311, 312, 316, 453A, 1001, 1011, 1012, 1016, 1231, 1245, 1250, 1361, 1362, 1366, 1368, 1371, 1374, 1375 & 1377
Attachment:- Case 28C.rar
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