ACCT 429 Week 6 Discussion | Devry University

 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.

I have re-posted this opening thread below. Please use the reply link of my post below if you want to comment on this opening discussion topic. NOT the reply link immediately following this announcement. This will keep all of our replies together by topic.

I will post additional topics as the week progresses.

Topics will close throughout the week. Once the topic is closed do not post to the topic for points. Select another discussion topic still open.



Answer Detail

Get This Answer

Invite Tutor