Remember Flashcards
0
Q
S corp v c corp comparison pArt c
A
- Sub NOLs from c corp calc
- Calc s corp
- Price - net basis * taxes = s/h dist
- S/h dist - basis - NOLs * .2
- S/h - taxes / .8 /.65
- 5+ price
1
Q
NOL net incremental benefits
A
All table 1, multiply the benefit by the tax rate as well
2
Q
C corp v s corp part D remember
A
OI is individual ordinary income rate
3
Q
Divestures part b
A
Don’t forget to subtract CLCF
4
Q
Divestures part d
A
Same as b but use net tax basis not company basis
5
Q
Divestures part e
A
Divide by .65 NOT .8
6
Q
NQSO and ISO
A
All table 1
7
Q
NQSO and ISO
A
Repeat A with new tax rate and compare new NQSO to ISO
