Chess World Championships: All the Games, All With Diagrams, 1834 2004

Description

The impact on choice of entity of the 21% corporate income tax rate, lower individual income tax rates, the 20% deduction for qualified business income, and other tax and business planning considerations.
A revised discussion of corporate capital structure to reflect the changed stakes resulting from the reduction of the corporate income tax rate and the new ∫ 163(j) limitation on the deduction of business interest.
Developments affecting corporate divisions under ∫ 355, including the IRS＊s changed ruling policy and proposed regulations dealing with divisions involving significant cash and other nonbusiness assets.
Other technical changes to Subchapter C, including a revised definition of contributions to capital, reductions of the dividends received deduction, modifications to the net operating loss deduction, safe harbor valuation methods to measure continuity of proprietary interest, and the reduced role of the limitations on multiple tax benefits for affiliated corporations.
S corporation developments, with an overview and a new problem on the ∫ 199A deduction for 20% of qualified business income from pass-through entities and the requirement to pay reasonable compensation to shareholder-employees of S corporations.