Which of the following statements regarding the tax treatment of start-up losses is false?
A. Start-up losses of a business organized as an S corporation create NOL carryforwards, deductible in future years when the business generates a profit.
B. Start-up losses of a business organized as an S corporation are deductible by the shareholders, potentially generating immediate tax savings.
C. Start-up losses of a business organized as a partnership are deductible by the partners, potentially generating immediate tax savings.
D. Start-up losses of a business organized as a C corporation create NOL carryforwards, deductible in future years when the business generates a profit.
Answer: A
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Shane, a partner in a law firm, makes the following gifts with their values noted: Managing partner in Shane's firm $30 Shane's personal assistant 404 clients ($27 each)108 What amount of the gifts is deductible?
A. $178 B. $125 C. $150 D. $75
At the strategic level, marketing (little m) serves as the driver of business strategy.
Answer the following statement true (T) or false (F)
Electronic meetings are preferred to face-to-face meetings when group efforts are just beginning and members are trying to build group values
Indicate whether the statement is true or false
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