Name: Homework 5

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Instructions:  

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Question 1   Multiple Answer (1.0000 points)
  Question: Which of the following are federal income tax
considerations when selectng an appropriate ownership
form?
(Check all that apply)
 
 
    Avoidance of double taxation
The ability to pass through profits and losses
Deferral of payment of taxes
Flexibility in allocating gains and losses
Capital gains treatment
 
 

 

Question 2   Multiple Answer (1.0000 points)
  Question: Important considerations in selecting the proper ownership form include which of the following? (Check all that apply)
 
 
    Tax consequences
Public image
Cost and complexity of creation
Allocation of ownership rights
Degree of privacy for the owners
 
 

 

Question 3   Multiple Answer (1.0000 points)
  Question: Assuming the owner is not involved in managing the property, which of the following would afford the owner limited liability? (Check all that apply)
 
 
    Partnerships
C corporations
S corporations
Being a limited partner
REIT
 
 

 

Question 4   Multiple Answer (1.0000 points)
  Question: Which of the following ownership forms affords the owner the most protection of his/her privacy? (Check one.)
 
 
    REIT
S corporation
C corporation
Limited partner
Land trust
 
 

 

Question 5   Multiple Answer (1.0000 points)
  Question: Which of the following ownership types would be most concerned that the legal form be careful to avoid
continuity of life, giving the owner the right to participate in the management of the property, and giving all of the owners limited liability? (Check all that apply)
 
 
    S corporation
C corporation
Limited partnership
Land trust
Cooperative