Problemin relation to subchapter s commonly referred to as, Ask an Expert

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In relation to Subchapter S, commonly referred to as S-Corporation, discuss the concept of non-separately stated income or loss, and separately stated income, deductions, and credits. For Congress to come up with something this confusing, you know there must have been a good reason (or at least we'd like to think so!). Think about the concept for a moment. What is the broad tax policy behind separating these two categories of income? What is Congress trying to achieve? What problems does it prevent? What problems does it cause?

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Accounting Basics, Accounting

Category:- Accounting Basics
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