What are tax aspects to consider


Red Lion, is an S corporation with a sizable amount of AEP from a C corporation year. The S corporation has $400000 of investment income and $400000 of investment expense in 2011. The company makes cash distributions to enable its sole shareholder to pay her taxes. What are tax aspects to consider?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What are tax aspects to consider
Reference No:- TGS058468

Expected delivery within 24 Hours