1. Are Section 199A deductions available to all taxpayers? Is it
available to all service businesses? What are its limitations?
Explain in detail.
2. Bob, the sole shareholder of Perez
Corporation, (a regular C corporation), has the corporation pay him
$100,000. You are a Tax Accountant for Perez. What would you advise
Bob?
3. Cooper Corp, a C corporation, had $140,000 net income from
operations and a $25,000 short-term capital loss in the current
year. Assuming 21% flat tax rate...