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| Teaching Since: | May 2017 |
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MBA (IT), PHD
Kaplan University
Apr-2009 - Mar-2014
Professor
University of Santo Tomas
Aug-2006 - Present
Taxation of Shareholder Benefits"Â Please respond to the following:
·        If a company experiences a complete loss of an office building as a result of a fire and receives a $2 million recovery payment from the insurance company:
·        Â
o   Explain the tax consequences if the company decides not to rebuild.
o   Identify the tax consequences if the company distributes the $2 million to its two (2) shareholders, assuming that no stock was exchanged in return.
o   Under what conditions will the distribution meet the requirements to be treated as a partial liquidation and not a dividend?
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