Accounting, Taxation course

Q-18)a 30 year bond with a face value of 100000 is issued at a discount. how larg can the disscount be and still be treated as de minimis OID? discuss the tax consequences to the purchaser of a bond with de minimis OID.

Q-21) Under what circumstances do the below market loan rules apply? Describe the tax consequences of marketing a below market loan. Be sure to discuss the consequences to both the borrower and the lender

Q-23) Janet’s parents lent Janet and her husband $125,000 to buy a new home. The loan is for ten years with no interest.

a) Must interest be imputed on the loan? If so, how would the amount of imputed interest be determined ?

b) If the loan amount were $100,000, would interest have to be imputed? If so, how would the amount of imputed interest be determined?

c) If the loan amount were $10,000, would interest have to be imputed?

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