Corporate Taxes

Corporate Taxes

Paper instructions:
I NEED SOMEONE WHO KNOES ABOUT ALOT ABOUT THIS SUBJECT!!
This is a different kind of paper. I need about 1-2 paragraph answers the questions I have posted. with 1-2 references per answer.
It needs to be written in own words and not copied from a book or online source.
Also in well English with no grammar errors.
1. Your client is starting a new business. Your client is the sole shareholder and transferred cash in exchange for all of the stock. The corporation will incur various start-up expenses prior to the business opening. Research the tax treatment of start-up expenditures, including the point at which a corporation begins for determining what expenses are included. In your initial discussion post include a summary of a court case that dealt with the above issue.
2. Tina is the only shareholder of Edgecombe Corporation. Tina’s stock basis is $100,000. She materially participates in the business and receives an annual salary of $50,000. Current economic conditions have caused cash flow issues for the corporation so Tina needs to transfer $60,000 to the business. Tina is trying to determine the best way to structure the cash transfer: a capital contribution, a loan to protect the stock investment or a loan to protect her salary. From a tax perspective, how would you advise Tina to structure the transaction in the event economic conditions continue to decline and the corporation may have to file for bankruptcy? Support your position with primary tax authority.

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