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I have a C Corporation in Texas where I own 51% of stocks.

I have a C Corporation in Texas where I own 51% of stocks. The other 49% are owned by non-resident aliens.I understand that if they have Zero Dividend stocks, they will not have the right to receive any payment if the corporation decides to pay dividends to all stock holders with the common stock.If this is correct, I who owns the other 51% of non Zero Dividend, will be the only that will be receiving any Dividend paymentsIf this is correct, what is the process to convert their common stock they have today to a Zero Dividend stock, and where can I find the forms that will have to be filled during a stockholders meeting where this change of stock type is approved.

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PDtax

Owner

Master's Degree

 
6,682 satisfied customers
I know that installment sale treatment is severely limited

I know that installment sale treatment is severely limited in cases where the parties are related, though what I have read seems mainly to center on depreciable property. What about the sale of the ownership of a corporation by a father to a son? Can the father accept a promissory note payable over a period of years and treat the sale as an installment sale?

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Lev

Retired

Bachelor's Degree Equivalent

 
24,192 satisfied customers
The Private Company that I work its PREFERRED stock

The Private Company that I work for sells its PREFERRED stock to investors at $70. They give me an 100 options of common stock for $20, and they say that they have given me the equivalent of $5000 : ( $70-$20)x100I want to know if this is correct because preferred and comon stock cannot be valued the same...?

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Lev

Retired

Bachelor's Degree Equivalent

 
24,192 satisfied customers
This is a finance questions. How does a PRIVATE company sets

This is a finance questions. How does a PRIVATE company sets a value for its preferred stock when it wants to sell it to investors so that this type of stock represents an equity in the company and at the same time pays a dividend at a certain rate.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,362 satisfied customers
LLC, 1120S, 1 shareholder. Cash bais Liquidating..A/R of

LLC, 1120S, 1 shareholder. Cash bais Liquidating..A/R of $25k, services company going out of business...Do I subtract that out of sales so I don't have to claim a bad debt on final 1120S that I'll be filing later this year, to see if some comes in, or do I just take the bad debt on the final 1120?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,362 satisfied customers
Stock certificate from XYZ Corporation (Canada) 500,000,000

Stock certificate from XYZ Corporation (Canada)500,000,000 shares common stockPar value $0.0001Stockholder has 3,333 shares of Common Stock transferableHow much is the share or stock certificate worth?

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Rakhi Vasavada

Financial / Legal Advisor

Bachelor's Degree

 
3,900 satisfied customers
Finance-Choices in retirement plan My company has a retirement

Finance-Choices in retirement planMy company has a retirement plan that has recently gone thru some enhancements, for example investing in a Roth account and Roth conversions are now permitted. I have mostly been in fixed income investing and will probably largely continue so…Part 1: Is there any element of additional risk associated with a Roth vs a traditional 401-K. Furthermore should I convert my existing assets to a Roth or leave as a 401K?Part 2 2: this may seem very basic, what is the advantage of retaining the money in the 401 K vs taking it out (I am at an age where I just pay income taxes, no penalty) and investing it somewhere else?Part 3: I need to withdraw an amount of money which is substantial for loan repayments and other commitments. It will be my first withdrawal in 8 yrs. I have been told that doing a loan instead of a withdrawal is the best course because of avoiding taxes and also because I will have my retirement fund back again in a few years (after repayment). Even if anything happens before I repay (unforeseen expenses, employment change) I will have at least replenished some of the funds. Do you agree?Part 4: We are a conservative family and I don't want to run risks in my last career years. Given the turbulence in markets lately, I will probably opt for a mixture of fixed income (e.g. stable value funds or US Treasuries)and US bonds. What could be another vehicle with slightly more risk but with a better return for placing say 20-30 % of assets?Thank you

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

 
8,900 satisfied customers
How do I find dividends if I am not given Common Stock?

How do I find dividends if I am not given Common Stock?

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

 
8,900 satisfied customers
If I wanted to purchase Pepsico Dividend Can I do

If I wanted to purchase Pepsico for the DividendCan I do it through my Traditional IRAI just retired after 35 years from them, and I'm only 59Fidelity has my IRAIf yes do I still get the benefits of the stock going up also?Is it 7.25% on each share purchased a year?

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

 
8,900 satisfied customers
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