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We are an SCorp with very negative AAA from prior year
We are an SCorp with very negative AAA from prior year losses and non-ded expenses (Sec 179) However, shareholder basis is positive. Stock basis consists mostly of APIC. Debt basis from SH N/P. Net in… read more
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I am filing a final 1120S return. The only asset is an auto
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Client is dissolving S-Corp. One shareholder owes $6823.
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Negative m2 balance in last year of s corp is identical to
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I am preparing an 1120S return . The ending AAA account
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I am doing my last tax return S- Corp. I closed the
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I AM FILING A FINAL SCORP RETURN FOR A COMPANY. THE LAST THREE
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Our company, treated as S-corp for tax purposes for many years,
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I am dissolving an S corp and the only shareholder. The end
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Taxmanrog Only to answer this question... M-2 AAA ending balance
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What if S-corp has two non-equal members (stock ownership and
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I am closing out a C corp...there is only 1000 in Common Stock,
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On a final 1120-S tax return, the Retained Earnings and Line
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I am 100% stock owner in s-corp. My AAA was $25000 and ...
I am 100% stock owner in s-corp. My AAA was $25000 and took a $9500 distribution from it. My stock ownership on my balance sheet shows $2000. Is this $9500 tax free or do I owe some on capital gain ? … read more
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