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Lane. You helped me last year and I have 2 questions
Hi Lane. You helped me last year and I have 2 questions regarding an S-Corp.In a newly formed 1 member S-Corp or an established 1 member S-Corp how are shares established? What is the formula or who o… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,233 satisfied customers
S Corp. 2 shareholders. One shareholder buys another one.
S Corp. 2 shareholders. One shareholder buys another one. Buy sell agreement be done through treasury stock.? How buyer can amortize goodwill ? or if it is done outside S corp; when buyer sell assets … read more
PDtax
PDtax
Certified Public Accountant (CPA)
Master's Degree
7,906 satisfied customers
2nd opinion TWO DENTISTS ARE 50/50 STOCKHOLDERS IN AN 'S'
2nd opinionTWO DENTISTS ARE 50/50 STOCKHOLDERS IN AN 'S' CORPORATION WHICH PROVIDES DENTISTRY SERVICES. ONE RETIRES IN 2015 & SELLS HIS SHARES BACK TO THE CORPORATION FOR 865,000. THE 865,000 PAID BY … read more
PDtax
PDtax
Certified Public Accountant (CPA)
Master's Degree
7,906 satisfied customers
Purchase 100% of the stocks in an S corporation includes the
Purchase 100% of the stocks in an S corporation includes the name of the company 2019 and I am doing the business return what other forms do I need to complete the return along with Form 1120-S … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 satisfied customers
My son is a 1% shareholder in my Sub-s corp for 2018. His
My son is a 1% shareholder in my Sub-s corp for 2018. His one and only K-1 was for 2018. He is in graduate school, and is voluntarily removing his 1%. I am sending him the 2018 K-1 and have marked X i… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
3,228 satisfied customers
Lane, I prepared a client's corporate tax return for the
Good morning Lane, I prepared a client's corporate tax return for the year 2018. The following was the information that I received from one of the shareholders: That for the first year it was a C corp… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,233 satisfied customers
I will be majority owner. Then I will be raising around
I will be majority owner. Then I will be raising around 600k. We will be looking to do series A for 10mm and then next raise for 50mm when we start operating here in the USA. Same corp throughout? All… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,233 satisfied customers
I have an S-corp client who repurchased stock from his
I have an S-corp client who repurchased stock from his investors. The investors and owner agreed to report the investment to the company initially as a loan in 2016. Repayments on the loan were made i… read more
PDtax
PDtax
Certified Public Accountant (CPA)
Master's Degree
7,906 satisfied customers
One of the 2 shareholders in a S-Corp sold his part of
Second opinion] One of the 2 shareholders in a S-Corp sold his part of business to the other one for $50,000.00 The remaining shareholder paid for it with a personal loan. Questions: To what account d… read more
Carter McBride
Carter McBride
LLM
8,138 satisfied customers
I am an S Corp Owner. I split with my partner in 2017 but
I am an S Corp Owner. I split with my partner in 2017 but did not make the payment for the shares until 2018. My attorney set it up that the Company will buy back the shares. I am showing the repurcha… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,554 satisfied customers
Tax Attorney or CPA only: When a 50% member of an LLC filing
Tax Attorney or CPA only: When a 50% member of an LLC filing taxes as a Sub-S withdraws from the LLC, does the other 50% owner become responsible for 100% of the taxes that flow down from the K-1(s) f… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,233 satisfied customers
S corp has only 2 shareholders ( me and my friend: 50%:50%
S corp has only 2 shareholders ( me and my friend: 50%:50% shares for each). I gave up my all shares in June 2015 for some reasons. Should schedule K be issued to me for 2015 or not ? The other shareh… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,554 satisfied customers
What is the federal tax effect(s) of having a S Corp create an LLC (disregarded entity) an
What is the federal tax effect(s) of having a S Corp create an LLC (disregarded entity) and conducting all business from LLC (100% owned by the original S Corp). The reason for the LLC is to later tak… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,233 satisfied customers
I have a written contract that a shareholder of our S-Corp
I have a written contract that a shareholder of our S-Corp was paid $106,000 as a buyout. The shares he was allotted are only worth $100, so the remaining amount was strictly paid as a buyout price. A… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,554 satisfied customers
What forms need to be filed in order to record any gain or
What forms need to be filed in order to record any gain or loss in the disposition of asset when an S corp is dissolved?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,233 satisfied customers
There is an llc s corp. There are 5 partners. There are 20
There is an llc s corp. There are 5 partners. There are 20 investors. They are making a movie. I do a 1065. The partners share in the loss as the movie has not been sold yet. They get k-1's that show … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,554 satisfied customers
An S Corp has 3 shareholdes. One of the shareholders is going to be given $50,000 for his
An S Corp has 3 shareholdes. One of the shareholders is going to be given $50,000 for his 25% ownership interest in stock. (The other 2 shareholders will provide $25,000 each) The shareholder has $2,5… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,554 satisfied customers
i am the majority stock holder in a S corp . one other person
i am the majority stock holder in a S corp . one other person owns 25% of the stock . lets say there is $ 100. in money that can be dispursed and the minority owner would like to get $ 25. in divedens… read more
Jacy
Jacy
Bachelor's Degree
567 satisfied customers
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