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Balance Sheet Questions - Capital Stock
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CUSO
Level 3
02-21-2023
05:13 PM
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I often see on tax returns an entry for capital stock of $1,000 on the balance sheet. Does anyone else run into this or know why it seems to be sort of a standard practice to put a round $1,000 on a tax return?
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PATAX
Level 15
02-21-2023
05:19 PM
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Yes I've seen that. Some state(s) have (had) a Capital stock tax.
