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The federal allows $300 charitable adjustment to AGI if you don't itemize, shouls this $300 be added back to state taxable income?
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Thank you for the replies. Hopefully my last question regarding this:The S corp will file short year from 1/1 until sales date. S corp stockholder will show the...
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Sounds good. Thanks. If it were a c corp, would any distributions(not payroll) be considered dividends?
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Preparing 1120S dataWorking on corporation tax returnPerson A sells all of the 100 shares of ABC Corp to Person B for $150,000Person B pays Person A $50,000The ...
