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An AZ taxpayer is filing a NM nonresident return because of a land sale. He has out of state muni interest (from neither AZ or NM). The program is carrying the ...
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4 doctors formed a partnership and built a building to house their practice. They lease 75% of the building to their practice, and 25% to an unaffiliated busine...
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My main concern was the fact that doing it as you suggested, results in the shareholder pays tax on the excess distribution, and has a reduction to his basis on...
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I understand that the shareholder has a L/T cap gain, but I'm confused about how to report this on the books and return. What is the entry on the S Corp books? ...
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Ah, even better! What's the over/under on the time it takes them to correct their error message? (Rhetorical)