olga
Level 1
12-07-2019
03:26 AM
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@sjrcpa is there a scenario in which it is not recommended to do the split gift tax form?
Son gave Father $10 cash the day they signed the transfer deal so $10 never made it to the books. how should i record it on the books and in 1120S?
the S Corporation initially started with 100 shares at $1 each. i have $100 in Capital Stock account. do i need to change it now to reflect the recent valuation and the transfer of ownership?
Son gave Father $10 cash the day they signed the transfer deal so $10 never made it to the books. how should i record it on the books and in 1120S?
the S Corporation initially started with 100 shares at $1 each. i have $100 in Capital Stock account. do i need to change it now to reflect the recent valuation and the transfer of ownership?
