palmasservices
Level 3
04-10-2024
12:18 AM
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I have a client that Purchase a Business under the S-Corp. for the amount of $58,000 which $14,080 was Furniture and Fixed Assets and the rest is the Business Name. Where in the 1120s & Balance Sheet would go this information. It was Purchase with business and personal accounts which the Owner wants the Corp to repay him back in the future?
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