A qualified S Corporation subsidiary (Qsss) election that took place on October 1, 2014 for 3 S Corporation. I'm thinking .... ... read on

• View Question
• 4 votes
• Answered by The BIDaWIZ Team

For Form 1120 IC-DISC, which is a commission only disc. Commission, was calculated based on a related companies Foreign sales .... ... read on

• View Question
• 1 votes
• Answered by The BIDaWIZ Team

We have a small business and are just learning on the new requirement to file Form 3115 to meet the .... ... read on

• View Question
• 6 votes
• Answered by The BIDaWIZ Team

If a partner transfers his interest into his trust, should there be two K-1 forms issued? Also, is Form .... ... read on

• View Question
• 5 votes
• Answered by The BIDaWIZ Team

We were asked by an organization that does not have an 501(c)(3) status if we would be a fiscal sponsor. .... ... read on

• View Question
• 2 votes
• Answered by The BIDaWIZ Team

Would a single member LLC reporting with a Schedule C be subject to the same hobby loss rules as a .... ... read on

• View Question
• 4 votes
• Answered by The BIDaWIZ Team

Is it possible for a person to have tax documents reflecting a business as both Schedule C Income and 1120S? .... ... read on

• View Question
• 1 votes
• Answered by Barbara Blacklidge

I am a partner in an LLC. I have a K-1, but I also recieved a W-2 Form. If I .... ... read on

• View Question
• 5 votes
• Answered by The BIDaWIZ Team

Shouldn't shareholder equity on the balance sheet and the shareholder basis in an S corporation both be the same? Aren't .... ... read on

• View Question
• 4 votes
• Answered by The BIDaWIZ Team

Is there a benefit to selecting a taxable year that is more apropos to a business? A client works the .... ... read on

• View Question
• 2 votes
• Answered by The BIDaWIZ Team