Is there a special tax treatment for the proceeds received from a forced sale of a partnership interest. The .... ... read on

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

We manufacture and will sell equipment that mounts to the back of a truck, used for lift containers. We paid .... ... read on

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

I have an S Corp with a dba retail store location (coffee shop). I want to purchase a rental property .... ... read on

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

My client has a SEP IRA and the S Corp made contributions to the plan. The president of the S .... ... read on

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

I have a dentist PC Corporation. I bought a new car that was used for my business. I .... ... read on

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

If I sold my company for $6.5MM and $2MM went to debt repayment, do I get taxed on the full .... ... read on

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

What's the correct way to capitalize software costs for a single-member LLC? I'm currently incurring startup fees and software development .... ... read on

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

We have a C corporation with one person as the shareholder. We receive mortgage payments which is secured by the .... ... read on

• View Question
• 2 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

If the president of an S Corporation ends withdraws more distributions than their basis, how is the difference booked for .... ... read on

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