Bogie Boric's Questions

Bogie Boric

0 Votes

2 Answers

187 Views

Is the recent Gold Rush over?

Feb 17, 2011 by Bogie Boric Follow Answer

Category: Financial Planning

Bogie Boric

0 Votes

1 Answer

217 Views

How would you close this Balance Sheet (B/S) asset on the Final Return for S-Corp?
Cost: 60K – Depreciation 32K = Book Value 28K

Auto Loan (Liability) – 22K

Auto was sold to the shareholder (S/H) for 45K (FMV).

How would you 1) zero-out this B/S item on S-Corp return, 2) where are proceeds flowing and 3) how would you show that S/H had assumed this liability (if needed)?

Feb 1, 2011 by Bogie Boric Follow Answer

Category: Tax Planning

Bogie Boric

0 Votes

3 Answers

152 Views

Is “Cash for Clunkers” program still available?

Aug 6, 2009 by Bogie Boric Follow Answer

Category: Personal Finance

Bogie Boric

0 Votes

1 Answer

290 Views

Do we have a National Savings Day in U.S.?

Jan 5, 2009 by Bogie Boric Follow Answer

Category: Personal Finance