|
Posted by Ricky Gentry on July 23, 2007, 1:16 am
Please log in for more thread options
> Here is the deal-
>
> A coproration (regular, not an S) has vehicles at a cost of
> 90k and accum depr of 75k. They are considering selling for
> 125K.
>
> Now the little kicker- there is an AR- stockholder of 30k.
> We have a state excise tax of 6.5%.
>
> What do you think is best- selling stock or assets?
>
> Any opinions are appreciated.
Sorry, one other piece of information-
Stock cost is $1000.
Retained earinings is 29K+, about the same as the
AR-stockholder.
RG
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ------------------------------------------------------- >>
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap