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Business & farm
Thanks Rick for your advice. Where do Capital contribution fall under ? It would not be under Liability right? There is a section in the balance sheet page called 'Capital and Retained earning'. with 3 options a) Capital Stock ...$...... b)Additional Paid in Capital ...$... c)Adjustments to shareholder equity ...$.... Would this Capital contribution fall under any of these groups ? Since I am 100% share holder (100 shares), I wouldn't any more equity with this capital contribution. Would this still apply for me ? Also, are you suggesting that I claim both 2017 & 2018 excise tax payments in this current filing , when you say do not lose sleep over it..(yes, I am a cash method taxpayer).Thanks again in advance..
‎June 4, 2019
11:14 PM