ineedtaxhelp202 0
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Hi@Rick19744what happens if a company has net income but returns both the profit and original investment capital back to a shareholder? I thought the IRS docume...
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Isn't it possible for a corporation to return capital back to an investor as part of a non-dividend payment in a non-liquidation event? Or is return of capital ...
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Hi@DavidS127so would the corporation's cash funds count as "assets" in this case?
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@Rick19744Yeah option 2 makes sense. I don't see the IRS having documentation on classifying an other deduction on line 26 as 'Contracted Labor' but like you sa...
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Line 11 of form 1120 is for total income. I don't see any other line on form 1120 that is for contract labor
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