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Agree with all previous comments and concerns. I have been implementing all types of systems for more years than I care to share and would never allow for a 3 week downtime of an operational system let alone with no definitive re-instatement date. Whoever ...
Hi Gregory, Sale wasn't mentioned; perhaps you are correct on that. Regards, Louis ------------------------------ Louis Feinstein President Louis E. Feinstein, CPA P.C. New York NY (917) 658-2193 LEFCPA@AOL.COM The opinions expressed ...
Yes, if they are anticipating a sale, then you would want the S corp to liquidate in the same year as the sale, that way the Fed/state gain can be offset by stepped-up outside tax basis. Unfortunately, the NYC corporate tax is still an issue, and I'm ...
Kenneth Dillenbeck kencpa@taxadvisorygroup223.com Steven N. Ross, C.P.A., LLC Office: 3333 New Hyde Park Road, New Hyde Park, N.Y. 11042 Mail: P.O. Box 314, Jericho, N.Y. 11753 Tel: (516) 487-7600 ...