User talk:Corptaxhelp
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Welcome!
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- Tim Doyle, TaxAlmanac Moderator - Talk to me 15:54, 15 November 2006 (CST)
NP
Hello... I saw that you added NP to your user page. What were you attempting to do? Can I be of assistance?
- Tim Doyle, TaxAlmanac Moderator - Talk to me 13:31, 17 January 2007 (CST)
Comingling Funds
Amartin2 Here,
I am pretty new at this, I hope you do not mind me writing back to you. But you made a good point. By having the account seperate it does show how much the business is making and really spending. But no one is really answering my qestion about protecting your main account. The banks can do so much to keep you from harm-small or big. But in an effort to help my small businesses where this could break their business I do pose to them the Materials account, Maintenance, payroll, etc...and that is "If" I see they can handle it. As I do the interview process with them and see it is going to be too much for them, I suggest to do this in the future as they see how the business is going. But when I see a small business owner walk in and right away they share with me how tight things are, credit is not very good and can not get a line of credit or Over draft protection, I know immediatly. If their card gets ran wrong, someone steals it, someone gains access to the account, it could put them out.
"Oh", by the way, it was not me from WAMU-thank goodness, and yes I have a quota, but I do not pose the seperate accounts for that. I do it in my home business an I beleive in it and I know first hand what 3 of my customers are going through at this very moment because of these issues. This is why I began asking questions on this site last week. SO, Pose the question-"If" you were the small business and wanted to protect your main account (where all your money/capital is sitting) if I reccommended to you to protect your account this way..smart or still not a good idea? I just want to know what is the best way to give that little extra help. Thank you for your time.
CorpTAxhelp
We have acquired 6 C-corps this year that own appreciated real estate. If there is a forienger above the C-corp we need to acquire an offshore holding company to stay outside FIRPTA.
Basically, the C-corp sells the real estate and puts the proceeds in a 1031 exchange account. Then we buy the stock for a price that equals the cash at the QI less a discount for the tax. After we buy the company we arrange for and purchase replacement properties and get a deferral. Where the current owner sees the tax as a PV, we treat it as a distant future liability. In a zero basis deal we would split the tax with the seller.
Joe
Century ride
I sent you an email. Natalie 17:49, 19 June 2008 (CDT)Natalie
editing discussions?
Do you always put in summaries when you edit discussions? I rarely do. When I saw "Century Bike Ride, Nothing about Accounting or Taxes," it took a long time for me to figure out where it came from. Natalie 17:56, 19 June 2008 (CDT)Natalie
