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Chart Acquisition Corp. (CACGU) had its IPO in 2012.

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In what year did Capitol Acquisition Corp II - CLACU - have its IPO?

Capitol Acquisition Corp. II (CLACU) had its IPO in 2013.


On what form of the 1040 do report rental income received for heavy equipment I rent to my S-Corp?

Rental income is reported on Schedule E.Since it's not an arm's length relationship (you are a related party to your S-corp), you should see a tax professional to make sure you are claiming fair rental value and not giving the S-corp a discount on rent.You also should see a tax professional because you need to properly depreciate the asset. Otherwise you'll have serious consequences in a later tax year and it'll be too late to get a refund.


If you own a ccorp that owns a llc and your personal account is linked to the llc account since you will pay taxes at year end anyway can you move funds from the llc to your personal account legally?

The c corp needs to issue a dividend or pay you a salary. It's important not to co-mingle funds. (you might want to talk to your accountant about this)


What accounts are classified as assets in the company's chart of accounts?

In a company's chart of accounts, assets are classified into several categories, including current assets and non-current assets. Current assets typically consist of cash, accounts receivable, inventory, and short-term investments, which are expected to be converted into cash or used within a year. Non-current assets include long-term investments, property, plant and equipment, and intangible assets, which are held for longer periods. These classifications help in tracking the company’s resources and financial health.


Can you claim a charitable contribution carryover the last year you dissolve a c corp?

Yes, you can claim a charitable contribution carryover in the last year you dissolve a C corporation, but the claim must adhere to IRS regulations. Generally, the corporation can carry forward unused charitable contributions for up to five years. When dissolving, it's essential to ensure that the contributions are properly documented and reported on the final tax return. Consulting with a tax professional is advisable to navigate the specifics of your situation.