Professional Corporations Handbook

Professional Corporations Handbook

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As part of the purchase price, Mr. Seidel traded a 1962 Chevrolet Impala on which he was allowed $1, 550.85. ... he did not claim a deduction for depreciation in connection with the business use of the Toronado on his retums for 1965, 1966 , or 1967. ... On its 1968 return, the corporation treated the Toronado as having an adjusted basis of $2, 000 when it was traded on ... or custom having the effect of a plan) providing for the payment of amounts to the employee in the event of personalanbsp;...

Title:Professional Corporations Handbook
Author:Commerce Clearing House
Publisher: - 1973


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