central - east central Minnesota - | ozzymydog - 2/5/2019 16:44
How about paying s Corp debt with proceeds from private asset sale. Am wondering how to have the least tax consequences of sale and take care of some Corp debt.
you need some basic under standing of corps, LLC's and tax info.
To answer your question, with the info you provided - No, cant work. Now, go seek a good compatent CPA that specializes in S-Corp tax work and He/She may be able to help you after you give very detailed personal and s=corp info .....
Edited by iseedit 2/5/2019 17:56
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S Corp to llc
