What are the tax consequences of the transaction
Question: What happens if two individuals form a S-Corporation? One person contributes $100,000 for 50% ownership, and the other person contributes services for a 50% interest. What are the tax consequences of this transaction?
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One person contributes $100,000 for 50% ownership, and the other person contributes services for a 50% interest. What are tax consequences of transaction?
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