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(b) Computation of corporation's taxable income of an S corporation shall be computed in the same manner as in the case of an individual, ...
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1363 bpmd stands for Business Property Statement and some useful information.
Businesses that own personal property used in a trade or business in California are required to file 1363 bpmd.
To fill out 1363 bpmd, you need to provide information about your business property including acquisition cost, year of acquisition, and location.
The purpose of 1363 bpmd is to report business personal property for tax assessment purposes.
Information such as the description of property, acquisition cost, year of acquisition, and location must be reported on 1363 bpmd.
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