Please answer this tax question.

1:Amanda transfers inventory (adjusted basis $15,000; FMV $50,000) and accounts receivable ($0; $110,000) from her trade and business to the ABC Partnership. The ABC partnership sells the accounts receivable four years after the contribution and sells the inventory six years after the contribution. At the same time she contributes the inventory and AR, she also contributes land (a capital asset) not used in her business with an adjusted basis of $150,000 and a FMV of $80,000 to the partnership. Four years after the contribution, the partnership sells the land for $70,000. The land is used in the partnerships business. How much gain/loss does Amanda recognize when she transfers property to the partnership? How much gain/loss does the partnership recognize when the assets are sold? What is the character of that gain or loss?

2: Madison and Doug are planning on starting a dot-com business in which they both participate on an active basis. They both have enough savings to finance the business. The two owners are equally concerned about limited liability for the owners and minimizing their income taxes. The annual earnings are expected to be $2,000,000 and all after-tax profits will be distributed to Madison and Doug. They are both in the 37% income tax bracket and will be receiving a reasonable salary of $10,000 each. Advice them on their choice of business form.

3:John has an April 30th fiscal year end and a 15% interest in the profits and capital of the DCL partnership. Maria has a 20% interest in the capital and profits of the DCL partnership and also has an April 30th fiscal year end. All other partners have an interest of 2% or less in partnership profits and capital. What is the required tax year of the partnership? Are there any other alternatives available if that tax year is found to be undesirable