Questions and Answers

WiseSaver

0 Votes

5 Answers

1861 Views

What states do not have income and/or sales tax?

Apr 21, 2011 by WiseSaver Follow Answer

Category: Tax Planning

Telecom Advisor

0 Votes

1 Answer

1704 Views

Is Alan Greenspan responsible for the current financial crisis?

Jul 5, 2011 by Telecom Advisor Follow Answer

Category: Personal Finance

Academix

0 Votes

1 Answer

1763 Views

Should Realtors receive a fee for promoting home warranty policies to homeowners?

Jul 7, 2011 by Academix Follow Answer

Category: Real Estate

Trajce Panov

0 Votes

4 Answers

1820 Views

I have received Form 5498. Do I have to include it in my tax return?

Feb 8, 2011 by Trajce Panov Follow Answer

Category: Tax Planning

Bogie Boric

0 Votes

1 Answer

2163 Views

How would you close this Balance Sheet (B/S) asset on the Final Return for S-Corp?
Cost: 60K – Depreciation 32K = Book Value 28K

Auto Loan (Liability) – 22K

Auto was sold to the shareholder (S/H) for 45K (FMV).

How would you 1) zero-out this B/S item on S-Corp return, 2) where are proceeds flowing and 3) how would you show that S/H had assumed this liability (if needed)?

Feb 1, 2011 by Bogie Boric Follow Answer

Category: Tax Planning

File Your Taxes Online

0 Votes

2 Answers

1670 Views

What is “Virtual Staging” concept?

Aug 16, 2010 by File Your Taxes Online Follow Answer

Category: Real Estate

Peter Suhai

0 Votes

3 Answers

2014 Views

Is SSI (Supplemental Security Income) taxable?

Jan 20, 2011 by Peter Suhai Follow Answer

Category: Tax Planning

Kerry Freeman EA

0 Votes

6 Answers

1823 Views

To my peers, Since schedule A's will be delayed, What are you doing and what are you telling taxpayers?

Jan 5, 2011 by Kerry Freeman EA Follow Answer

Category: Tax Planning

Trajce Panov

0 Votes

2 Answers

1907 Views

Is your ZIP code still a factor in determining cost of auto insurance premiums in California?

Aug 30, 2010 by Trajce Panov Follow Answer

Category: Insurance

Delta Grant

0 Votes

4 Answers

2460 Views

What is "IRS 8b Payout"?

Jul 21, 2010 by Delta Grant Follow Answer

Category: Tax Planning

Cristi

0 Votes

5 Answers

2255 Views

My partner and I are registered domestic partners in California. Can she claim Head of Household since my son lives with us? I read the requirements and it does say "stepchild" so I guess the question is.... Is he considered to be her stepchild in the eyes of the "tax gods"?

Aug 2, 2010 by Cristi Follow Answer

Category: Tax Planning

Telecom Advisor

0 Votes

2 Answers

1929 Views

Should small businesses rely on credit cards to finance day-to-day operations?

Jul 18, 2010 by Telecom Advisor Follow Answer

Category: Personal Finance

Tax Advisors

0 Votes

2 Answers

1892 Views

Does anyone know any details about 3.8% tax on home sales?

Jul 7, 2010 by Tax Advisors Follow Answer

Category: Real Estate

Academix

0 Votes

6 Answers

1872 Views

What surrogacy expenses can I deduct on my tax return? How about payments and expenses for egg donor?

Jul 6, 2010 by Academix Follow Answer

Category: Tax Planning

WiseSaver

0 Votes

9 Answers

1712 Views

I understand the first-time home buyer credit has been extended to April 2010. Does anyone know what kind of changes have been made in order for me to qualify?

Jan 13, 2010 by WiseSaver Follow Answer

Category: Home Loans