Explore the 1,000’s of tax questions answered by professionals.

Taxpayers bought a tax franchise and set up an S-Corp which used the accrual method of accounting. The IRS held .... ... read on

A taxpayer entered into a lease purchase agreement (as the lessor) for her rental house with her renter in 2014. .... ... read on

I took money out of my 401(K) to purchase a new home. I received my 1099-R. Do I have to .... ... read on

I have a client who has a 401a plan (through TIAA CREF) from an employer he recently left. He was .... ... read on

I am a bookkeeper with an accounting question. How do I record year end adjusting entries for costs in excess .... ... read on

How do we correctly book a contract sale for photovoltaic panels, that we take a deposit of 35%, another 35% .... ... read on

We recently changed our QuickBooks program. When we reconcile our bank account to the beginning balance in QuickBooks, the bank .... ... read on

I have a client that is a non-profit. The non-profit owns a thrift store where donations are made and .... ... read on

We have a landscaping business in Florida. We are wondering if we're accounting for salaries appropriately in the cost .... ... read on

I recently was given a balance sheet and income statement and noticed that the balance sheet was prepared on an .... ... read on