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


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

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

I am a partner in a LLC. I use the company gas card for my gas which is not considered .... ... read on

Our company made a down payment on inventory. The manufacturer will ship the order within 30 to 60 days .... ... read on

How do I account for barter transactions? My company is providing a service to another company. That company is .... ... read on

Our business is wholesale. We sell cell phones. We give free merchandise to our best performing customers as a bonus. .... ... read on

A vendor offers to take a share of a company in lieu of taking payment for outstanding invoices. How would .... ... read on

Our company sold inventory after our books and records were finalized for the year. What are the proper journal .... ... read on