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

One of the three partners in a multi-member LLC which is taxed as a partnership passed away this year. .... ... read on

We have a few servers that we purchased about 3 years ago and never recorded any depreciation on those assets. .... ... read on

We receive a monthly royalty payment for use of our video content on local television stations? How are we suppose .... ... read on

My company just acquired another firm, and with it computer software and licenses estimated at a fair value $400,000. The .... ... read on

I traded in a business vehicle that I owed more than was given as a trade. The book value .... ... read on

If I buy a foreclosure that cost 1,000,000 but the FMV is 1,500,000 then what is the journal entry to .... ... read on

The company requested an employee stay at a hotel for several days, to be closer to work. The company .... ... read on

If I were to prepare a journal entry to record a transaction that involved a corporation purchasing photographic supplies during .... ... read on

How do you account for a private investors loan to your company? ... read on

If a client "donates" a service to a charity, how is that posted? Example: A carwash company gives .... ... read on