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Master ' s Degree

Major or Emphasis:

Public Administration

Professional Licenses:

CPA

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Other Recent Questions by William Ellis, CPA

Question	Date Submitted

I own a small business. The business have been losing money	6/3/2012
A sub s corp has two pieces of real estate. For example purposes,	6/3/2012
How many years can a septic system and a garage be depreciated	5/27/2012
If I have about 500,000 in slot machine winnings, but of course	5/18/2012
Ok my client going through the audit for 08/09/10. In 2010	5/8/2012
I have purchased the interest of 5 limited partners in a LP	5/7/2012
I am preparing a 1041 for 2010 (fiscal year) for a decedents	3/11/2012
Should I pay my taxes through taking out a personal loan or	2/19/2012
Tim and Monica Nelson are married, file a joint return, and	2/19/2012
My mom died in PA in Nov. 11, 2011 and had only $806 in bank	2/19/2012
We raise beef cattle. We havent sold any beef since 2006.	2/12/2012
i filed my returns for 2010 and they were rejected and i wasnt	2/4/2012
Concerning a 501c3 Non-profit, what is the best way to compensate	1/27/2012
What is capital gains tax?	1/27/2012
Hi, I am a real estate broker and I am issuing 1099s for	1/27/2012
This gets tricky. Terminated as an employee in Oct. 2010,	1/27/2012
2 member Sub s corp. in Iowa sub s consists only of farm land 1	1/26/2012
My former CPA has filed 5 years of returns not taking the credit	1/24/2012
In our divorce decree, my ex husband has 100% responsibility	1/23/2012
How do I calculate the minumum and maximum federal tax withholding	1/22/2012
If money received through an inheritance is used to purchase	1/22/2012
On a $15,000 Roth IRA fund, what would the penalty for an early	1/21/2012
I hope this is an easy question. I am a self employed Engineer.	1/21/2012
Good day. I hope you can assist. I have just started a small	1/21/2012
re. tax code title 26, section 131: does this exemption code	1/20/2012
So, this type of transaction is not anyhow different from any	1/19/2012
What is the best way to sell real estate for C-corporation?	1/19/2012
I have a loan against my 401k. I have looked into a hardship	1/19/2012
We are a construction company and have a C corporation that	1/19/2012
LLC-Basis-Loss Carry-forwards. Help me better understand	1/19/2012
how do you claim cash income with an s corp	1/18/2012
I have an S-corporation (Company A) that owns a building and	1/18/2012
My client sold his business as follows: Owner agreed to	1/18/2012
My QuickBooks balance sheet is perfect and balanced, yet when	1/17/2012
If you are familiar with Puerto Rico can you let me know about	1/16/2012
Currently, a parent company that receives dividends from a	1/16/2012
partners a and contributed $100,000 each to form partnership	1/16/2012
Need detailed example for taxes of LLC with foreign member We	1/13/2012
I have an LLC registered in Nevada formed in Sep 2011. My husband	1/11/2012
My son-in-law lost his job 13 months ago. Our daughters job	1/9/2012
Employee, filed part year return for HI and MD (10% time spend	1/5/2012
PLEEEEEEEASE ONLY ANSWER IF YOU ARE EXPERIENCED IN AREA OF	1/5/2012
Can I depreciate commercial building improvements such as fit	12/27/2011
Do you charge tax to a customer when u sell an exercise DVD	12/26/2011
I run a single person service company and am considering purchasing	12/26/2011
If a Director/50% owner takes money out of the company and	12/26/2011
I incorporated a nonprofit organization on 1/18/11. The only	12/14/2011
Fraud Loss? I invested $50,000 in a fractional share of a	12/13/2011
My husband started a Partnership LLC in Connecticut. As of	12/9/2011
I have only made a little over $6000 this year and have been	12/6/2011
I want to start a church in Tn. I am a visitor of USA, not	12/6/2011
I own a small business with my Wife. It is an LLC. I used	12/6/2011
WE own a business as a S Corporation and we want to buy the	12/6/2011
My S-corp had a negative figure for retained earnings at end	12/5/2011
I am seventy years old.I live in NC. If I sell my inherited	12/5/2011
My law partner and I were the sole shareholders of our Arizona	12/5/2011
As a foreigner wich are the most significant diferences between	12/2/2011
What is the best way to hold mortgaged real estate to save	12/2/2011
Earlier this year I used airline miles for a round trip domestic	12/1/2011
A while ago I asked a question to one of the many accountants	12/1/2011
I live in Georgia and I am 62 years of age. I am considering	11/10/2011
Mfg & resale/retail C Corp is expanding. Corp & entities are	11/3/2011
several years ago i was refused a tax for rent paid,	11/2/2011
Last year I invested in some Capital Trust preferred shares	10/11/2011
we have a craft business that we are on the road to craft shows	9/9/2011
closely held ccorp question, In 2008 and 2009 Fed and State	9/8/2011
I am trying to depreciate a lease improvement for a restaurant.	8/12/2011
The IRS has put a hold or lend on my neices paroll account	8/9/2011
We were operating a sole propriertoship medical practice with	8/9/2011
I own a business that installs lights and decorations, mainly	8/8/2011
We own a construction business, and we are thinking of selling	8/8/2011
re: 2009 tax question IRS - home interest Facts: somebody	7/25/2011
What is the definition/significance of escrow?	7/21/2011
Prepare a revised income statement assuming the envelope product	7/20/2011
I file married filing separately. My husband is a self proprietor	6/27/2011
We have a company that has been filing a consolidated return	6/27/2011
how much of a tax break do banks get when they charge off bad	6/23/2011
A married couple purchases a home together in December, 2009	6/23/2011
I am about to distribute stocks from my Fathers estate and	6/20/2011
If I have a partial payment plan with the IRS- & then start	6/20/2011
I am an accounting student and need clarification on partnership	6/19/2011
My husband and I own our own business. We want to decide on	6/10/2011
I will be writing a payroll check for $ 425.00. I will be	6/8/2011
I am filling out a Florida SALES AND USE TAX RETURN. Part	6/7/2011
I recently married. My husband is from Florida and I live	6/7/2011
irs rejected my 2010 return bcause of the pin number i called	6/7/2011
My house was worth $700,000 I sold it for $430,000 due to	6/7/2011
For reference, I am using Taxslayer.com to figure out my taxes.	6/5/2011
I HAVE S FURNISHED RENTAL PROPERTY IN HOUSTO FOR WHICH I PAID	6/3/2011
What IRS code do I need to work under while starting a business	5/31/2011
we just tore out an old emmissions treatment building and replaced	5/31/2011
i have just received my notice of assessment, and the second	5/31/2011
if your insolvency is (179,000) and your 1099C will be 295,000	5/9/2011
Im the truste of a Irrevocable Mineral Trust Fund with two	4/27/2011
I have a client who just bought a Range Rover for $97k, the	4/25/2011
Hi, my name is XXXXX XXXXX Im looking for advise on California	4/22/2011
I run a non profit 501 c 3. I am to hire a program director	12/13/2010
Our church allows another church congregation to also use our	12/13/2010
I purchased a Bond in 2008 at a discount which was called in 2010	12/10/2010
What are the implications for a company in another state that	12/8/2010

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