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Recent Assessment questions

State Tax offices and links: Can you send me state offices,

State Tax offices and links:Can you send me state offices, links and addresses and phone numbers for the following state agencies?Maryland Silver Spring Montgomery CountyNew York City City of Jamaica Borough of QueensTucson Arizona City of Tucson Pima CountyColorado Springs Colorado

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Mark Taylor

Certified Public Accountant

Masters

880 satisfied customers
About capitol gains tax: What would the Federal Capitol

About capitol gains tax: What would the Federal Capitol gains tax be on 15,675M realized from the sale of a piece of commercial property owned by us in New York City, that we've had and held for about twenty years. Our annual salary is and has been around $120,000.00a year

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18 satisfied customers
IS THERE A STATUTE OF LIMITATIONS ON STATE OF FLORIDA SALES

IS THERE A STATUTE OF LIMITATIONS ON STATE OF FLORIDA SALES AND USE TAXES? IF SO, HOW LONG ONCE THE DEBT AND ASSESSMENT IS GIVEN.

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Robin D.

Vocational, Technical or Trade School

20,922 satisfied customers
I filed my taxes and did not meet the deadline to send in

I filed my taxes and did not meet the deadline to send in the documents requested by the IRS and now I'm hit with a penalty and was wondering if I can still send in the information to be considered for my taxes?

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Mark Taylor

Certified Public Accountant

Masters

880 satisfied customers
I need assistance for the following questions with the given

Hi, I need assistance for the following questions with the given information below:Colorado Springs Company (CSC) is a wholesaler with fiscal year ended December 31 of previous year. Since it is publicly-traded, it undergoes external audit. The most recent audit was completed in February of this year. As part of the audit of the financial statements, the auditors tested the effectiveness of management's assessment of internal control over financial reporting. The auditor found out that existing internal controls were inadequate. Specifically, CSC's accounting system for sales, cash receipts, accounts receivables, and accounts payable had material weakness. The audit revealed that there were:Poor accounting system of recording keepingLate deposits of cash receiptsExcessive aged and high accounts receivable balancesDisregard for early payments for discounts on invoicesLate payments of accounts payable (sometimes due to lack of cash)Lax appropriate segregation of dutiesRelaxed rules on accounting principles' applicationUnqualified supervisor and managementInadequate control on supervisor and management overridesLax oversight by external board of directorsFor each finding above, indicate internal control principle that CSC violated.For each finding above, provide an appropriate recommendation for CSC to correct the weakness.

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18 satisfied customers
Howdy, trying to repo window, hold on, oh well ues

howdyJA: Hello. What seems to be the problem?Customer: trying to repo windowJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: hold onJA: Is there anything else important you think the Accountant should know?Customer: oh well ues

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Barbara

Enrolled Agent, Paralegal

4,992 satisfied customers
I opened a new LLC in NJ on 11/2015. 2 member, husband and

I opened a new LLC in NJ on 11/2015. 2 member, husband and wife. No income in 2015. I bought a small office space, transaction closed in Feb 2016. Do I need to file any taxes in 2015?JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: Can you assist?

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Mark Taylor

Certified Public Accountant

Masters

880 satisfied customers
I'm researching the chances for abatement for late filing of

I'm researching the chances for abatement for late filing of 1120S S-Corp return. S-Corp makes little $ and has only 2 shareholders.JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: Rec'd CP162 Notice for 2013 tax year. Not sure if FTA applies since our accountant had to request an abatement in 2010 due to his mistakes in filing the extensions for all his clients.JA: Is there anything else the Accountant should be aware of?Customer: We have the 2014 returns ready to file so they will show as late also. Wondering if we should address this in the abatement request also or send a separate penalty abatement letter along with the 2014 filing.

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Mark Taylor

Certified Public Accountant

Masters

880 satisfied customers
If i pay the notice of estimate assessment for my foreign

If i pay the notice of estimate assessment for my foreign franchise tax and corp income tax, do i still have to file my tax for that tax year?

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Mark Taylor

Certified Public Accountant

Masters

880 satisfied customers
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