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Does a17 acre fenced horses and barns, is it a farm? Does

Does a17 acre fenced horses and barns, is it a farm?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: Does the above mmeet the define a farm for the irs?JA: Is there anything else important you think the Accountant should know?Customer: gardens on property

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Lane

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Should I rent an apartment or own a condo if I need to move

Should I rent an apartment or own a condo if I need to move within the next few months? I've been living in a 1 bedroom apartment where I pay $825/month on a month-to-month lease for 2 years. I'm trying to decide whether I should move into a 2 bedroom apartment for $900/month. There are 2 bedroom condos available to own for under 100k/month. I have 5k saved for a down payment. How much would I need to save to get a low interest mortgage and move in the next few months without paying for PMI?

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Dr. Fiona Chen

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I am an employee of a US based company (a US subsidiary)

Hi,I am an employee of a US based company (a US subsidiary) that has a parent company overseas (the parent company owes 100% of the US subsidiary). Part of my current agreement with the US based company is that I am entitled to a stock options plan.I recall from my last employment (with a different company) that I had to pay taxes on the stock option since it was given to me as part of an employer-employee relationship (it was ordinary income on the date the stock options were granted). However, this time my US employer told me that the stock options will be issued by the overseas parent company (I am not sure why).How will this change my situation? Will it be reported on my US W2 even if it wasn't issued by my employer?Could you please advise.Thanks!

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37,966 satisfied customers
I just received a letter from the IRS stating your federal

I just received a letter from the IRS stating your federal income tax return for 2014 was selected for a compliance research examination they are examining 5 items from sch A and sch D 2 items and sch E1 schA lines 5...6..71040 interest taxable and 1040 line 21 gambling winnings i'm 60 years old and NEVER had anything like this.. the accountant will be going with me i have a meeting with him on weds...question is why are they doing this...what should i say or not say... how do i go through with this audit without headaches...all my taxes were paid without question..the 116,117 in gambling wins the lottery takes out 33% right out of the checks they issye you,,so they more then received every penny then some...i doubt i would need a lawyer present as a spokesman i need your advice on this issue it has my blood pressure soaringregardsmark

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Dr. Fiona Chen

President

Ph.D.

556 satisfied customers
If landlord is delivering space turn key with a buildout

If landlord is delivering space turn key with a buildout cost of 600,000 on a 15 year lease with rental income of 4,257,609 how does landlord amortize that

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Dr. Fiona Chen

President

Ph.D.

556 satisfied customers
I am thinking about moving my counseling practice (LLC) from

I am thinking about moving my counseling practice (LLC) from Florence, KY (Boone Co) to Cincinnati, KY (Hamilton County) because I was told that there is a tax advantage enacted by the OH governor. There are other reasons for possibly moving, but I wanted to see if the tax advantage was significant.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,732 satisfied customers
QUESTION: For i 864, how do I calculate current individual

For JamesQUESTION: For i 864, how do I calculate current individual annual income. I have paystubs for 8mos starting January until Aug this year. I am full time receiving a salary of 20/hr for 80hrs bi-weekly, with incentives and bonus in between months. Should I get the YTD gross and divide by 8 then multiply by 12 mos?ANSWER: First, you should supply paystubs. Second, you should do exactly as you described - extrapolate your annual income based on what you've earned .Question: Should I calculate based on base pay the remaining Aug to Dec? then add the Gross YTD of $27,000 from Jan to July 2016? Do I need to put exact figures? I'm not sure if I will receive bonus or overtime pay for the remaining months of Aug to Dec.Would you kindly give me sample computation? Tnx

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Mark Taylor

Certified Public Accountant

Masters

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I was wondering how much money i can make on top of my SSD

I was wondering how much money i can make on top of my SSD monthly payments,i haven't worked for six months, that's why i'm wondering

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Dr. Fiona Chen

President

Ph.D.

556 satisfied customers
Section 179 automobile depreciation Tesla Model X - $110,000

section 179 automobile depreciationTesla Model X - $110,000SUV with gross weight about 6500 lb.Car used 50% business and 50% personalHow much I can claim for depreciation expense for the next 6 years, starting 2016?Can the car be bought under personal name or does it have to be under company name?In either case, can I still claim the $7500 federal Tax credit?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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