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PDtax's A Certified public Accountant was verified on or about January 2012 by a leading third-party verification service.

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in Tax, Finance, Social Security
Current Job Title:
Owner
Most Advanced Degree:
Master ' s Degree
Major or Emphasis:
Accounting / Business Administration
Professional Licenses:
CPA

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Recent Questions by PDtax

  • I have inherited my childhood home in a hot real estate area
    Hello, I have inherited my childhood home in a hot real estate area in Texas (although it seems to be slowing). I have been debating on whether to sell it or move into it because it is actually a nicer home and neighborhood for my son. It does need some repairs and updating which will take some time and money. However, I am afraid that if I hold onto it and wait to do this that the property value of my current home will go down due to the current economy. My choices right now are1. To sell it "as is" and hang onto the money (approximately $175 - $200K) so that it can make our lives a bit easier now and, perhaps, be used for another home that we like in the future.
    2. To make minor improvements to sell for $250 - $275K which will also take a few months.
    2. Hold onto it and, in maybe about 3-6 months, remodel/update it and move into it.I am 53 years old and have teacher retirement that I have invested into for 20-years as well as a 403(b) plan that only has about $22K so I am far from being financially able to retire when I am eligible to do so in 10-years. I would appreciate any advice that you can provide.

  • Recently received a call from I'm not sure indicated that
    Recently received a call from I'm not sure indicated that they were pursuing me regarding a bad check I have filed bankruptcy a few years back was stated that they represented all U S banks and that they were pursuing me regarding a bad check I have no recollection of such particularly when residing in Chicago where is where they said attempts to reach me via mail have not resided there since at least 2002 was threatened that my Bank accounts would be frozen and would no longer be able to use the banking system don't have any idea with whom or how I could resolve this matter if it has any validity

  • I have a client who owns a yogurt franchise. The QB file
    I have a client who owns a yogurt franchise. The QB file does not track inventory just COGS. The client will file taxes on a cash basis for 2021. The Waste Loss need to be recorded for the business and I am uncertain how to properly make this journal entry.
    JA: Have you talked to a financial professional about this?
    Customer: no
    JA: Is there anything else the Accountant should know before I connect you? Rest assured that they'll be able to help you.
    Customer: no
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Second opinion] I am a makeup artist, sole proprietor, 5/18/2022
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Second opinion] I know a few people who have had a trustee 5/10/2022
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