On the de minimis safe harbor election, I read this articlehi Barbara, on the de minimis safe harbor election, I read this article that seems to place some limitation on these type deductions when we are dealing with a new construction which we are in my case… read more
Barbara
Enrolled Agent, Paralegal
4,948 satisfied customers
I have a short term vacation rental home, just completedI have a short term vacation rental home, just completed last year and put into service October 2017. I am having trouble categorizing things to expense and depreciate. like appliances, dishes/towels,… read more
Barbara
Enrolled Agent, Paralegal
4,948 satisfied customers
Comprehensive Tax Return Problem 2 Neil. (age 42) and Mae R.Comprehensive Tax Return Problem 2 Neil B. (age 42) and Mae R. (age 48) King are married and live at XXXXX, Kansas City, MO 64114. Neil is a chemist employed by XXXXX Pharmaceuticals, Inc., and Mae is… read more
Manal Elkhoshkhany
Bachelor's Degree
520 satisfied customers
Must show Excel Formulations. Southwestern Wear Inc. has theMust show Excel Formulations. Southwestern Wear Inc. has the following balance sheet: Current assets $1,875,000 Accounts payable $375,000 Fixed Assets 1,875,000 Notes Payable 750,000 Subordinated debe… read more
Manal Elkhoshkhany
Bachelor's Degree
520 satisfied customers
Please, could you advise, I would like to register Ltd withHelloPlease, could you advise, I would like to register Ltd with company house but not sure which SIC Code to use. This is for my friend. She will be selling wooden houses to clients. She will get the… read more
F. Naz
B.Com
CA Finalist & Completed B.com
330 satisfied customers
Could you, please, advise? I am planning to hire contractorHelloCould you, please, advise? I am planning to hire contractor for bookkeeping task. She is still student (29 years), working for somebody ells on PAYE at the same time. What is the best way to pay … read more
F. Naz
B.Com
CA Finalist & Completed B.com
330 satisfied customers
A fast paced small group in a large corporation has oneA fast paced small group in a large corporation has one secretary assisting the group members with business travel planning, bookings and reporting. The secretary looks like getting close to retiremen… read more
Susan Markel
4th Grade Teacher
Bachelor\u0027s Degree
5 satisfied customers
Part3 Homework3 Stock Journal- Indicate the companies youquot;For Manal Elkhoshkhany" Part3 Homework3Stock Journal- Indicate the companies you are investing in: Select three (3) US companies that are publicly traded. Please use your knowledge and experience… read more
Manal Elkhoshkhany
Bachelor's Degree
520 satisfied customers
I dont understand this problem at all. Compare the effectsCompare the effects of an aggregate-demand-induced recession with an aggregate-supply-induced recession. How would you recognize that a recession is induced by demand or supply? What policies would be appropriate in the first case and what in the second? … read more
GLENN
Master of Mathematics
397 satisfied customers
Donations made to charity have to go to the schedule A andBarbara, Donations made to charity have to go to the schedule A and not the schedule C, right? If a small business (sch C) makes a donation to charity, could it possibly go under advertising expense i… read more
Barbara
Enrolled Agent, Paralegal
4,948 satisfied customers
On January 1, 2012, Company purchased 80% of Selby CompanyOn January 1, 2012, Perry Company purchased 80% of Selby Company for $999,700. At that time Selby had capital stock outstanding of $347,800 and retained earnings of $377,200.The fair value of Selby Co… read more
F. Naz
B.Com
CA Finalist & Completed B.com
330 satisfied customers
Partner X is a 50% partner in the XY Partnership that hasPartner X is a 50% partner in the XY Partnership that has the following assets and liabilities at year end.Machine Basis $9,000 Value $21,000 Land Basis $80,000 Value $100,000 Note 1 Basis $15,000 Val… read more
Manal Elkhoshkhany
Bachelor's Degree
520 satisfied customers
Partner X is a 50% partner in the ST Partnership that hasPartner X is a 50% partner in the ST Partnership that has the following assets and liabilities at year end. Assume the book basis and tax basis are the same amount.Building Basis $90,000 Value $100,00… read more
Manal Elkhoshkhany
Bachelor's Degree
520 satisfied customers
The WXYZ Partnership has the following two assets before itsThe WXYZ Partnership has the following two assets before its liquidating distribution to partner W:Accounts receivable Basis $0 Value $20,000 Capital assets Basis $12,000 Value $20,000If partner with … read more
Manal Elkhoshkhany
Bachelor's Degree
520 satisfied customers
S and T are equal partners in the ST Partnership and shareS and T are equal partners in the ST Partnership and share profits and losses accordingly. At the end of the current year, the partnerships capital accounts reflect the following numbers due to a spec… read more
Manal Elkhoshkhany
Bachelor's Degree
520 satisfied customers
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