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I can't believe that there is someone else that wants the easy way out instead of finding a way to stick with it. I can understand you wanting to leave your husband if he was abusive to your and or...

I am not an attorney by no means, but It all depends in how your workplace precieves what they see on the tape. Now, if you really did not do anything at all then you should not be nervous at all in...

Here are some just a few questions from an auditing course that I just finshed up that I do not have correct answers for. My answers are in bold, can anyone help out to see if I am correct, if not...

In my last course that I just finished, these are just some of the questions that were asked of me and these are the answers (in bold) that I gave and wondered what others think? Thanks!

Auditors...

After reading a four page article on a company that an auditor deciding whether to include a going-concern explanatory paragraph and footnote in the business financial statement because the business...

These questions did not come out of a textbook, but what I came up as generic questions after reading a 15 page article on Enron and Andersen that I could use some help with. Thanks!...

Hi Joey,

Here is what I came up with:

500+200+900+749+105+400+250+500+350+100= 4054
(700) + (1649) + (505) + (750) + (450)
(2349) + (1255) +...

Thanks AtlantaTaxExpert for your defense here. I really appreciuate it.

Dear Fr. Chuck,

I do not know what your beef is here, but I have already mentioned that these are some discussion questions that I was seeking outside advice from. Yes, I am taking a tax law...

A scenario: If an employee has a general business credit (GBC) of $110,000 in 2004. Net Income tax is $125,000. Net regular tax liability before GBC is $125,000. Tenative minimum tax is $100,000....

So, if a taxpayer is considering to make a $30,000 investment in a venture, which may generate immediate tax benfits to the taxpayer, who does not plan to itemize his/her deductions and is in the 33%...

Thanks! According to page 11 in IRS Publication 463, the 50% deduction includes meal, tips, and cover charges; and the taxi fare is covered 100% as long as it is all or most of it is business related...

Thanks so much, I will have to look closely at Schedule C. So, there must be a difference between a taxpayer spending over $10K and one that spends under $10K when it comes to investigatin expenses....

Yes, I did not notice that I added an extra "A", but it is suppose to be AMT and NOT AMAT. Sorry. Thanks. The amount of the deduction also depends on the type of charity receiving the contribution,...

Even though the capital return is recognized as a gain by the shareholder, the capital return would still cause the basis to decrease? Very interesting. Thanks!

Thanks for confirming as I thought so.

The way I see it is that when a songwriter writes a song, copyrights it, and then sells it to anational song brokerage company for $20,000, this would be considered as an ordinary income and not a...

Could bond premium amortization, a corporate distribution to a shareholder treated as a return of capital in which gain is recognized to the shareholder, and depreciation cause a decrease to the...

So if someone has a AGI of $90,000 and contributed $72,000 in cash to a public charity. What is the deduction allowed to be used for AMAT purpose? By my calcualation it is $45,000. Am I correct?...

A scenario: If an employee has a general business credit (GBC) of $110,000 in 2004. Net Income tax is $125,000. Net regular tax liability before GBC is $125,000. Tenative minimum tax is $100,000....

You gave a very interesting answer because the text book's answer is that this situation would not be deductible at all since the expenses incurred by a taxpayer (friend) is not established in a...

Thanks Ebaines and AtlantaTaxExpert for your answers. Tried to rate bot of your answers but it won't let me until I rate someone else. Sorry. I will download Pub17 and checkout the taqble and pages....

Scenario. Thanks. Can I deduct if the paint job is not good and have to pay someone else to come in and redo it? Can I deduct this as well?

This not homework assignment. My homework assignment is a essay on tax laws. This is a DQ (discussion question) and the textbook is not clear on defining this scenario. I was looking for imput from...

The textbook is not friendly user when it comes to answering these DQ's

This is not homework assignment... daily DQs (discussion questions). Thanks!

For the purpose of computing the deductin for a qualified residience interest. Could my principal residence and one other residence owned by me or by my wife, be considered as a qualified residence...

A hyperthetical question here. If I was a sales rep. and I took a client(s) out to entertain for the year. My expenses are cab fare of $22, Cover charge at a club of $40, dinner at the club is $190,...

Hello,

I am currently taking a course on Income taxaccounting and the textbok that I have for 2007 states that you can file jointly and receive a $10,300 for 2006 or file separately and each...

I have a friend that is a automobile mechanic who is employed by an auot dealership here in town, but is considering opening up a fast food franchise. After spending money on investigating this fast...

I have a hypothectical question here. If I am in the 33% margin tax bracket and on a particlular day I wanted to paint a room in my house. Becausse I have to work, it may be necessary to hire a...

Hello,

I have a hypothetical question here. If I furnished more than 50% of the total support of my daughter and her husband, who live with me and my wife. If my daughter and her husband files a...

Hello,

I am trying to find some good information regarding GAAP versus Income tax accounting. I need to find comparions and contrasts to the two. I could use some help here today. Thanks

Hi Again angelz921,
Good luck! The father should be very lucky to have a woman like you to stand behind him. You are a ware bread! I say this because after my divorce for couple years, I had trouble...

Hey magicraft5,

Just like Ash123 mentions, just give her some time to cool down than flowers and a card and a BIG apology would help. And don't say "Sorry" (over used word). If she does not open...

Hey jshrckstar,

I wish I could enlighten you here, but I can't. I was in the same vote 18 years ago, as you are in now. I thougt we clicked and wanted a relationship, she was two years younger...

Thanks Clough!

I am Sorry Angelz921,

"Hearsay" is evidence based on unverified information heard or received from another person such as a rumor rather than the personal knowledge of a witness and therefore...

Your Welcome! Best of Luck!

Wow! I cannot believe my eyes that no one is out there that does not have his/her own thoughts regarding this question. I figure that there would be more than zero out there that would be respond...

Wow! I cannot believe my eyes that no one is out there that does not have his/her own thoughts regarding this question. I figure that there would be more than zero out there that would be respond...

Wow! I cannot believe my eyes that no one is out there that does not have his/her own thoughts regarding this question. I figure that there would be more than zero out there that would be respond...

Wow! I cannot believe my eyes that no one is out there that does not have his/her own thoughts regarding this question. I figure that there would be more than zero out there that would be respond...

Wow! I cannot believe my eyes that no one is out there that does not have his/her own thoughts regarding this question. I figure that there would be more than zero out there that would be respond...

Wow! I cannot believe my eyes that no one is out there that does not have his/her own thoughts regarding this question. I figure that there would be more than zero out there that would be respond...

Wow! I cannot believe my eyes that no one is out there that does not have his/her own thoughts regarding this question. I figure that there would be more than zero out there that would be respond...

Wow! I cannot believe my eyes that no one is out there that does not have his/her own thoughts regarding this question. I figure that there would be more than zero out there that would be respond...

Wow! I cannot believe my eyes that no one is out there that does not have his/her own thoughts regarding this question. I figure that there would be more than zero out there that would be respond...

Wow! I cannot believe my eyes that no one is out there that does not have his/her own thoughts regarding this question. I figure that there would be more than zero out there that would be respond...

I am sorry to hear about your great loss, my father passed away twenty years ago. Anyway, If there was an attorney present when the trust was set up, maybe seek his/her legal advice instead of others...