Can you explain what a TIN number is on the 1099 Federal Forms? Is it the EIN number? I am the treasurer of an organization and have never had to fill out 1099 and 1096 forms before. This is for miscellaneous payments.

April 24th, 2023

Can we deduct room and board expenses for a client with dementia who was moved to an assisted living facility and later to a nursing home, and what about personal care expenses, housekeeping, laundry, and senior helpers who assisted with shopping and meal preparation?

July 17th, 2023

I am an artist living in NYC and I just had a client commission a painting. The painting will reside in either MI or CA. Do I need to collect Sales Tax? If so, how much, and who is it paid to?

February 8th, 2024

Can an S-Corp cash basis company expense in 2018 a check that won't be cashed until 2019 even though the check is dated in 2018?

March 28th, 2024

We have an S corp with one stockholder wanting to sell his 45% share to the other two stockholders. The business is valued at $850,000 and has no assets beyond professional consulting services in computer software development. How should this transaction be accounted for in terms of goodwill or otherwise, and what are the tax implications for both the buyer and the seller, as well as for the corporation?

September 30th, 2024