How can I get a GA state tax lien that was filed in error off my TransUnion credit report, especially when GA state refuses to acknowledge the error and TransUnion requires the lien to be withdrawn?

September 28th, 2024

What is the net worth of a corporation that has $145,000 in the bank, $300,000 in a Profit Sharing Plan (to be divided between the 2 owners), and $110,000 in accounts receivable expected to be collected in full? Is it fair to assume that a corporation can borrow against or use a percentage of the Profit Sharing Plan funds without breaching fiduciary responsibilities?

April 1st, 2023

I have a partnership and the only asset we have is our client list. If we sell that, how is it reported on the form 1065?

January 5th, 2023

I won a trip to Disney Land last year and received a 1099 misc for 2016, but I am just going on the trip in 2017. Should I declare it as income for 2016 or this year?

April 28th, 2023

How should a 1099 MISC for a lump sum payment from a non-qualified retirement benefit that was rolled over into an IRA be reported on a 1040, and is there a specific IRS form for this? Additionally, can the lump sum payment be eligible for a 10-year tax deferral?

May 20th, 2024