If I get a loan, how do I recognize it in the accounting books with interest payable or should I register interest expense as I am paying it? I am using the cash basis accounting method.

August 1st, 2024

My wife's Social Security benefits are being stolen by her brother, and I have reported this to the Social Security Administration (SSA) but no action has been taken. I have Power of Attorney for my wife and have applied to become her Representative Payee, but I haven't received any response from SSA. What steps can I take to ensure my wife's benefits are protected and how can I expedite the process of becoming her Representative Payee?

October 8th, 2024

I have a multi-member LLC in New Jersey and need advice on how to purchase a car for business purposes. If I am not planning to qualify for Section 179, can I buy any car in my personal name and maintain a record of business use to depreciate over five years? Are there any guidelines for the price of the car?

April 16th, 2024

How do I know what my tax bracket is for my 2019 taxes, and how much can I decrease what I owe to the IRS by putting money into an IRA if my taxable income is $122,207.00 and I filed married jointly?

July 6th, 2024

I own a 62.5% share in an LLC with a business partner who owns the remaining 37.5%. How do we handle business and personal taxes on our respective shares of the company's profits?

May 19th, 2023