I have questions about a non-profit organization under code 501c. The organization is planning to buy a property for about 5 million dollars. What are the things I need to consider to get the loan approved, and how should the revenue be recognized for the non-profit organization, especially in terms of donations and inclined revenue?

December 22nd, 2023

Last year, I started a business on Amazon as a seller. I took out a loan of $10,000, bought goods in China, and brought them to the United States to a warehouse. I ended up selling very little, and Amazon returned the unsold items to me, leaving me with a debt of $5,000 to Amazon. Can I write off this loan as a business loss, and how?

October 13th, 2024

Do I need to file taxes for the two weeks in December 2022 when I arrived in Canada before the start of my MBA program in January 2023?

August 9th, 2024

I made energy improvements to my principal residence by installing solar panels in 2023. I signed the contract and loan in 2022. Can I claim the 30% tax credit on my 2022 tax return by including the total costs/financed amount?

December 2nd, 2024

I have a question about the distribution of inventory from a closing corporation. The sole shareholder receives all the inventory of the closed corporation. He has no basis in his stock. Should I put the value of the inventory at cost as a liquidating non-cash distribution on a 1099 DIV?

July 23rd, 2024