I received an invoice from Sysco for a large food order. Later, they gave me a credit for items on that invoice out of 'good faith'. How do I account for this in QuickBooks without reducing inventory?

May 30th, 2024

I had a rental real estate property that was burnt and demolished in 2012, and I received an insurance settlement that year. I plan to replace the rental real estate in 2013 and 2014. How can I exclude the 2012 gain from my taxes and apply it to the newly purchased properties?

October 4th, 2024

If I co-own a home but live in another location where I rent, and I still take care of the house, pay money on the house, and pay the bills for the house, can I claim the interest for the house in my tax return as if I still lived there full-time? My sister and my father, who is also a co-owner but does not work, live there. I also spend the night there occasionally.

December 10th, 2023

As a Canadian consultant who worked in the US for over 183 days and billed through my Canadian corporation, do I need to file a D-30 (Unincorporated Franchise Tax Form) in addition to the D-20 (Incorporated Franchise Tax Form) for DC, given that I am not a DC resident and worked there less than 183 days?

October 30th, 2024

Can we use 529 plan funds to pay for part of our mortgage cost while my wife is taking online and/or physical classes at a university, given that she is a co-borrower on the mortgage and the cost is less than the university's estimated room and board expenses?

September 4th, 2024