How should I record the journal entry for a building purchase where the total cost was $800,000, including $29,768.09 in taxes and $9,434.14 in seller expenses, and the loan amount was $760,797.77?

June 16th, 2024

I would like the amount of last year's return so I can file. I am located in Quechee, VT, 58 years old, single, and have no dependents. What is my typical filing status, and do you know roughly what I made this year?

July 28th, 2023

Do I have to file Form 1041 for an estate with an EIN, or can I file the deceased individual's final Form 1040 instead?

February 2nd, 2023

I own 50% of my medical practice. My 2 business partners are 25% owners each. I'm receiving part of my compensation as payment through the company of a LOC that I was paying prior to forming the partnership for expenses related to the start-up. The LOC will be paid off in 2 months. What are my options to continue to receive this compensation, other than receiving a direct payment (with tax consequences)? Can I use the LOC in any legal way to continue to have the company pay for this and therefore avoid the direct compensation with its tax consequences?

October 6th, 2023

My boss has recently registered ACN in Australia Pty Ltd and GST. Does he have to wait 3 months for the first BAS statement to submit his past receipts for tax return, even though he has business receipts dating back past 2 years?

April 24th, 2023