asked
Should a non-profit organization (NFP) issue 1099-MISC forms for payments made to artists as part of a 'Call for Projects' initiative if the payments were more than $600 each, and these payments were grants for which no services were performed?
October 8th, 2023
On May 1, 2017, my cousins and I acquired several buildings. Shouldn't these buildings be depreciated according to IRS rules, namely written off over a 39-year period? Additionally, when we make improvements to these buildings and lease them out, shouldn't our improvements be depreciated over a 15-year period?
August 23rd, 2024
Can I legally have volunteers or interns work for my LLC, which handles sensitive information, without paying them, if the primary purpose is for experience and there is no monetary benefit to the business?
December 9th, 2024
Can I file as head of household if I pay the mortgage payments on my second home, even if I don't live in the home?
April 3rd, 2023
I have a self-directed IRA with Accuplan and want to move my assets to checkbookira.com with an LLC. I have 4 vacant lots and a condo. Accuplan told me I need to get an appraisal for each property and use the appraisal value as the basis for moving my account, not the cost value. They said this is based on IRS rules, but I feel they are trying to discourage me from moving my assets. What should I do?
September 17th, 2023
How should I record the cancellation of a corporation's debt in QuickBooks when a 35% owner of the corporation's stock, who also guaranteed a corporate credit line, files for personal bankruptcy and the debt is discharged without being considered taxable income for the corporation?
August 3rd, 2024