Newest Tax Accounting Questions | Wyzant Ask An Expert

Tax Accounting Managerial Accounting Financial Accounting

04/13/25

Accounting: The Language of Business- Discussion Questions

1: What types of people or organizations are interested in financial information about a firm, and why are they interested in this information?2: What is the function of the Securities and Exchange... more

Follows • 1

Answers •1

Tax Accounting Managerial Accounting Financial Accounting

04/13/25

Accounting: The Language of Business

Why is Accounting called the "language of business"?

Follows • 1

Answers •3

Tax Accounting Managerial Accounting Financial Accounting

03/22/25

What's the difference between cash and accrual in accounting?

One of the hardest concepts for new Accountants to grasp is the difference between cash based accounting and accrual accounting.

Follows • 0

Answers •3

Tax Accounting

02/01/25

Need 1098-T Form

Please provide me 1098-T form duly filled in for the year 2024. Debangshi has been taken Tuition class from January 2024 to December 2024.I need that document for Tax filing.

Follows • 1

Answers •1

Tax Accounting Financial Accounting

10/29/24

Calculate the deduction taken in 2024 and 2025 if Gray gifts the land to charity in 2024.

In 2024, Gray Corporation, a calendar year Ccorporation, holds a $75,000 charitablecontribution carryover from a gift made in 2019.Gray is contemplating a gift of land to a qualifiedcharity in... more

Follows • 1

Answers •1

Tax Accounting Financial Accounting

10/29/24

Andy reported the following gains and losses from the sale of capital assets

Andy reported the following gains and losses from the sale of capital assets: • Loss on Pigeon Corporation stock (held 9 months): (15,000) • Gain on Dove, Inc. stock (held for 2 years): 5,000 •... more

Follows • 1

Answers •1

Tax Accounting Financial Accounting

10/29/24

How much income tax results if Olivia has income of $500,000? If her income is $50,000?

During the year, Olivia had the following transactions involving capital assets: Gain on the sale of unimproved land (held as an investment for 4 years) $4,000,Loss on the sale of a camper... more

Follows • 1

Answers •1

Tax Accounting Managerial Accounting Financial Accounting

10/02/24

Use the following information to complete a 1040 for Kyle and Ariana Bruney for 2023

Use the following information to complete a 1040 for Kyle and Ariana Bruney for 2023. forms are available at www.irs.gov. Show the 1040 and any supporting schedules and forms. You do not need to... more

Follows • 1

Answers •1

Tax Accounting Quickbooks Managerial Accounting Financial Accounting

07/10/24

When should you seek the advice of a Tax Professional?

Do you feel that QuickBooks tutors should be giving tax advice?I am often asked to give advice on tax related questions, or they will ask how to make a certain entry that affects how taxes are... more

Follows • 1

Answers •1

Tax Accounting Financial Accounting

04/07/24

What does it mean to have Negotiability?

Negotiability permits an obligation to pass freely by assignment as a substitute for the money. It is acceptable on its face.

Follows • 1

Answers •1

Tax Accounting

03/18/24

W-9 form working w/ Org.

I am inquiring if you happen to have W-9 form, we are an Assisted Living organization.

Follows • 1

Answers •1

Tax Accounting Managerial Accounting Financial Accounting

10/06/23

Need help finding the missing balance for this

Prepare a December 31 trial balance for Jindal Company using the following information and fill in the missing amount for Equipment (assume all data are correct). Cash $ 8,000 Accounts... more

Follows • 1

Answers •1

Tax Accounting

09/26/23

Need help with unadjusted trial balance. Something is missing when I complete this.

MyBnB started a home rental company on January 1. As of November 30, MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first... more

Follows • 1

Answers •1

Tax Accounting Math

09/20/23

Calculate the change in monthly take-home pay when you make monthly contributions of $225 to a tax-deferred savings plan. Assume you are single and have a taxable income of $15000.

Tax Rate Single Married Filing Jointly Married Filing Separately Head of Household 10% up to $9950 up to $19,900 up to $9950 up to $14,200 12% up to $40,525 up to $81,050 up to... more

Follows • 1

Answers •1

Tax Accounting

08/17/23

Are active (general) partnership income considered earned business income and do they file a K1 to report wage? Can partnerships also receive W2?

Is limited partnership income considered unearned or passive income and what form do the wages flow through on, do they have to file a schedule D?Are active (general) partnership income considered... more

Follows • 1

Answers •1

Tax Accounting

08/17/23

What is investment income that is distribution to a partner in a partnership called? Is is considered business income, unearned income, do you pay Self Employment tax on this income?

Follows • 1

Answers •1

Tax Accounting

08/03/23

When do you expense vs depreciate a business item?

Follows • 1

Answers •1

Tax Accounting Math Algebra 1 Prealgebra

04/16/23

Question around tax and percentages.

A rare painting increased in value 3,100% over the past 49 years. This was an increase of $33,000. What was the value of the painting 49 years ago? What is the value of the painting now?My answer... more

Follows • 1

Answers •2

Tax Accounting Calculus

11/13/22

How do i Find the tax amount given the original price and the tax rate. Round to the nearest cent if necessary. Original price: $58.73 Tax: 6.5%

Im in the 7th grade and i just cant seem to get this right i tried all types of different ways and its not working.

Follows • 1

Answers •1

Tax Accounting Math Business Finance

10/29/22

You're a business owner that takes out a home equity line of credit. The debt is the owner's, not of the business. How do you account for any money drawn out of the HELOC and put into the business?

Follows • 1

Answers •3

Tax Accounting Math Business Gmat

10/29/22

I'm a teenager in high school working my first summer job. Do I have to complete Form W4?

Follow me for more fun taxation and accounting tips @gmacericpa.

Follows • 1

Answers •2

Tax Accounting

10/29/22

Are my work clothes tax deductible?

So you started a new job and bought a new wardrobe. Is this tax deductible?

Follows • 1

Answers •1

Tax Accounting Business Managerial Accounting Financial Accounting

10/29/22

Accounting Question

Journalise the following transactions, post them into ledger and balance theaccounts: 1 st April 2022 Ashok commenced business with cash Rs. 1,20,0003 rd April 2022 Purchased furniture for cash Rs.... more

Follows • 2

Answers •1

Tax Accounting Math Financial Accounting

10/27/22

If the amount is 25 and it increases by 5% per month then what will the amount be after 12 month?

Follows • 1

Answers •1

Tax Accounting Law

10/12/22

forming a legal entitys

we need detailed information about forming llc or s corp and holding company all pros and cons where to start what's required taxes for ecommerce business ...

Follows • 1

Answers •1

Accounting: The Language of Business- Discussion Questions

Accounting: The Language of Business

What's the difference between cash and accrual in accounting?

Need 1098-T Form

Calculate the deduction taken in 2024 and 2025 if Gray gifts the land to charity in 2024.

Andy reported the following gains and losses from the sale of capital assets

How much income tax results if Olivia has income of $500,000? If her income is $50,000?

Use the following information to complete a 1040 for Kyle and Ariana Bruney for 2023

When should you seek the advice of a Tax Professional?

What does it mean to have Negotiability?

W-9 form working w/ Org.

Need help finding the missing balance for this

Need help with unadjusted trial balance. Something is missing when I complete this.

Calculate the change in monthly​ take-home pay when you make monthly contributions of ​$225 to a​ tax-deferred savings plan. Assume you are single and have a taxable income of ​$15000.

Are active (general) partnership income considered earned business income and do they file a K1 to report wage? Can partnerships also receive W2?

What is investment income that is distribution to a partner in a partnership called? Is is considered business income, unearned income, do you pay Self Employment tax on this income?

When do you expense vs depreciate a business item?

Question around tax and percentages.

How do i Find the tax amount given the original price and the tax rate. Round to the nearest cent if necessary. Original price: $58.73 Tax: 6.5%

You're a business owner that takes out a home equity line of credit. The debt is the owner's, not of the business. How do you account for any money drawn out of the HELOC and put into the business?

I'm a teenager in high school working my first summer job. Do I have to complete Form W4?

Are my work clothes tax deductible?

Accounting Question

If the amount is 25 and it increases by 5% per month then what will the amount be after 12 month?

forming a legal entitys

Still looking for help? Get the right answer, fast.

OR

RELATED TOPICS

RELATED QUESTIONS

15 year recovery property costing $4,000,000 was placed in service in oct 2012.

What can I file for?

Accounting

RECOMMENDED TUTORS

find an online tutor

Calculate the change in monthly take-home pay when you make monthly contributions of $225 to a tax-deferred savings plan. Assume you are single and have a taxable income of $15000.