rls85
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Thanks. So assuming the check will 100% not be cashed, you are saying we should declare it as income the following year when it became irretrievably reversed (w...
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Thank you for your replies. The purpose of the question wasn't to propose tax avoidance; rather, the company is considering purchasing equipment that it may nee...
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I wasn't an owner, and didn't receive any tax forms at any point. I just held informal shares we called "subscription units" entitling me to a percentage of ann...
Activity Feed for rls85
- Posted Re: A business mails a check by year end, so it's as an expense for that year. The new year comes, and the check expires / never deposited. How does the business report this? on Business & farm. December 22, 2022 11:28 AM
- Posted A business mails a check by year end, so it's as an expense for that year. The new year comes, and the check expires / never deposited. How does the business report this? on Business & farm. December 22, 2022 9:49 AM
- Got Cheered for How to Report PPP Loan on 1120-S / Balance Sheet?. April 25, 2021 4:57 AM
- Posted How to Report PPP Loan on 1120-S / Balance Sheet? on Business & farm. January 4, 2021 10:20 AM
- Cheered Re: If an S Corp buys equipment at the end of the year, thereby lowering its net income, what happens if it returns the equipment the following year for a full refund? for Hal_Al. December 9, 2020 2:27 PM
- Posted Re: If an S Corp buys equipment at the end of the year, thereby lowering its net income, what happens if it returns the equipment the following year for a full refund? on Deductions & credits. December 9, 2020 8:43 AM
- Posted If an S Corp buys equipment at the end of the year, thereby lowering its net income, what happens if it returns the equipment the following year for a full refund? on Deductions & credits. December 9, 2020 7:32 AM
- Posted Can a company set up a Solo/Individual 401(k) for its owner if it had other employees during the year but no longer does as of the last month of the year? on Business & farm. November 25, 2020 9:01 AM
- Cheered Re: Where do I enter investment loss? for VictoriaD75. March 26, 2020 8:31 PM
- Posted Re: Where do I enter investment loss? on Get your taxes done using TurboTax. March 26, 2020 5:32 PM
- Posted Where do I enter investment loss? on Get your taxes done using TurboTax. March 26, 2020 5:12 PM