Explore the 1,000’s of tax questions answered by professionals.

What is the proper way to take an asset off the books? ... read on

In the general ledger, how do I treat employees who are also customers? ... read on

In posting to the income statement, how would I handle the entry that states (loss from expropriation of overseas plant .... ... read on

How do you make a short journal entry to close the Fees Earned: $100 and Rent Revenue: $25 accounts on .... ... read on

How do I record when I receive a check for a job we did? Would I debit our cash and .... ... read on

When a client takes advantage of prompt pay 2% cash discount, how is it shown in a T-account? Also, .... ... read on

An owner brought a new car that he financed $13,000 with a 12% interest rate and put down a payment .... ... read on

How do I book a journal entry for direct labor cost incurred $49,000 and indirect labor cost incurred $21,000? ... read on

A friend is planning to marry a woman who has a $350,000 IRS tax judgment against her. Her former .... ... read on

I overpaid my federal taxes in 2005. However, I did not file a tax return for 2005 until October of .... ... read on