Tax

Member's Profile
Annette Nellen
Title: Professor
Company: San Jose State University
(Professor at San Jose State University)
  The complexity of completing one's federal and state income tax returns is not necessarily tied to one's income level. One of the more complex federal tax rules is the...
Member's Profile
Chris Shumate
Title: Corporate Accountant
Company: Redline Contract Services, LLC
(Corporate Accountant at Redline Contract Services, LLC)
According to what I have found in the U.S. Master Tax Guide for 2014, it says that documentary evidence is not generally required for expenses that are less than $75. We have a policy...
Anonymous
(CFO)
My start-up had an unprofitable 2012, a very profitable 2013 and we are looking at an unprofitable 2014. Starting in 2012 myself (CFO), CEO and COO all drew no salary and then returned...
Member's Profile
Deborah Godfrey
Title: Budget Administrator, Business Manager, ..
Company: Seeking Employment
(Budget Administrator, Business Manager, .. at Seeking Employment)
To start off this discussion, I learned that patience is a critical aspect of completing a client's taxes. More than ever clients seemed to have forgotten to bring important tax...
Member's Profile
Wayne Spivak
Title: President & CFO
Company: SBA * Consulting LTD
LinkedIn Profile
(President & CFO at SBA * Consulting LTD)
"Following the lead of many other states, you no longer have to set foot in New York to be subject to the taxing authorities. Now, if a corporation is “deriving receipts...
Member's Profile
Wayne Spivak
Title: President & CFO
Company: SBA * Consulting LTD
LinkedIn Profile
(President & CFO at SBA * Consulting LTD)
In you role as CFO, how have you assited your employees prepare for this once a year event? Have you provided counseling sessions on basic tax planning? Created a resource page or FAQ...
Member's Profile
Ken Bires
Title: Owner
Company: B2 Partners LLC
(Owner at B2 Partners LLC)
I am working with an associate on understanding the taxation of dividends received in a US parent company from its Swiss finance company... The Swiss company is in the business of...
Member's Profile
Wayne Spivak
Title: President & CFO
Company: SBA * Consulting LTD
LinkedIn Profile
(President & CFO at SBA * Consulting LTD)
"The IRS ruled Tuesday that the embattled virtual currency Bitcoin is “property, not currency,” paving the way for regulation in the U.S. The decision by the Internal...
Anonymous
(CFO)
An employee earned wages that the company could not pay during the year. To evidence the liability, the company issued a note payable to the employee. The employee sold the note to a...
Member's Profile
Annette Nellen
Title: Professor
Company: San Jose State University
(Professor at San Jose State University)
There are tax consequences of mining Bitcoin, investing in it or using it to buy or sell goods or services. Prior to the IRS release of Notice 2014-21 this week (3/25/14), we didn'...