Line 14A – Net Earnings (Loss) from Self-Employment – Amounts reported in Box 14, Code A represent the amount of net earnings from self-employment. For Li...

In most cases, that means selling the shares with the highest cost basis — with the reasoning being that doing so results in the smallest capital gain (an...

Cash-Based Nonprofit Accounting Method If a nonprofit organization uses the cash method of accounting and preparation of its financial statements, it reco...

You don’t even need to register for an EIN (employer identification number) unless you have employees. However, you must obtain the required licensing for...

A Multi-Member LLC is abbreviated MMLLC and is the term used for an LLC that has 2 or more Members (owners). There are no limits* to the number of Members...

You can successfully document your qualifying IRA withdrawal by providing dated copies of the closing documents used for your home purchase in addition to...

Disclosure of Contingencies GASB 62, paragraphs 96–113, defines and provides further guidance on contingencies. Disclose a loss contingency arising from a...

2009 tax returns cannot currently be E-Filed. You may still prepare a 2009 tax return online to file by mail. * * The IRS does not allow electronic filing...

Current assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Marketable Securities. Commercial Paper, Treasury notes, and other money ma...

You can invest pretax dollars in your traditional IRA in the sense that money you put in is tax deductible, but you must wait to file your taxes, unlike p...