Business Law

Kevin purchases 1,000 shares of Bluebird stock on October 3, 2015, for $300,000. On December 12, 2015, Kevin purchases an […]

Tanya Fletcher owns undeveloped land (adjusted basis of $80,000 and fair market value of $92,000) on the East Coast. On

On February 24, 2015, Allison’s building, with an adjusted basis of $1.3 million (and used in her trade or business),

Anne sold her home for $290,000 in 2015. Selling expenses were $17,400. She purchased it in 2009 for $200,000. During

Umair sold some equipment he used in his business on August 29, 2015, that was originally purchased for $70,000 on

Virginia is an accountant for a global CPA firm. She is being temporarily transferred from the Raleigh, North Carolina, office

1. On June 15, 2015, Allen sold land held for investment to Stan for $50,000 and an installment note of

1. A warehouse with an adjusted basis of $125,000 was destroyed by a tornado on April 15, 2015. On June

Baker Company is trying to determine how often it needs to deposit payroll taxes for calendar year 2015. The company

1. Thomas is a self-employed plumber under the age of 50. His earnings from self- employment, before the Keogh deduction