Business Law

Roberto has received various gifts over the years. He has decided to dispose of the following assets he received as […]

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),

Respond to the following independent situations: a. Masa and Haiming, husband and wife, filing jointly, earn $275,000 in salaries and

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