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  • Show me a bank that will loan money to a new corp without personal guarantees and I'll pay them a visit. ------------------------------ Jack Franklin EA, ATA, ATP jfrank001@bellsouth.net Franklin Accounting, Inc. (Est 1969) Conyers GA (770)...

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    RE: House sale

    If all three names are on the title, the house was never legally old by the father so he and the two sons would have to report their respective portion of the profit on the sale on their income tax form. The easy cure would be for those who they consider...

  • The transaction was not an arm's length transaction which creates a problem. An IRS agent would restructure the sale. ------------------------------ Jack Franklin EA, ATA, ATP jfrank001@bellsouth.net Franklin Accounting, Inc. (Est 1969) Conyers...



Main Street Practioner Latest Issue

Tax Season 2015

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In This Issue

  • Best Practices on Preparing for Peer Review

  • SSARS is Coming! Part III

  • SPECIAL REPORT: Checklist for Determining Minimum Essential Health Insurance Coverage

  • The Importance of Tax Season Marketing

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