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  • Consider consolidating. If that takes place, the due to and due from goes away and the debt/equity ratio might improve. ------------------------------ Jack Franklin EA, ATA, ATP jfrank001@bellsouth.net Franklin Accounting, Inc. (Est 1969) Conyers...

  • Heidi, If the loans between companies are being accurately tracked and documented, I don't see that as much of a legal problem although it could be an audit nightmare. My only concern regarding adjustments is your statement that "they hoped to...

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    RE: I don't get it

    Charlene, It appears from your post that the net value of the partnership is only $5000 after assuming the mortgage. However for the sake of discussion and nice equal numbers let's assume the total value of the partnership is $75,000. The exiting...



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Tax Season 2015

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  • Best Practices on Preparing for Peer Review

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

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