Curtis Said:

Do I need to get a tax id number to raise money for a child's middle school trip?

We Answered:

The school already has a tax id number. Any big contributers will want this for write offs. Ask the school for their number, or go about forming an organization (such as PTO) and obtain a number for it.

Ronnie Said:

I have a math project that needs to be done if anyone wants a challenge its here for you.?

We Answered:

This isn't a question. You are asking us to do a project for you. That's against the rules, and really dishonest.

Courtney Said:

Accounting Question : Jack Junior is a window cleaner and has his own window cleaning business?

We Answered:

The holidays come drawings A/c because it is the personal expenses of Jack and not the business Expense.There will be no effect on the business.It will result in decrease in cash and decrease in capital.
Drawings in small or big businesses have same effect, i.e, decrease in cash and decrease in capital.
The ladder is subject to wear and tear and has to be depreciated, because in some years the ladder will become obsolete.
wages of jack will come under wages A/c but anything apart from that will come under Drawings.

Harvey Said:

If you are on a business trip for a major company in a foreign country, who pays for the phone calls home?

We Answered:

for myself and my team we purchase phone cards bought in the country we travel to and add those to the expense report. skype (free voip) is another good alternative

you are traveling at the request and direct benefit of the business so i treat those as a reasonable expense and find ways to manage it.

Edith Said:

Can/Should I report possible tax fraud?

We Answered:

Miguel, the IRS is always interested in who's cheating them and how. They keep your identity confidential, but if you're the only person privy to the information, your boss may figure it out.

Report it from someplace other than the office, and using no email or cell phone account associated with work. Provide information as you're able which proves what you say--dates and amounts he claims he spent on women and intends to write off as a business expense, for instance.

Every time you and I pay our taxes, we've having to cover the shortfall for those who cheat. Turn him in, and sleep the sleep of the just.

Francisco Said:

Is this Trip a Write-off?

We Answered:

Yes, except for you wife's expenses such as airfare, meals and entertainment. The hotel bill can be fully deducted.