I am planning to self-publish my book, am I required to pay sales taxes?



Now where on the tax returns do we report our losses? Also, do we need to include these copies with our return? Are there ’special’ forms that we need to fill out? Is form 4797 needed?



I sold some mutual funds in 08 and have loss on them. I made profit on stocks in 06 and 07. Can I carry back my this year loss to profit I made in last years?? Will appreciate any furhter guidance



The following information pertains to Karon’s Candy Shop:
Sales revenue 100 units at $15 per unit

Beginning inventory 40 units at $9 per unit

Purchases 80 units at $10 per unit

What is the gross profit using LIFO? (Remember, gross profit is equal to sales revenue less the cost of goods sold.)

a. $500

b. $520

c. $540

d. $1,500

e. none of the above

Can you claim loss profit on Mutual Funds?



Hello there, I currently have some mututal funds that I would like to redeem inspite the fact that the money I have in the funds are far less than the money that I have put in. I estimated the loss would be around $5K - $6K. I just thought to take it out to put it in better use.
My question is, can I claim the loss on my tax return? I currently don’t own a house but am in the process of building one, which should be completed before the year end.
Any answers would be appreciated. Thanks!

gross profit percentage? Accounting anyone?



I’m so lost in accounting…I think this is a simple question, but I have no idea…
My homework question:

Use the following facts for questions 13 and 14:
The following information is taken from the books of the ABC Company:
Beginning Inventory1,000
Ending Inventory 800
Sales5,000
Purchases 300

13. What is the Gross Profit percentage for ABC?
a. 74%
b. 80%
c. 86%
d. 90%



Have lost my job and will be receiving my profit sharing in November (sizable amount) and will need monies to survive not reinvest what kind of taxes can I expect to be taken out?
Need to buy a car with the monies since I lost the car I had when I lost my job are there any tax breaks or “hardship type of breaks”?



Is there an accounting rule, definition or principal that says borrowed money cannot be treated as a profit? Please cite source. Thanks!
The important thing is a source for me to cite. It seems to make logical sense but I thought it was a basic accounting principle?!?



I have two properties owned by S-corps in which I am the sole shareholder. If 1 was to say loose $1,000 for the year and the other made $1,000 for the year when I file my personal will they offset eachother? In other words does a loss pass through as a loss or as a zero profit and therefore non-taxable?



without gross profit and sales how u can take cost of GOODS sold

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