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Thank you Anita. Yes 2016 return is already filed. The inventory was returned in 2017. The whole transaction is recorded in writing drafted by an attorney. The note states that the seller is lending 200k to the buyer and the payment will start from ...
I do not prepare Sales Tax for clients. I have a client that has a NC Sales Tax question and I am trying to help him figure it out. Here is what he submitted to me:
"I know cabinet refacing and repairs are considered sales taxable. We don't do that. ...
At $8/hour and 2 weeks vacation a year, each child needs to work 30 hours a week. That is beyond full-time school, homework and being a kid. Those are some exceptional children. At a minimum they need to keep a time sheet showing their work. ...
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