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Showing articles in CPA Q&A
I'm Starting a New Business and Looking for an Accountant
October 14, 2013
Q: I am starting a new business and am looking for an accountant – what questions should I be asking? How should my business be ...
What is Cancellation of Debt Income and Can it Result in Taxable Income?
September 11, 2013
Cancellation of Debt income (COD) arises when a creditor is owed a certain sum of money and accepts a reduced amount to settle the deb...
How Should We Teach our Children Fiscal Responsibility?
July 31, 2013
Question: We have a young adult son at home and want to instill monetary values in him. The problem is we have not been diligent a...
What Do I Need to do for Retirement and Estate Planning?
July 10, 2013
The first step to take when planning for retirement is to enlist the services of a competent financial advisor to prepare a personal f...
January 31, 2013
Question: My wife and I lost our house during Hurricane Sandy. We paid $350,000 for it many years ago and, over the years,...