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3 years ago

If you cannot make a tax payment in full, what is the BEST next step to take?

Business

1 answer:

alexira [117]3 years ago

8 0

Answer:

Contact the IRS to see if there is a payment plan that works for you.

Explanation:

In a situation where someone determines that they cannot pay the tax liability, it is advisable to still file the tax return by the stipulated deadline. Additionally, contact the Internal Revenue Services(IRS) and explain your situation; they most likely have other payment plans that would work for you. Ignoring the tax bill and hoping that IRS will overlook it can lead to penalty; this might be very costly.

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All of the following bank reconciliation items would result in an adjusting entry on the company's books excepta. interest earne

Olin [163]

Answer:

b. deposits in transit

Explanation:

Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smooth manner.

There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.

The adjusting entry of interest earned is

Cash A/c Dr

To Interest income A/c

(Being interest is earned)

Likewise, for The fee for collection

Bank charges A/c

To Cash A/c

(Being fees is charged)

And for NSF check of customer, it would be

Account receivable A/c Dr

To Cash A/c

(Being the adjusting entry is made)

So, for this the adjusting entry is made but for Deposit in transit , no adjusting entry would be made.

6 0

3 years ago

MARKING BRAINIEST

Luba_88 [7]

Answer:

Sales

Explanation:

S stands for sales. The moving averages formula uses sales figures from the previous periods to forecasts future sales. For example,

say, sales for 2015 were 100; 2016 were 120; 2017 were 110; and 2018,..130. Using the formula, the forecast for 2019 will be

Forecast 2019 = Sales 2015 + Sales 2016+ Sales 2017+ sales 2019 / 4

Forecast 2019 = 100 + 120 +110 + 130 / 4

Forecast 2019=115

8 0

3 years ago

Read 2 more answers

You are a leader in a paper manufacturer that has recently been charged with using too many trees and polluting groundwater arou

Brums [2.3K]

I am a leader in a paper manufacturer. Some of the ways that my firm can interface with the natural environment in a win-win situation is to develop a good reforestation program. First, I will have my employees plant and take care of trees. Second, I will adapt a waste treatment that will allow my discharge to be fit for irrigation and my solid waste to be used as fertilizer.

3 0

3 years ago

Describe the method of write off?

FrozenT [24]

I need more details to answer this

8 0

3 years ago

Evaluation designs without pre-test or comparison groups are most appropriate when companies are interested in determining how m

N76 [4]

The answer is False. In evaluation design they need pretest or comparison groups and it is the most appropriate when companies are interested in determining how much change has occurred in trainees. So in evaluation design with comparison or pretest groups are the most appropriate when the companies are interested to determine the change that occurred in the trainees.

6 0

3 years ago