Carol and jerry llp pays the good eats cafe each month for

Assignment Help Accounting Basics

Reference no: EM13567995

What are the tax issues for the following case:

Carol and Jerry, LLP, pays the Good Eats Cafe each month for the lunches the two accountants eat there each work day. Whle at lunch, Carol and Jerry always discuss some business. Often, Carol and Jerry invite friends who work at other CPA firms to join them, so they can keep up with what is happening in the accounting community.what are the tax issues for this case? also can an LLP deduct the meal xpense. Or should the partners just put the meals on schedule A.

Reference no: EM13567995

Questions Cloud

Why do governments prefer to avoid excessive current : why do governments prefer to avoid excessive current account surpluses? why are growing domestic claims to foreign

Prepare the entry to record the accrued interest and the : cardinal paz corp. carries an account in its general ledger called investments which contained debits for investment

Modern artifacts can produce keepsakes that will be sold : modern artifacts can produce keepsakes that will be sold for 80 each. non depreciation fixed costs are 1000 per year

Evaluate each companys approach to ethics and social : write a six to eight 6-8 page paper in which youdescribe the history and core business of each company.compare and

Carol and jerry llp pays the good eats cafe each month for : what are the tax issues for the following casecarol and jerry llp pays the good eats cafe each month for the lunches

Would you rather have a savings account that pays 5 : would you rather have a savings account that pays 5 interst compounded semi-annually or one that pays 5 interest

What is the market value of the firm prior to the recap : an all-equity business has 100 million shares outstanding selling for 20 a share. management believes that interest

Organic chicken company has a debt-equity ratio of 065 : organic chicken company has a debt-equity ratio of 0.65. return on assets of 8.5 percent and total equity is 540000.

Assume that in month 6 the move time process time and so : inverness corporation has recently begun a continuous improvement campaign. as a consequence there have been many

User Account

All Pages