The writer is very fast, professional and responded to the review request fast also. Thank you.
Osprey Corporation, an accrual basis taxpayer, had taxable income for 2015 and paid $40,000 on its estimated state income tax for the year. During 2015, the company received a $4,000 refund upon filing its 2014 state income tax return. The company filed its 2015 state income tax return in August 2016 and paid the $7,000 state income tax due for 2015. In December 2015, the company received a notice from the state tax commission that an additional $6,000 of income tax was due for 2013 because of an error on the return. The company acknowledged the error in December 2015 and paid the additional $6,000 in tax in February 2016. What is Osprey’s 2015 Federal income tax deduction for state income taxes?
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more