Business for Tax Purposes Assignment | College Homework Help
September 26th, 2019
I am a forester that owns a timber purchasing business who then sells the timber to large paper companies.
I buy timber from independent workers who go out and cut timber for me and who sell me timber as well. I have lots of questions for you as my tax adviser; however, my big one is below:
-How do I treat all industry related income and expenses of this business for tax purposes?
You need to locate any and all tax issues I may have given what I do in the timber industry.
Support all tax issues with Code Sections, Revenue Rulings, and tax cases.