Today TaxMama hears from Shaunna in Washington State, who tells us. “I own a small rental business. Is the bounce castle I rent out considered an asset or inventory?”
Tag Archives: Resource Center
Courtesy of David and Mary Mellem, EAs IRS has released the draft of the new Schedule M (Form 1040). This schedule is planned to be part of the 2009 income tax return to reconcile the $400 stimulus payments. Basically Schedule M calculates the amount of credit taxpayers are entitled to as a result of the […]