System Admin

Max Points: 10.0

Respond to Issue Identification Question I:11-34 in your textbook: Lana operates a real estate appraisal service business in a small town serving local lenders. After noting that lenders must pay to bring in a surveyor from out of town, she completes a course and obtains a surveyors license that enables her to provide this service also. She now provides both services as a proprietor. What tax issues should Lana consider? Note: in your response include issues with her entity type, i.e., proprietor, and identify any accounting methods she needs to consider. Try to provide issues that are not already stated by a classmate. Remember to include proper citations if you are citing the textbook or other sources. Failure to provide citations will result in point deductions.