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RELOCATION OF ENDAGERD SPECIES

sarahtriem
Level 1
I am not sure how to class the $77000 paid for the removal of the bird paid to bandera conservation bankituated in the Bandera Canyonlands of the Texas Hill Country, BCCB is a USFWS-approved species conservation bank for the federally endangered Golden-cheeked Warbler (Setophaga chrysoparia). BCCB provides offsetting conservation credits for habitat impacts associated with land use change, development, and infrastructure activities.
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George4Tacks
Level 15

Is this a bookkeeping question? A donates money to B, a Non-Profit that helps move an endangered species off of my property. In exchange for this money, B also arranges for A to now be able to grow grapes on land that previously had restrictions on it because that damn bird was around.

How do I book the $77,000 cash payment and what is the offsetting entry? 

Is this sorta what you are looking for?


Here's wishing you many Happy Returns

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16 Comments 16
TaxGuyBill
Level 15
Can you clarify what you are doing?  Are you doing a tax return for BCCB?  Or for an individual?  Or something else?  What do you need to "class"?
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George4Tacks
Level 15

Is this a bookkeeping question? A donates money to B, a Non-Profit that helps move an endangered species off of my property. In exchange for this money, B also arranges for A to now be able to grow grapes on land that previously had restrictions on it because that damn bird was around.

How do I book the $77,000 cash payment and what is the offsetting entry? 

Is this sorta what you are looking for?


Here's wishing you many Happy Returns
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IRonMaN
Level 15
"RELOCATION OF ENDAGERD SPECIES"

I thought maybe that was Intuit's way of saying they were going to try and move us old timers to the new community.

Slava Ukraini!
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sjrcpa
Level 15
:laughing::laughing:

Ex-AllStar
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abctax55
Level 15
ENDAGERD....sounds (to me) like our favorite pirate may be planning on stabbing folks.
"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
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George4Tacks
Level 15
Silly girl! Dagger has two G's.
BTW - Two morons are in a tree. The big one fell out. Why didn't the other one fall out?

Here's wishing you many Happy Returns
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abctax55
Level 15
I was going with the Olde English spelling.  :wink:
Nope...don't know that one :smile:
"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
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George4Tacks
Level 15
Because he was little more on.

Here's wishing you many Happy Returns
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George4Tacks
Level 15
I actually remember many of these from my "formative" years. That should tell you much about the me of now.
Why did the little moron keep his father in the refrigerator?

Here's wishing you many Happy Returns
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TaxGuyBill
Level 15
<groan>

I'll bite.  Why?
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George4Tacks
Level 15
So he could have cold pop.
These are recollections from the 1950's. Definitely signs of a sick mind.
The 1960's had elephant jokes. Why did the elephant have 3 white tennies and one yellow one.

Here's wishing you many Happy Returns
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TaxGuyBill
Level 15
Okay ... why?
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George4Tacks
Level 15
It never learned to heist it's leg.
In the 1970's there were the... jokes, but I will hold those for another thread to hijack.

Here's wishing you many Happy Returns
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abctax55
Level 15
Little Johnny jokes, anyone?
(not suitable for posting on this P.G. site)
"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
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IRonMaN
Level 15
I wonder if we could find someone willing to provide Ole and Lena jokes here. :no_mouth::no_mouth:

Slava Ukraini!
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sjrcpa
Level 15
That's a good idea. :bulb::bulb:

Ex-AllStar
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