Wash sales and short sales are special types of securities transactions for tax purposes. Losses on wash sales are generally not deductible, and may affect the basis of the new securities acquired. ...
This article is designed to help business owners and managers understand the differences between various types of work scheduling systems. It provides both the pros and cons of various work schedulin ...
This article details various home financing options that are available for people who are self-employed. It includes the pros and cons of financing options like: owner financing, FHA assumable loans, ...
For many, filing bankruptcy seems like the end of every having access to credit. In reality, there are many easy ways to rebuild a good credit history. While some of these options may not seem obvio ...
For U.S. federal income tax purposes, there are exchanges of property that are not taxable, and the gain or loss on the exchange does not have to be recognized. The tax effect is postponed until the ...
Being an owner-operator has many advantages. It puts you in charge of your truck-driving career. Your truck, your choices of where to go, when to go and what to haul. But it is also more difficult: ...
Dispositions of property include sales and exchanges, but also include abandonment, foreclosures and repossessions. For U.S. federal income tax purposes, you can have a gain or loss on these types of ...
A hobby may be a profitable activity, without profit being the principal reason for engaging in the hobby. And a business may start out as a hobby and turn into a profitable activity. For U.S. feder ...
Are you plagued by punctuation? Do you often wonder if your spellchecker really catches all those errors? Do people often ask you what you really meant in that e-mail? Read on for advice about how ...
Keeping your books and doing your taxes based on the same method of accounting will facilitate your financial reporting and preparation of tax returns. But differences in the treatment of some items ...
This article goes through the proper way to terminate an employee. It provides the three legal reasons to terminate an employee and it provides the reader with the steps that they need to take to be ...
For most U.S. citizens and residents, your taxpayer identification number is your social security number. If you are an alien who is not eligible for a social security number, you may need to apply f ...
For many people, becoming an insurance agent seems like a great career. Besides being viewed as a professional that can provide necessary information to protect the financial futures of individuals, ...
A gain from the condemnation of your main home may be eligible for exclusion from taxable income, just as a gain from a sale. Gains from the condemnation of business or investment property may be pos ...
Gains or losses from sales, exchanges, involuntary conversions and other dispositions of business property, other than merchandise or products sold in the normal course of business, are generally repo ...
A cash flow forecast can provide you with a clear picture of when you can expect to receive cash and from where it will come, and when you will need to spend cash and what you will spend it on. Using ...