1236 articles for business owners and real estate investors. Page 11 of 35.
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Showing articles 361–396 of 1236.
A ticket's advertised retail price is not automatically a substantiated employee expense when the traveler used personal reward points.
Document the original business purpose, cancellation and actual use of the trip.
Partner Withdrawals or Theft: Which Tax Review?. A specific owner scenario, the facts that change the answer, and the records needed for a tax review.
Selling a Domain While Keeping the Operating Business. A specific owner scenario, the facts that change the answer, and the records needed for a tax review.
Compare the proposed payoff with the note's remaining principal, interest and tax basis.
Include the note in estate and income-tax coordination rather than assuming the remaining gain disappears.
Business-Sale Fees Paid Personally by the Owner. Review the facts, records and next steps for your business.
Payment direction does not by itself transfer ownership of the income.
Determine what the claim represents and who was entitled to the escrow.
A termination payment needs analysis under the service contract and settlement.
Changing the bank's authorized signer does not update the IRS responsible-party record.
Remaining Supplies Taken Home When a Business Closes. A specific owner scenario, the facts that change the answer, and the records needed for a tax review.
Identify the contract owner, coverage dates, transfer rights and transaction structure.
Determine whether you acquired a refundable deposit, paid rent or paid another closing cost.
A revised inventory amount may affect the purchase-price allocation and opening records.
A policy lapse or surrender with an outstanding policy loan can produce taxable income even when no cash check is received.
For most employees, employer-paid moving expenses are taxable wages under current federal rules.
Compare the payment need and timing with business and household liquidity.
Unpaid salary and a declared unpaid dividend can both involve income in respect of a decedent, but they do not follow identical payroll and…
Business Rebrand and Remaining Goodwill Basis. A specific owner scenario, the facts that change the answer, and the records needed for a tax review.
A business name change alone generally does not require a new EIN when the same legal entity continues.
Dinner With a Friend Who Is Also Your Client. Review the facts, records and next steps for your business.
Restoration Costs When a Business Location Closes. A specific owner scenario, the facts that change the answer, and the records needed for a tax review.
Transferring a life-insurance policy for valuable consideration can limit the death-benefit exclusion under the transfer-for-value rules.
Business License Denied Before Operations Begin. A specific owner scenario, the facts that change the answer, and the records needed for a tax review.
Lawsuit Proceeds for Lost Profits and Interest. A specific owner scenario, the facts that change the answer, and the records needed for a tax review.
Business Interruption Insurance and Lost Income. A specific owner scenario, the facts that change the answer, and the records needed for a tax review.
For a primarily business domestic trip, a personal detour does not automatically make every transportation dollar deductible.
A federal business extension does not by itself prove compliance with every state's extension requirements.
Cash Warranty Settlement on Business Equipment. A specific owner scenario, the facts that change the answer, and the records needed for a tax review.
An unauthorized return filed under a business EIN can require the IRS business identity-theft process, including Form 14039-B when appropriate.
Vendor Bills Received After Company Dissolution. A specific owner scenario, the facts that change the answer, and the records needed for a tax review.
Insolvent Business but Solvent Owner: Debt Relief. A specific owner scenario, the facts that change the answer, and the records needed for a tax review.
Cyberattack Costs, Ransom and Insurance Payments. A specific owner scenario, the facts that change the answer, and the records needed for a tax review.
Changing an owner's personal address does not automatically update a corporation's separate tax account.
Spare Parts: Inventory, Supplies or Equipment?. A specific owner scenario, the facts that change the answer, and the records needed for a tax review.