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The tax code draws a distinction between ordinary income and income derived from the sale of a capital asset, or “capital gain.” In most instances, this distinction is straightforward and there is little confusion about whether income falls into one category or the other. Every now and then, however, a situation develops in which the classification of income is a difficult matter. There is much at stake in the determination of whether income is either ordinary or derived from the sale of a…
ContinuePosted on January 4, 2017 at 10:40am
Can a Subs investment in a nonqualified annuity? If so, would the income be reported as other income?Continue
Started by David Jones in Tax & Accounting Jun 30, 2016.
HiMy wife and I are the only 2 shareholders of our S Corp which we set up for her business.I would like to set up a retirement fund that is pre=approved by the IRS. Do you guys have any recommendations on that? We still haven't paid her any salary…Continue
Started by charyo in Tax & Accounting. Last reply by Mike Fox Jul 12, 2013.
Really, I wanted to ask: a two-part question Part 1: How much new business are you gaining through local pages and review sites like Google Maps, Yahoo Local, Bing Business Portal, & Yelp?a) Less than 5%b) 5 -- 10%c)10 -- 25%d) more than 25%!!e)…Continue
Tags: maps, yahoo, bing, google, business
Started by Steven Good in Marketing for the Small Business Owner. Last reply by Edward Murray Dec 20, 2017.
Hello everyone, I see that I'm the first one to post an introduction here. Interesting. Anyhoooo I actually found this site from the Craig's list events section. Who knew? I've just started with a new company selling sustainable Disaster Resistant…Continue
Started by Demelza in Introduce Yourself. Last reply by Pat Mckemy Jan 14, 2014.
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Good Day,
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mr frank.