385
Showing all 5 results
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Business bartering is taxable
May 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 385
Abstract: During these times of high inflation, many cash-challenged businesses have bartered for goods and services instead of paying dollars for them. Companies that get involved in such transactions need to keep in mind that the fair market value of goods they receive is taxable income. And if a business exchanges services with another business, the transaction results in taxable income for both parties.
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The deductibility of medical expenses
October 2021
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 385
Abstract: Individual taxpayers may be able to claim medical expense deductions on their tax returns. However, the rules can be challenging, and it can be difficult to qualify. This article offers up five points to keep in mind about the deductibility of medical expenses.
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Smoked! Cigarette importer denied deduction
Summer 2014
Newsletter: Expert / Valuation & Litigation Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 385
Abstract: The Internal Revenue Code contains complicated rules regarding the deductibility of settlement obligations. This article looks at one recent case in which the U.S. Tax Court found that an S corporation wasn’t entitled to a deduction for unpaid obligations owed to a qualified settlement fund because payment hadn’t actually been made. Suriel v. Commissioner (Tax Court 2013)
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BANK Wire – SAFE Act deadline
Summer 2011
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 385
Abstract: This issue’s “BANK Wire” briefly discusses a July 29 SAFE Act deadline regarding the new Nationwide Mortgage Licensing System and Registry; FDIC guidance on overdraft fees; a proposal to require certain employees to be trained on FDIC deposit insurance coverage; and the Federal Reserve Board’s proposed amendments to Regulation CC, Availability of Funds and Collection of Checks.
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Cover your assets with key person insurance
May / June 2009
Newsletter: Commercial Lending Report
Price: $225.00, Subscriber Price: $157.50
Word count: 385
Abstract: If one of your borrowers suddenly lost a key person, how would it affect their productivity, profits and ability to service debt? For many small businesses, the death or long-term disability of an owner or key employee spells disaster.