Tax Wise Giving (21 Mar 2006) Instead of giving cash to charity at year-end you can donate stock or mutual fund shares that you have held for more than one year and which have increased in value, and save some money in the process.
Taxation of Forgiven Debt: The 1099C & You (21 Mar 2006) Is forgiven debt taxable, and if so, under what circumstances? The dangers of failing to account for forgiven debts on Form 1040. What to do if you get an IRS "Under-reporter" letter.
Taxation of Isle of Man Companies from April 2006 (21 Mar 2006) At the present time a company incorporated in the Isle of Man, owned by non-residents and which complies with the other statutory requirements, is not liable to Isle of Man taxation. Whilst locally trading companies pay tax at 18%, a qualifying offshore company pays a flat annual tax of £475 or £1,000.
Taxing Overseas Firms for SOX Compliance (21 Mar 2006) The Sarbanes-Oxley Act, also called the Public Company Accounting Reform and Investor Protection Act of 2002 was signed into law on July 30, 2002 by President Bush. In the aftermath of Enron, Arthur Andersen, Global Crossing, and WorldCom, SOX promises greater corporate accountability and transparency.
Ten Top Ways to Prepare Your Business to Borrow Money (05 Jul 2006) Obtaining business loans is often intimidating for a small business owner and the success of securing the right loan can dramatically be raised by staying prepared for the need to borrow money through...
The 1031 Tax Deferred Exchange - Important Strategies for Real Estate Property Investors (01 Sep 2006) California: As an investor in real estate you understand how important it is to preserve your wealth and assets. In the frequently changing world of taxation, you are fortunate to have IRC Section 1031. This tax code allows you to exchange from one inv.......
The All Important Disclosure Statement For Real Estate (14 Aug 2006) When I was getting my real estate education and started to learn about using private lenders, ALL of my instructors left out a HUGE piece of the equation. It was the part about being in compliance with the SEC and their regulations. I now see it as.......
The Annual Gift Tax Exclusion: Getting The Edge (21 Mar 2006) Whether helping the kids with a down payment on their first home, paying the premiums on a life insurance policy in an irrevocable trust, or moving appreciated assets to a younger generation, annual gifting will touch the lives of millions of Americans. But before the transfer is made, an investor should spend some time looking at the investment and the tax ramifications of the property to be passed.
