The first rule of business purchases is that it must serve your business. If you do not work in your home or operate out of it in any way, then you should...

Report the sale of your business assets on Form 8594 and Form 4797, and attach these forms to your final tax return. Form 8594 is the Asset Acquisition St...

Code § 720. Section 720 – Qualifications (a) A person is qualified to testify as an expert if he has special knowledge, skill, experience, training, or ed...

The ordering and holding costs The two significant factors that are considered while determining the economic order quantity (EOQ) for any business are th...

It simply takes your current balance and divides it by your single life expectancy or joint life expectancy. Your payment is then recalculated each year w...

Some credit card receipts must be treated as receivables rather than cash. The credit card company deducts their fee before paying the company that made t...

Your 18 year old cannot claim himself. The IRS rule is if he CAN be claimed on another person’s return he cannot claim his own exemption. If your dependen...

First in an ignoble line was the East India Company, set up by British merchant adventurers and granted the Royal Charter of Queen Elizabeth I in 1600. Pa...

You can change health plans any time if you experience a qualifying life event — like losing other coverage, having a baby, moving, or getting married — t...

Collections have a negative effect on your credit score. Collections remain on your credit report for seven years past the date of delinquency. In the new...