taxable income Tag

Sweat equity is the term used to refer to an employee’s labor that is invested into an asset as opposed to equity bought with capital. Ideally, it would be fair for all employees whose sweat equity increases the value of a private company to share...

President-elect Trump has proposed to simplify the tax code after his inauguration in 2017. His tax plan is available on his campaign website, aided by his various statements concerning tax reform which are contained in other press releases.To reduce complexity, Trump would eliminate the personal...

Flow-Through Taxation A flow-through entity is a legally designated entity type that allows business income to flow from the business to the business owners in the form of taxable income. The entity itself is not taxed and any business losses incurred or income earned is treated...

As we approach the end of the year, C-corporations should think about shifting income and deductions between 2015 and 2016. Usually, C-corporations can benefit from a tax perspective by deferring and accelerating income and deductions. The following briefly discusses some situations in which acceleration and...

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