http://www.mewallacelaw.com/newsletters/Tax/?launch_axn=feed&type=rss_2.0 Untitled 8 http://www.mewallacelaw.com/newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000652&title=Nonbusiness+Bad+Debts&source=feed Nonbusiness bad debts are uncollectible obligations to you based on transactions not in the course of operating your trade or business. The most common examples of nonbusiness bad debts include debts arising from investments and personal loans. ... http://www.mewallacelaw.com/newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000652&title=Nonbusiness+Bad+Debts&source=feed http://www.mewallacelaw.com/newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000653&title=Rent+as+a+Business+Expense&source=feed Many businesses pay rent for the use of property. In general, a taxpayer can deduct rent paid as an expense only if the property rented is used in the business and the taxpayer does not have nor will he receive equity in or title to the property.... http://www.mewallacelaw.com/newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000653&title=Rent+as+a+Business+Expense&source=feed http://www.mewallacelaw.com/newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000611&title=Stock+Redemptions&source=feed A stock redemption is the reacquisition of stock by a corporation in exchange for property, which includes money, securities, and indebtedness to the corporation. After a redemption, the stock may be canceled, retired, or held by the corporation... http://www.mewallacelaw.com/newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000611&title=Stock+Redemptions&source=feed http://www.mewallacelaw.com/newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000654&title=Fringe+Benefit+Valuation+Rules&source=feed Under the Internal Revenue Code, you may exclude the value of certain specifically listed fringe benefits from the gross income of your employees. However, if a fringe benefit is not excluded, you must determine the value of that benefit for... http://www.mewallacelaw.com/newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000654&title=Fringe+Benefit+Valuation+Rules&source=feed http://www.mewallacelaw.com/newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000400&title=Taxation+of+Personal+Service+Corporations&source=feed Although most corporations are entitled to calculate their tax using graduated rates, there is an exception for "qualified personal service" corporations, which are subject to a flat tax rate of 35 percent. A corporation is a qualified personal... http://www.mewallacelaw.com/newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000400&title=Taxation+of+Personal+Service+Corporations&source=feed