What happens to your rent if your house catches on fire?
A tenant with comparable alternate housing must pay rent to the landlord at the lease rate. D. Other Payments. If a fire is caused by a landlord’s neglige...
Category: Updates
When would you use a trial balance?
The purpose of a trial balance is to ensure that all entries made into an organization’s general ledger are properly balanced. A trial balance lists the e...
Why did my father make my sister owner of his bank account?
After nearly four months in probate I learned that Dad had accidentally made my sister an owner of his bank account, not just a signatory. The law firm we...
Can I declare house rent on my tax return?
House rent allowance (HRA) is a component of salary received towards the rent paid by the employee for residence. However, you can still claim the tax-exe...
What is leasing a business?
A lease is a contract between an owner and a user of property. In business lease agreements, the owner (lessor) receives financial compensation and in exc...
Can you sell a house that you still owe on?
Can you sell your house if you owe more than it’s worth? Yes, you can, but depending on your state, you may still be responsible for the remaining portion...
Can an S Corp have 2 members?
S Corp Myth 3# – Any small business can form an S corp. The corporation must be a domestic corporation, it must have no more than 100 shareholders, only o...
How do you prepare an absorption costing income statement?
Preparing an Absorption Costing Income Statement To find COGS, start with the dollar value of beginning inventory and add the cost of goods manufactured f...
Do you get reimbursed for tax deductions?
Description:Tax deductions reduce your Adjusted Gross Income or AGI and thus your taxable income on your income tax return. This can cause your tax refund...
Can merchants see credit card name?
Store can get the cardholder’s name from the printed copy of receipt (merchant’s copy), if the debit card has “name” value in Track 2 data or Chip but the...
