There are two types of bad-debts: business and non-business. A business bad debt expense arises from operating your trade or business, so it is pretty simple to spot. These deductions are deducted on Schedule C of an individual income tax return or on the applicable business income tax return.
A foreclosure is the legal process in which the lender attempts to recover the balance of a loan by forcing the sale of the property used as collateral for the loan. Foreclosure occurs when the homeowner is unable to make mortgage payments to the lender. A homeowner has a few options to avoid foreclosure.
Unreported foreign accounts or income could trigger huge penalties and criminal liability in the U.S.
What does it mean to be a Notary Public in the United States? A Notary
What is a Foreclosure? A bank will usually foreclose on your house after you have
In the wake of the 2017 cryptocurrency “fever,” the wall street journal shines light on
How Do You Plan Your Estate If You Have Property Located Outside the U.S.? A
1. Resident Alien of the U.S. for Tax Purposes Under the Internal Revenue Code, an