Amazon Marketplace – Day One: Stories of Entrepreneurship | Kirt Moritz, Nayked Apparel

When I was growing up, my father was an attorney. And I would come home from school, approximately two p.m. in the afternoon, and he’d be in the swimming pool. I said, “Dad, why are you swimming in the swimming pool?” He says, “I’m self-employed. “I can do what I want to do, “and it’s […]

Topic 407 Business Income – Sole proprietorship, Partnership, Corporation

Business income may include income received from the sale of products or services. For example, fees received by a person from the regular practice of a profession are business income. Rents received by a person in the real estate business are business income. A business must include, in, income payments received in the form of […]

Partnership Taxation: Partnership Termination – Lesson 2

Terminating other than for electing termination that says the partnership terminates when the following occurs. The business and financial operations are discontinued. The business is reduced to one partner. Or 50 percent or more of the partnership interest change hands within a year, within a 12 month period. A couple of other types of partnerships, […]

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