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What else can I help you with?
How agriculture income is treated for income tax purposes?
direct income
What is pecuniary insurance?
pecuniary insurance is the insurance of intangibles, (e.g. income, revenue, or value)
How will you deal with goodwill when new partner brings his share of goodwill in cash?
as an income
Does a us citizen receiving dutch old age pension income treat the income as social security income for tax purposes?
No. It would be treated as a normal pension payment.
Is goodwill balance or income statement?
balance
What has the author J E Sands written?
J E. Sands has written: 'Wealth, income and intangibles'
Why would there be negative goodwill on a purchaser's income statement rather than the seller's income statement?
Goodwill can be negative and arises where the net assets at the date of acquisition, fairly valued, exceed the cost of acquisition. Negative goodwill is recognized as a liability.
Do you get capt gains treatment on sale of goodwill?
If the sales price of my business includes goodwill, is that portion subject to capital gains treatment or is the goodwill considered to be ordinary income?
Is state pension unearned income for tax purposes?
Yes, state pension is considered unearned income for tax purposes. It is subject to federal income tax, but may not be subject to Social Security and Medicare taxes. State tax laws may vary on how state pension income is treated for tax purposes.
Explain how do you measure the value of the return on Goodwill in terms of income and expenses?
One way I can think of is: Income - Expenses = Profit (These figures can be found in the Profit and Loss statement) Now substitute the profit figure into the following equation: Profit / Goodwill = Return on Goodwill (The goodwill figure can be found in the Balance Sheet) So even though a brand may be perceived as very strong, if the carying value of the goodwill is very high then the return on goodwill will be lower.
Do capital gains count as earned income for tax purposes?
No, capital gains do not count as earned income for tax purposes.
Is a home equity loan considered as income for tax purposes?
No, a home equity loan is not considered as income for tax purposes.
