IRS PUBLICATION 463
A document that gives details on what business expenses are deductible, procedure for reporting expenses on the return, records needed to prove expenses, and treatment of any expense reimbursements a business may receive. Deductions for entertainment, gifts, travel or transportation-related expenses are available for items considered to be ordinary (accepted as common in a given business) and necessary (suitable or helpful for a certain business).
POPULAR TERMS
Mutual Exclusion Doctrine
A reciprocal agreement between federal and state and local taxing bodies that mandates mutual exclusion in taxation. The interest earned on federal ...
Stockbroker
1. Company serving as an agent on behalf of its client, charging a commission to the customer for rendering its services.
2. Agent which ...
Cascade Tax
Tax imposed on a good at every production process until it is being sold to the end user. This turnover tax has each successive transfer being taxe ...
Electronic Check
Payment form via the internet designed to perform the same function as a traditional paper check. Since it is in electronic format, it gives greate ...
KGS
Currency abbreviation for Kyrgyzstan (also called Kyrgyz Republic). A fraction of a som is a tiyin, the functional equivalent of a US cent. The pap ...
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SEE FOREX TUTORIAL
Student Loans: Federal Loans
Most of the students mull over the idea of maximizing the federal loan availability first before borrowing for college through a private loan. Norm ...
An Introduction to the Basics of Economics
Economics, as defined by the dictionary, is the science that is concerned with the process or system by which goods and services are produced, sold ...
Inflation and Investments
“How does inflation affect my investments?”
Most investors ask this question, particul ...
Do I Need to Move Out or Renovate My House?
Before deciding whether to move our or remodel your home, you need to consider some other factors.
Emotional Attachments. You&rs ...
Choosing Your Bank
Now that you’ve learned the basics of banking and the importance of it, you are now ready to put your money in a bank. But which bank should ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:01 | Rightmove House Prices | Feb | |
| 06:30 | Industrial Production | Dec | |
| 06:30 | Tertiary Industry Index | Dec | |
| 11:00 | Trade Balance | Dec | |
| 12:00 | Current Account (sa) | Dec | |
| 13:00 | Bundesbank Monthly Report | ||
| 15:15 | Housing Starts | Jan | |
| 15:30 | Foreign Securities Purchases | Dec | |
| 16:30 | FOMC Member Patrick T. Harker Speaks |
