Business Tutorial Media Resources

Question about capital loss

Capital loss?
Recently I sold an antique for 12,000 that I had bought for my personal use in 2004 at a cost of 15,000.
In my 2007 tax return, can I treat the sale of the antqiue as a transaction resulting in long-term capital loss?

It is often said that income tax returns are more imaginative than best selling novels. The truth, in both types of documents, is stretched, spun, colored and twisted to make things appear almost unrecognizable. However, new Thailand laws have been developed by the Revenue Department to ensure that capital losses, an area of tax returns rife for unethical deductions, are now fairer. Business legal services in Thailand are also Read more… »

Question about economy crysis

Can you please describe the current state of the U.S. Economy in brief? How Its stabilized? TY?
1. As I don`t live in the USA, I have no clear vision of the problem – what is the REAL impact of the economical crysis on US citizens? 2. What the Government and Fed did to stabilize the Economy, decrease inflation and so on?
P.S. Need some "live" info for my university studies Thank you!
Thank u, Easterlilly, In my country (Latvia, BAltics) theres much in common – same loan crisis, than GDP falls dramatically, Inflation rate is nearly 17 %, now the G & Central bank are trying to chill the economy, however, it may be very fast slowdown..

Because of today’s economy, people continue to search for ways to save a few extra bucks here and there. The same goes when it comes to purchasing desktop personal computers. Those who are in need of just a basic machine that is able to perform the most common computing functions (i.e. handling office files, web browsing, playing music, etc.) can actually get a fully functional PC for around $500, maybe even less. Below are s Read more… »

Question about capital gain

Capital Gain?
Hello,

I have purchased a defaulted home as an investment property. I have renoveted the home & now I am planning to sell it. I never used that home for my residence purpose. I know that property held for more than one year will be taxed as long term property.

I want to know, how the holding period is counted? I mean does it starts from date I purchased the tome or I completed the renovation of home?

Thanks in advance.

The capital gains rate for certain taxpayers will drop to 0% for tax years 2008 through 2010. How can you take advantage of this 0% capital gains rate?

First, let’s review the capital gains rate in general.

Gains from sales of personal investments held for more than 12 months generally are taxed at the capital gains rate which is 5% or 15%. The 5% capital gains rate is available only to those Read more… »

Question about business plan

business plan?
Would someone please give me a brief outline as to what my plan should look like/consist of. I am looking for investors in a business idea. Which will be franchised in the future.

A business plan guide is a great place to start when you are getting ready to write your first business plan. Perhaps you have found a book about writing business plans, or are following a template, but chances are, these materials will only focus on the steps necessary to create your business plan and will fail to point out the critical mistakes that most new business owners make. So let’s ignore the step-by-step tutorial for Read more… »

Question about debt management

Debt Management?
I have about 20K in Credit Card debt. I have no problem in making the monthly required payments. I thought about taking a loan and then paying the loan off, but I don't know who will give me a loan that big considering that I only make 30K per year. I have a very descent credit score (above 600). What is my best option to get rid of this debt? I am very skeptical about those debt consoldation companies.

Anyone who has paid attention to the mounting credit card crisis afflicting modern Americans should not be surprised by the sudden explosion of debt management firms in the last decade. The debt management industry has grown exponentially over the pas Read more… »