Why Dividends Received Deduction is important? Dividends Received Deduction (DRD) is available to Corporations. The purpose of the dividends received deduction is to mitigate multiple taxation of corporate income. If a corporation owns a stock in another corporation and receives dividends, then a portion of dividends may be deducted from income as a special deduction […]
Dividends Received Deduction – DRD (IRC section 243) Read More »
A business can choose accrual method of tax accounting but it has to be eligible to use the cash method of tax accounting. Cash method of tax accounting eligibility In general, a business recognizes income when actually or constructively received Public Law 115-97 provides a guideline for businesses to be eligible to use the cash
Tax Accounting Methods: Cash Method vs. Accrual Method Read More »
I’ve always had a credit score of 800 and above for so many years. However, there was a silly mistake that costed me 90 points. The lower credit score impacted my interest rate and closing cost when I purchased my home in 2019. Automatic Payment is the key to keep up with billing deadlines As
A Silly Mistake Can Significantly Hurt Your Credit Score – A Mistake Should Be Avoided Read More »
