Loans Aren't Taxed By IRS, But Disguised 'Loans' Can Be Criminal
If you borrow $10,000, is it taxable income? No, since you have to pay it back, it does not count as income—if it’s a real loan. But IRS audits what is a 'loan.'
Source: forbes.com
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Up to $25,000 in Grants Available in February
Don't miss the $25,000 in grants available in February for everything from home-based businesses to manufacturing assistance programs.
Source: smallbiztrends.com
Minnesota Tech Entrepreneur Indicted in Multi-Million Dollar Offshore Tax Evasion Scheme
Minnesota tech entrepreneur indicted in multi-million dollar offshore scheme with multiple counts of tax evasion and other charges.
Source: smallbiztrends.com