What Is a Taxable Event?

A taxable event is an occurrence that results in taxable income or a gain. The most common taxable event is the sale of property or assets, but other taxable events can include the sale of a business, the exercise of stock options, or the sale of a partnership interest. Which of the following income is … Read more

What is forgiveness?

Many times, facing a debt is impossible for a person or a company. And this can affect the decisions and strategies that have been raised within the . To prevent this from happening, debt extinction is often the solution. It is called a waiver (or pardon) when the creditor forgives the debtor the total or … Read more