http://www.zetleylaw.com/tax-newsletters/Tax/?launch_axn=feed&type=rss_2.0 Untitled 1 http://www.zetleylaw.com/tax-newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000385&title=Transfer+of+Property+between+Spouses&source=feed In general, if you transfer property to or receive property from your spouse, no gain or loss is recognized. This rule applies even if the transfer is made to a trust for the benefit of your spouse or to a former spouse if it was incident to a... http://www.zetleylaw.com/tax-newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000385&title=Transfer+of+Property+between+Spouses&source=feed http://www.zetleylaw.com/tax-newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000344&title=Interest+Received&source=feed The general rule is that any interest a taxpayer receives or that is credited to his or her account is taxable income. Some of the most common examples of fully taxable interest are interest on bank accounts, money market certificates, bonds,... http://www.zetleylaw.com/tax-newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000344&title=Interest+Received&source=feed http://www.zetleylaw.com/tax-newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000345&title=Business+Income&source=feed Not surprisingly, the definition of taxable business income is a broad one. To paraphrase the Internal Revenue Code, it includes all income from whatever source it is derived. In general, anything of value received by a business is considered... http://www.zetleylaw.com/tax-newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000345&title=Business+Income&source=feed http://www.zetleylaw.com/tax-newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000386&title=Tax+Issues+of+Limited+Liability+Companies&source=feed Compared to the other forms of business organization, a limited liability company (LLC) is a fairly new statutory creation in most states. An LLC is usually formed under the law of a state when its owners (called members) file articles of... http://www.zetleylaw.com/tax-newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000386&title=Tax+Issues+of+Limited+Liability+Companies&source=feed http://www.zetleylaw.com/tax-newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000307&title=Cancellation+of+Certain+Student+Loans&source=feed The general rule is that if you are responsible for making loan payments and the loan is forgiven, you are required to include the amount of the cancelled loan in your gross income for federal income tax purposes. However, under certain... http://www.zetleylaw.com/tax-newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000307&title=Cancellation+of+Certain+Student+Loans&source=feed