The Tax Questions Blog

Posts Tagged ‘unrelated business taxable income and ira’

Question: If your expenses for a home-based business come to more than the income from that business, can they?

offset your personal income? If not, does anyone know of legal ways to reduce that taxable income (other than the normal deductions everyone knows about?) How do some people with good incomes manage to pay zero taxes?

Answer: They can and if they are you will be audit bait.

First National AlarmCap Income Fund Announces Internal Reorganization and January Distribution

EDMONTON, ALBERTA-- - First National AlarmCap Income Fund is pleased to announce a cash distribution for the month of January 2010 of $0.025 per Class A trust unit of the Fund. The distributions will paid on February 26, 2010 to unitholders of record as at the close of business on January 31, 2010.

Tax Law - StateLawTV.com