A tax write-off is how businesses account for expenses, losses and liabilities on their taxes. Write-offs are a specialized form of tax deduction. When a business spends money on equipment or ...

If your credit card or personal loan debt has spiraled out of control, which is the case for a lot of borrowers in today's economic climate, hearing that a creditor "wrote off" your balance might ...

Private jet tax write-offs aren't just for the ultra-wealthy—they're written into the tax code. If you’re spending more than ...

A bad investment can go to near zero or close enough that it’s effectively worthless. But if you can’t sell it or it is never removed from your account (perhaps through the firm’s bankruptcy), your ...

When a credit card company agrees to accept less than the full amount you owe — say, $20,000 on a $30,000 balance — it’s ...

As a yoga teacher, you probably draw on intention and maybe even intuition to lead your students through their practice. But those talents, while valuable, won't exactly help you when it's time to do ...

Specific rules about which travel and entertainment expenses are deductable can make complying with the tax code seem like working through a giant hairball. But take a deep breath and get ready to ...

Accounts receivable is part of the current assets section of the balance sheet. It represents the total amount due from customers. If the company decides that a specific amount is an uncollectible bad ...

If you are a sole proprietor, you report your business profit or loss on Internal Revenue Service Schedule C of Form 1040, Profit or Loss From Business. If you sell merchandise or manufacture a ...