ASK THE EXPERTS Q& Related News Articles

Ask The Experts: Business Loss Deduction

Q: I purchased a business in 2000 and am currently in negotiations to sell it to a corporation. At the time, I took depreciation for goodwill, equipment, restrictive covenant, etc. I will be selling this business at a loss. Am I permitted to deduct the loss on my taxes?

Published on November 05, 2012

Ask The Experts: Form 1099

Q: I’m just starting a business. I’ve heard about having to track certain kinds of vendors (or customers) in order to send them a Form 1099 at the end of the year. Does that exist? If so, how is it done, what needs to be tracked, and where is it reported?

Published on October 01, 2012

Ask The Experts: Business Legal Structure

Q: Can you recommend a partnership agreement that we should use and advise us about any other steps we should take in starting our new business?

Published on August 03, 2012

Ask The Experts: New Contract Employee Forms

Q: Can you tell me which employment forms a contract employee needs to complete before starting to work for my company?

Published on June 29, 2012

Ask The Experts: Business Structure

Q: I’ve operated a handyman business for several years as a sole proprietor. I’m now starting a second business as a voice-over artist. I’ll be operating both businesses for at least two years. What would be the best business structure?

Published on June 01, 2012

Ask The Experts: Section 179 Depreciation

Q: Can you take Section 179 depreciation on used equipment? Where is this deduction explained in the IRS rules? I’ve been struggling through Publication 946 and can’t find any requirement that the equipment has to be new to qualify for the deduction.

Published on May 07, 2012

Ask The Experts: Establishing a Trademark

What is the best way to establish a trademark for a business?

Published on February 03, 2012

Ask The Experts: Business Vehicle, Business Software

Should our business own a vehicle? Which business software is best for my company? The NASE Experts answer your questions.

Published on December 30, 2011

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