Bank finance articles and tips

For truckers who are new to the E-Filing process, it may seem a bit intimidating; but rest assured, it is a quick and easy process. Below are some common questions that may help.
Q. Who is required to E-File ExpressTruckTax?
Those reporting 25 or more vehicles for any taxable period are required to E-File through an IRS-approved software provider; however everyone is encouraged to E-File. Electronic filing saves you time and postage, and helps to reduce preparation and processing errors.

Q. Why do I need an Employer Identification Number to e-file?
The EIN along with your name provides a unique identifier for each taxpayer, which protects your privacy.

The issue of pre-bankruptcy transfers is discussed often; but most debtors aren't sure how a pre-bankruptcy transfer is determined to be preferential and reversible. Below are a few standards that bankruptcy trustees use when determining if a pre-bankruptcy transfer is preferential and needs to be reversed:

Does It Benefit The Creditor?

If a debtor simply paid their minimum payment on a credit card before filing bankruptcy, this would not be considered a preferential transfer because it doesn't really benefit the creditor. Well, it doesn't offer an extra benefit over what they would normally receive outside of bankruptcy. On the other hand if the debtor had two credit cards and paid one off while allowing the other to go into default before filing bankruptcy, the bankruptcy trustee might consider it a preferential transfer of assets....

Come with me while we travel back in time, not far, just 5 years or so. Now that we're here, take a look around. What do you see? I bet you see just about all of those corporate folks using their Blackberries to make calls and check email. Poof! Now we're back in current times. Something has gone horribly wrong at the BlackBerry parent company, RIM, and is it the fault of RIM's product managers?....

Have you started a small business and need to know when to file your tax returns? Perhaps you've heard about filing quarterly returns and are wondering if that requirement applies to you? Read on to get answers to these important questions.

Annual Income Tax Returns. All small businesses must file a return annually. Generally speaking, if your business has a calendar year-end, you must file one of the following business income tax forms by the due date listed below: