What are the differences between Chapter 7 and Chapter 13 bankruptcy?

June 30, 2024 No Comments

A: In the United States, the most common kinds of personal bankruptcy filings are under Chapter 7 or Chapter 13 proceedings. The first kind, Chapter 7, is commonly referred to as a personal liquidation and allows the filing party to wipe out significant chunks of

What are the differences between Chapter 7 and Chapter 13 bankruptcy?

July 7, 2024 No Comments

What are the differences between regressive, proportional, and progressive taxes?

June 30, 2024 No Comments

A: Tax systems fall into three main categories within the tax code: regressive, proportional and progressive taxes. Regressive taxes are those that have a greater impact on low-income individuals than high-income earners. A proportional tax, also referred to as a flat tax, impacts low-, middle-

What are the differences between regressive, proportional, and progressive taxes?

July 7, 2024 No Comments

What are the pros and cons of a progressive tax policy and who benefits the most from it?

June 30, 2024 No Comments

A: Those who oppose a progressive tax hierarchy are likely to be those who pay more taxes when such a policy is in place. A progressive tax policy requires individuals with higher incomes and wealth to pay taxes at a rate that is higher than

What are the pros and cons of a progressive tax policy and who benefits the most from it?

July 7, 2024 No Comments

What are the tax implications for both the company and investors in a divestiture from a publicly traded company?

June 30, 2024 No Comments

A: In finance, divestiture is defined as a reduction of a company’s assets as a result of asset closures or the selling of business units, subsidiaries, divisions or assets to other corporations or individuals. A selling company typically receives consideration for assets such as cash,

What are the tax implications for both the company and investors in a divestiture from a publicly traded company?

July 7, 2024 No Comments

What are the tax implications of owning a master limited partnership (MLP)?

June 30, 2024 No Comments

A: There are significant tax benefits to owning units in a master limited partnership (MLP), although most investors do not want to hold an MLP interest in an individual retirement account (IRA). Distributions from MLPs to unit holders receive favorable tax treatment under the IRS

What are the tax implications of owning a master limited partnership (MLP)?

July 7, 2024 No Comments

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