When Do You Capitalize Interest?

Under the accrual basis of accounting, interest is capitalized in association with the financing of assets an organization constructs for internal use or for assets that are constructed with the intent to sell or lease upon completion. Interest is only capitalized during the period under which the asset is being prepared for its intended use. …

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Is Your Spouse Hiding Assets? A Review of Tax Returns May Uncover Some Red Flags

If you are in the process of divorce and believe your spouse may be hiding assets, a review of your tax returns may provide some indication of those assets.  Of course, the spouse who controls the preparation of the tax return does not always report income relating to hidden assets, (hence the word “hidden”).  However, …

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Importance of Declining Enrollment Form

Many employers that participate in 401(k) plans do a very good job at keeping paperwork for participants who enroll in the plan. Where deficiencies occur is when the participant does not wish to participate in the plan but does not provide any additional paperwork showing they have declined enrollment.  It is important that the employer …

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