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Tag Archives: Purposes
If I Use A Personal Bank Account For Business Purposes, Can I Put Some Savings In To Pay Costs?
I am a sole trader and have a business bank account which will have all my income and most of my expenses. However I want to use one of my personal accounts solely for 1-2 business expenses due to convenience.…
Is It A Good Investment To Buy A House In New Jersey For Savings Purposes?
Thinking of taking a loan to finance a house purchase in New Jersey. Would like to find out if it is a good decision compared to other savings options.
If I’m Added As A Coowner To A Savings Account, Is It A Gift For Fed Income Tax Purposes?
I don’t care about the issue of the interest on the savings. I care about knowing if by being named a co-owner, that the principle, or part of it, may be taxed as a gift.