Posted: Apr 25, 2005 By: Harry W Hale

Subject: Taxable Income of Businesses

Comment: 1.Payments, grants, use of land, tax rebates, tax exemptions, gifts, freeservices, Waivers of utility fees set off's of fees or taxes, or any transference of something of value to a business by local and state governments be included in a business income statement and tax return as taxable income.

2. Use of company assets by retire executive be taxable income to the employee.