Is a Business Loan Taxable Income?
Understanding and interpreting business tax law is a daunting task. First of all, what is "business income"? Basically, if the income has anything to do with your business, whether or not it is on a full-time, part-time, or occasional basis, it is business income. But is a business loan considered business income?
To read the full story on AllBusiness.com, click here.