Tag: IRS
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The Tramp Art Origin Story Isn’t What You’ve Likely Been Told (The Real One Involves The IRS!)
Every article I’ve ever read about Tramp Art starts out something like this: “Have you seen this art? It’s grotesque! It’s hideous! It’s so ugly, it’s beautiful! Can you believe this awkward and/or magnificent piece was carved by some hobo in exchange for a can of beans?” You can almost hear the banjo twang under…
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Equipment Sale Leaseback: IRS vs. FASB Considerations
An equipment sale leaseback is a financial arrangement where a company sells its equipment to a leasing company or financial institution and then immediately leases it back for continued use. Essentially, it’s a way for a business to free up cash tied to equipment it owns while still retaining access to that equipment for its operations.…