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7
votes
1answer
101 views

How to fill the IRS Offer In Compromise with an underwater asset?

I owe about $6k in back taxes, and simply don't have the money--it's hard for me to find even minimum wage jobs in the current economy, and I am burdened with consumer debt. After speaking with the ...
0
votes
2answers
51 views

How to measure the cost/value of an Asset in the Financial Statement

I am currently working on my own Financial Statements. I have several blogs and derive considerable income from it then i decided to put all the assets and liabilities in the books. My problem is ...
13
votes
6answers
3k views

Legitimate unclaimed property that doesn't appear in any state directory?

I received a letter from 'Legal Claimant Services', a division of Keane claiming that my recently-deceased father has some assets in a Georgia bank. Of course, for a fee, they would help me recover ...
0
votes
2answers
163 views

Expensive agenda book/organizer. Office expense or fixed asset?

I am unsure how to book an agenda book/organizer that was purchased for our business. Normally I book office/organizational expenses (notebooks, printer ink, etc.) as "Office Expenses" but the cost ...
7
votes
5answers
298 views

For net worth, should I value physical property at my cost to replace it, or the amount I could get for selling it?

I recently was a good little consumer and picked up a relatively expensive set of new home furnishings, some furniture, a TV, some other electronics ... items of that nature (don't worry, been ...
4
votes
3answers
234 views

What is an “International Equity”?

I'm an investment newbie, and I'm trying to understand the terminology. On the website for a certain investment firm, the main types of assets are: Large Cap Equity Small Cap Equity International ...
13
votes
10answers
1k views

What assets would be valuable in a post-apocalyptic scenario?

In spite of the tendency for people to think of gold and diamonds as an emergency store of value for a shit-hits-the-fan scenario, I have a hard time understanding how owning physical gold would ...
7
votes
2answers
93 views

Locating all the deceased's assets in the UK

Is there anyway, in the UK, for an executor of a will to locate all the deceased person's assets? Or, to put it another way, how can one be sure that all the deceased person's assets have been ...