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The reimbursement is generally tax- free if you are paid under an insurance policy for living expenses resulting from the loss of occupancy or for a loss of use of your residence when your principal residence is destroyed or damaged by fire, storm or other casualty. Speak to your local CPA about the taxability of your reimbursement.

If you are insured for the full loss you incurred, but you do not file a claim, you cannot claim a deduction on your tax return.

If you are insured for the full loss you incurred, but you do not file a claim, you cannot claim a deduction on your tax return.

A doctor who is not self-employed, but works for a hospital, may deduct premium costs as an Itemized deduction on IRS Schedule A. A self-employed doctor may deduct the premium costs of malpractice insurance as a business deduction.

A doctor who is not self-employed, but works for a hospital, may deduct premium costs as an Itemized deduction on IRS Schedule A.
A self-employed doctor may deduct the premium costs of malpractice insurance as a business deduction.

Insurance policy premiums paid for the protection of your business covering situations such as embezzlement, burglary, accident, fire, storm, theft, workman's compensation, and public liability, are business expenses and are deductible.

Insurance policy premiums paid for the protection of your business covering such situaitons as embezzlement, burglary, accident, fire, storm, theft, workman's compensation, and public liability, are business expenses and are deductible.

The exchange of one life insurance policy for another one is considered a tax-free exchange. Also, an exchange of an annuity contract for another annuity contract with identical recipients is a tax-free exchange. An endowment policy for another endowment policy that provides for regular payments beginning no later than the date payements would have started under the old policy is considered a tax-free exchange.

The Turnover of Cash Liquidity ratio evaluates the adequate means that a company has to finance sales without struggling to pay for materials or goods that the company is buying. Net sales, divided by working capital = TOC Ratio. (Working capital = current assets, minus current liabilities). The generally accepted standard is 5 or 6 times working capital, but may differ depending on your industry.

This ratio illustrates the relationship between capital contributed by the creditors (such as banks and suppliers) which loan a business cash and the owners equity remaining in the business. It is commonly used to measure the degree of financial leverage of the business. The Total Long-Term Debt, divided by Stockholders' Equity = DTE Ratio. (Stockholders Equity = Total Assets, minus Total Liabilities).