Personal goodwill has been recognized as an asset separate from business goodwill. For federal income tax purposes, personal goodwill minimizes the value of corporate assets but allows the sale proceeds to be allocated to an asset which is...
Under omnibus budget legislation enacted by North Carolina, an out-of-state retailer is presumed to be transacting business in the state and, thus, subject to sales tax collection requirements if it makes more than $10,000 in annual sales from...