Present Value Interest Factor of Annuity PVIFA Formula, Tables

The PVIF formula calculates the current worth of a lump sum to be received at a future date, while the PVIFA calculates the present value of a series of annuities. Annuity tables estimate the present value of an ordinary fixed annuity based on the time value of money. Consider that every dollar has earning potential […]

How to File Tax Form 1120 for Your Small Business

Because the treatment of each shareholder’s share of corporate income or loss and credit depends on the nature of the activity that generated it, the corporation must report income or loss and credits separately for each activity. If an entity with more than one owner was formed as an LLC under state law, it is […]