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How do you report massage therapy income to section 8 housing if it is inconsistant income?

July 13, 2010 By: admin Category: General

I don't want my rent going up and down all the time and child support based on my income as it is not the same each month. How do you report income that may be there one week but not the next and so on?

Transfer of Rental income to spouse and interest earned from such income – Is it taxable on transferor?

July 12, 2010 By: admin Category: General

I am planning to transfer the rental income from my house to my wife account for her personal expenses. I will club the rental income in my total income and accordingly paying the tax. Is any interest earned in my wife's account (from the rental income) to be clubbed in my total income?