Negotiate Successfully: How to Get Your Way and Find Win-Win by A. C. Black PDF

Negotiate Successfully: How to Get Your Way and Find Win-Win by A. C. Black PDF

By A. C. Black

You negotiate on a daily basis in every kind of events and in lots of ways.

This booklet might help construct self belief and recover effects with

practical suggestion at the uncomplicated rules of negotiation, how to

prepare, how one can preserve cool stressed and the way to appreciate and use

body language in your virtue.

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Extra resources for Negotiate Successfully: How to Get Your Way and Find Win-Win Solutions

Example text

But if you have a “buy and hold” portfolio, you are not a professional trader. Indeed, you’re ­probably in trouble if you hold on to your stocks for more than two or three months on average. • How often you trade. Professionals trade frequently. Many ­account­ants use the rule of thumb that a professional investor must execute at least ten trades a day, five days a week; this adds up to at least 3,000 trades a year. However, people who do fewer trades a year may still qualify as professional investors.

While they had a lot of fun socializing with family and friends, they never came close to earning a profit. They claimed a loss from this business of over $18,000 a year for two straight years. They deducted this loss from Jorge’s ­salary as a full-time petroleum engineer, which saved them thousands of dollars in Chapter 2 | is your home REALLY A BUSINESS? | 25 income taxes. Things were going great tax-wise, until the IRS audited the Lopezes’ tax returns and concluded that the Amway distributorship was a hobby rather than a business.

Because hobbies are not businesses, hobbyists ­cannot take the tax deductions to which businesspeople are entitled. ­Instead, hobbyists can deduct their hobby-related expenses only from the income the hobby generates. If you have no income from the hobby, you get no deduction. And you can’t carry over the deductions to use in future years when you earn ­income—you lose them forever. Example: Charles collects antiques from his home. This year, he spent $10,000 buying ­antiques and earned no income from the ­activity.

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