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		<title>Understanding Tax Returns/Income</title>
		<link>http://www.startupnation.com/community/orca/topic/Understanding-Tax-ReturnsIncome.htm</link>
		<description>Understanding Tax Returns/Income</description>
		<lastBuildDate>Wed, 17 Sep 2008 7:21:40 GMT</lastBuildDate>
		
			<item>
				<title><![CDATA[Definitely seek a qualified acco]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Understanding-Tax-ReturnsIncome.htm</link>
				<description><![CDATA[Definitely seek a qualified accountant`s input in the due diligence process.&#160; Do you live near the business?&#160; Go check it out.&#160; Ask for the&#160;bank statements for the last 3 months.&#160; If it is a franchise, I will tell you not to rely o[...]]]></description>
				<pubDate>Wed, 17 Sep 2008 7:21:40 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Understanding-Tax-ReturnsIncome.htm#734616</guid>
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				<title><![CDATA[
  In addition to vwbworld`s re]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Understanding-Tax-ReturnsIncome.htm</link>
				<description><![CDATA[
  In addition to vwbworld`s recommendation, I would also look for some way to audit or "test" portions of&#160;the financial statements.&#160; Unless they have been audited or prepared by a CPA, there is ]]></description>
				<pubDate>Wed, 17 Sep 2008 7:21:40 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Understanding-Tax-ReturnsIncome.htm#734615</guid>
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			<item>
				<title><![CDATA[
  The owner can get funds out ]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Understanding-Tax-ReturnsIncome.htm</link>
				<description><![CDATA[
  The owner can get funds out of the business in a number of ways, depending upon the structure of the business (sole-proprietor, partnership, corporation, etc) his/her income may be easy to determine. For example if it is a corporation owner`s sala]]></description>
				<pubDate>Wed, 17 Sep 2008 7:21:40 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Understanding-Tax-ReturnsIncome.htm#734614</guid>
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			<item>
				<title><![CDATA[I am looking at buying an existi]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Understanding-Tax-ReturnsIncome.htm</link>
				<description><![CDATA[I am looking at buying an existing business and have seen balance sheet and income statements. &#160;I of course will be seeing tax returns soon, but what is the best way to truly understand what type of "income" the current owner is pulling out of the bus[...]]]></description>
				<pubDate>Wed, 17 Sep 2008 7:21:40 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Understanding-Tax-ReturnsIncome.htm#734613</guid>
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