Is commission rebate from the buyer's Realtor to the buyer a taxable income? Transaction was done outside of the escrow and 1099-Misc (Box 7) was issued to the buyer following January. 1) is this taxable income for the buyer and 2) if so, is he responsible for SE taxes as well?

Which washer/dryer will qualify for an energy-efficient tax credit?

How does new Emergency Homeowner Loan Program (EHLP) work?

How many people actually go in for a Health Insurance? It is observed that most people think it is a waste of money so avoid it. What do you think?

What exactly is accounts receivable financing and factoring and how can it help a business?

What is a Future Delphi credit scoring and how does it work?

What is the difference between the gross and net interest rate?

What are the advantages of factoring?
Factoring allows your company to get instant cash, in less than 24 hours. Factoring can be defined as a process when a third party firm, known as a factor, purchases the accounts receivable of a business and gives it cash advance based on those bills (that are unpaid). It has a number of benefits like:
1. Does not require collateral
2. Good use for growth
3. Qualify for more and more funding
Do you agree with this? Are there any more benefits?