Individuals and businesses often make payments, such as rent or insurance, in advance of when payments are due. Learn who benefits when expenses are prepaid.

We call these items prepaid farm expenses. The tax rules are very specific on how to handle these costs. First, the invoice must be for a specific item, price per quantity and then an extension of ...

You can submit reimbursement for your prepaid airfare expenses purchased in advance of a trip. However, first be sure to confirm with your department that this is allowed. While airfare is a travel ...