Regarding head of household filing status,comment on the following:
Definitions:
Preferred Stock
A type of stock that generally provides dividends to its holders before dividends are issued to common stockholders, and typically has rights to assets before common stock upon liquidation.
Organization Cost
An intangible asset that records the initial cost of forming the corporation, such as legal and incorporating fees. Today, it is being expensed.
Intangible Asset
An asset that lacks physical substance, such as intellectual property, brand recognition, or goodwill.
Dividends
Payments made by a corporation to its shareholder members, usually derived from the company's profits.
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