Want this question answered?
No. Also, it is probably not a good idea to try and deduct the premiums for diability or life insurance because if you deduct the premiums or if the employer pays the premiums then any benefits are then taxable. You certainly would not want to have to pay income tax on a large life insurance benefit just because you wanted to deduct a few hundred dollars of insurance premiums.
If you charge tax on the products/services you sell, the customer pays the sales tax and the business passes the tax onto the state/municipality. If the business buys supplies for use in the business (and not for resale) you will pay sales tax and the entire cost of the supplies will be deductible to the business. If you buy the same supplies from out of state and do not pay Nebraska sales tax, you should pay Nebraska use tax and that amount is also deductible to the business. If the business buys supplies that go into making a product for resale, you should not pay sales tax on the purchase of those supplies.
What? A very muddled question or ideas on what is taxable.The tax if any is due upon each part of th transaction...not dependent on a condition subsequent... a repurchase or whatever....and how could that change the tax? Your not thinking that because you sell something and then buy it back at a later time that it wouldn't be a taxable transaction are you?
The interest you pay when you buy home is an itemized deduction on your tax return. As long as the interest and your other itemized deductions exceed the standard deduction, they reduce your taxable income, so you pay less income tax. The property taxes you pay are also generally deductible. The gain on the increases in value (ignoring some million $ exceptions) gets virtual tax free treatment on sale. As noted above: The interest expense, which is actually not on the home but on the mortgage that is secured by the primary home, is deductible. (Of course, there is a true expense to that also). Frequently, having made the threshold for itemizing deductions, (by incurring the interest), allows someone to start itemizing and deducting other items they wouldn't have been able to before. On the other hand, the standard deduction was a "give me" in determining taxable income, and your only going to benefit by the amount above it that you can itemize.
Bigger is not always better. A home with a big bond is not an investment, warns Schaefer. "People tend to buy bigger houses and take on bigger bonds as their jobs improve but this just means paying larger monthly instalments," he said. It will make far more sense to live in a smaller house and invest in buy-to-let properties with tax-deductible bond payments, reckoned Schaefer
To find more information on buy-sell agreements you can try www.umass.edu/fambiz/articles/legal/buy_sell.html.
There are many different places that allow you to buy ad sell agreements, including writing them up and learning how to implement them. A couple great sites are nationwide.com and inc.com.
buy everthing
not sure what 'deal with '' means, you chose your deductible when you buy the policy (higher the deductible lower the premium on coll and comp)..if your collision or comprehensive coverage are used (regardless of fault) then your deductible will apply.........
The same as a deductible
Normally when you buy a house, you will be required to get home owner's insurance and pay a deductible. If you can pay the deductible, you may lose your homeowners insurance.
No. Also, it is probably not a good idea to try and deduct the premiums for diability or life insurance because if you deduct the premiums or if the employer pays the premiums then any benefits are then taxable. You certainly would not want to have to pay income tax on a large life insurance benefit just because you wanted to deduct a few hundred dollars of insurance premiums.
Commodity traders determine the pricing of oil commodities. They bid on future contract, which are basically agreements to buy or sell oil at a certain date in the future for a price.
A standard insurance policy provides for deductibles (or excess) clause, i.e., a claim is settled by the insurer only in excess of the limits specified under this clause. The insured can buy supplemental insurance to cover a part or full of this "deductible" amount. This supplemental insurance is called deductible buy down insurance.
No they did not buy Cricket, neither are they in talks or agreements to purchase Cricket.
If you buy a house, stocks or just about anything, you will have a capital gain or loss on the sale. If you have a gain, you pay tax immediately. If you have a loss, you can write that off $3,000 per year. Most people say this is unfair to a person who has lost a lot in the stock or housing market. If you lose money on your home, it is not deductible. If you gain money on your home, if is taxable above an exemption. Some economist say if you buy a house and then sell it and buy another, why would you pay capital gains. You still have a house. The only thing that has changed is inflation on of the money supply.
Commodity traders determine the pricing of oil commodities. They bid on future contract, which are basically agreements to buy or sell oil at a certain date in the future for a price.