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What else can I help you with?
Is equitable distribution taxable?
Yes, equitable distribution can be taxable, depending on the context. In divorce settlements, for instance, the transfer of property between spouses is generally not considered taxable income. However, if the distributed assets include retirement accounts or other investments, there may be tax implications when those assets are withdrawn or sold. It is advisable to consult a tax professional for specific guidance based on individual circumstances.
What is assets trade?
Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable
Are interest on bank accounts taxable?
yes
Are HSBC offshore banking accounts legal?
Offshore banking accounts offered by HSBC are legal when used for legitimate purposes and comply with relevant regulations and reporting requirements. It is important for individuals to understand and comply with tax laws in their own country when setting up offshore accounts.
What is net trading assets?
Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable
Does offshore merchant accounts raise suspicion?
These type of accounts can raise suspicion. Many offshore merchant accounts are not completely legitimate. The companies behind them will bilk clients of of thousands of dollars but claim they have real reasons for withholding the money they collected.
Is the sale of a company's assets taxable for city income taxes to the business selling the assets?
Depends on the city's tax code.
Is accounts receivable a current or non current assets?
Current assets
How much of the worlds production currently comes from offshore regions?
Offshore oil accounts for approximately 23% of the total oil production.
Are accounts receivable liquid assets?
Accounts receivables is a liquid asset
Why do so many rich people and corporations have offshore banking accounts?
Many rich people and corporations have offshore banking accounts. They do this because the tax laws are different in different countries, and by storing their money offshore, these entities can avoid paying taxes on that money to the American government.
What type of services does HSBC offshore offer?
HSBC offshore is known for offshore banking and investment services. Accounts are accessible via internet or phone banking. HSBC offshore can also help you navigate tax implications and ramifications.
