0
Are original issue discounts on us treasury obligations taxable?
Wiki User
∙ 11y ago
yes federal no state
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
How does Louisiana's industries benefit the state?
Louisiana's industry bring jobs to the state and taxable income.
What items were taxable under the Townsend Act?
Paper ,glass and tea ...
Is a general 4 stars salary taxable?
Nope. Because a soldier never gets a "salary"! That is for civilians...
Can you list the taxable items of the stamp act of 1765?
Paper, Tea, News Paper, and Glass Paper, Tea, News Paper, and Glass
Will Veterans administration send out a 1099 r for the 250.00 veteran stimulus money?
Normally (barring any hidden new laws), medical disabilities are not taxable income.
Are TReasury I bonds taxable?
Treasury Notes, Bonds and such are direct obligations of the US Government. The interest on these is taxable by the Federal government but is exempt from all State and Local taxes. You should receive a form 1099-INT stating the amount of income in box 3 to include on your return. See the link for more indepth info...especially page 11.
Who can benefit from Original Issue Discount?
OID securities are great for non-taxable entities. They have none of the tax problems taxable entities have with imputed interest etc.
Is interest income taxed when received or earned?
Interest income is considered taxable when earned. For example, if your savings account accrues interest, it is taxable at the time of accrual even if you are not utilizing the funds within the account. However, if you are accruing interest on a treasury bond that you have not yet cashed, the interest is not taxable until the bond is cashed and you receive the funds.
Why is it that US Treasury bonds are not taxable at the state level?
Reciprocity. The states cannot tax federal issues and the federal government cannot tax state issues.
Is cash-back from purchases taxable with the IRS?
No, but... If you the cash back was paid for the purchase of an item that you are deducting (such as a business expense), then you have to reduce the deducted amount by the cash back paid for that item. Cash back payments are not taxable for their own sake, because you had to purchase something to get them, so they are just like discounts on the items purchased.
Is labor taxable taxable in Florida?
Yes! All services are taxable in Florida.
Is ppf interest taxable?
No. It is not taxable
Interest on City of Boston Bonds - are they Taxable or non-taxable?
No city bonds are taxable
Is kinship income taxable income?
No it is not taxable
Is ppf amount taxable after maturity?
No. it is not taxable
Is workers comp from NY taxable?
No it is not taxable
What is taxable investment?
An investment, whose returns are taxable can be termed as taxable investment. For ex: In India, the interest earned on bank deposits are taxable. Hence depositing money in fixed deposits can be considered as a taxable investment
