While you are addressing this as a personal matter (between friends), rather than a formal business one, I'm not sure that any real division in the tax rules could be made. Its really more a business transaction between friends. As such: Loans/Borrowings are NOT taxable to you as the recipient. You exchange your promise to repay for the sum received. Your actually worth no more after receiving the loan than before. The increase in your cash assets is offset by the increase in your liabilty to repay. So, if a bank gives you a loan for any reason, say to buy a car or hosue, that isn't income when received. You have an increased liability to repay it. However, if the amount is just given to you, or a loan that you then fail to repay or is cancelled (essentially becoming the same as being given to you), YES that is income to you and reportable as such. So if you don't repay the loan from the bank mentioned above, (and you can see how that is basically enriching yourself at their expense, similar to stealing), the amount you 'get away' with is income. (Similarly, money you get from robbing a bank is taxble income). The givor may have a bad debt deduction, or casualty loss, or business expense. I say may because there would have to be several qualifications reached for that to be true, including that it was undertaken as a business (for profit motive), by the givor, etc.
A monetary financial institution (MFI's) is a bank (central, retail, wholesale) or building society which allows entities to make deposits with their institution. A non-monetary institution does not accpet deposits, i.e insurance firms or pension schemes. this a simple definition which should start you off on the right path. I hope. :)
Leaving one's spouse should not be undertaken lightly. Monetary circumstances may change, but a marriage represents a commitment. Unless there is no other way to resolve the difference, divorce should be considered the very last option.
A stockholder should receive payment only after the claims of the creditors have been paid off if that company declares bankruptcy.
No, eat it.
amenable
Usually, the mother claims all of the children, but it's much better if the children can switch between the two parents. The children should have an equal time with both.
Claims about single individuals should be treated as A claims or E claims. pg 254 in your textbook
We have a friend who claims she'd been infected by her cat. We were wondering if this can happen, and what precautions one should take.
Such claims should be treated with great skepticism.
because he wants to be way more than that. you should give him a try!!
Yes, they did. When Anita Hill claimed that a conservative - Clarence Thomas - had sexually harassed her, such women's groups claimed that women didn't lie about such things. However, when Paula Jones stepped forward with sexaul harassment claims against a liberal - Bill Clinton - the same groups claimed that she should not be believed.
This is short for " ... show cause why the other party should not be held in contempt [of court]." In such a hearing, one party claims that the other party has violated a court order and should be required to show why the court should not hold her/him in contempt and, therefore, impose a monetary judgment or some other punishment.
Just because a guy looks at you doesn't mean he likes you. You should ask him if he wants to hang out sometime and see what he says.
YOu have a law class tomorrow you should study?
If you really won't to, but think would it be fare to him? you might embarrass him.
Margaret Sanger claims that it should be illegal for people to be parents if inheritable diseases such as epilepsy or insanity.
In Minnesota, a worker's compensation claim for temporary disability must be claimed as soon as the condition is known. The initial injury should have filed with the employer as soon as the incident occurred.