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What else can I help you with?
Can an s-corporation shareholder deduct life insurance premiums?
Assuming the purpose of the insurance is for a buyout or keyperson, the answer is no.
What are your tax liabilities if you inherited 10000 dollars?
Zero, assuming that the $10,000 is cash.
Do I have to pay taxes on insurance paid on apartment building due to fire We r corporation?
Maybe.. The best way to describe the situation is to think of it as a sale of the property. You don't have to pay taxes on insurance proceeds up to the amount of your tax basis on the property. You will have to pay taxes on any payments above your tax basis. If you receive more than your basis you pay tax on the gain. This is assuming the property is a total loss. If it was repaired, then your basis would transfer to the repaired property, no loss, no gain.
Can you gift money to family members and deduct the amount from your taxes?
Assuming that you are referring to U.S. income taxes, the answer is absolutely not.Not only are gifts to a person (as opposed to a tax-exempt charity) not deductible, you may even owe an additional "gift tax" on them. The gift tax is paid by the giver, not the recipient (it's not required to be reported as income by the recipient, either).This applies even if you give the money to a charity but "earmark" it in some way for a particular individual. You can give your local church $50,000 "to help the needy" and that's deductible. If you give them $50,000 "to help Fred who just lost his home", though, it's not.If you want to avoid estate taxes, the Annual Gift Exclusion can help there."The annual gift tax exclusion, the amount you can give to any individual each year without it being considered a taxable gift, is indexed for inflation, and the Internal Revenue Service has announced that in 2009 the amount will increase to $13,000 from the current $12,000. Thus a married couple will be able to give up to $26,000 to each of multiple recipients without incurring any federal gift tax."
Is inherited life insurance taxible?
The death benefit for life insurance is not taxable assuming it is not a Modified Endowment Contract.
What is fullform of BBC?
Assuming you're talking about the TV channel... it stands for British Broadcasting Corporation.
Can an s-corporation shareholder deduct life insurance premiums?
Assuming the purpose of the insurance is for a buyout or keyperson, the answer is no.
If a promoter enters into a contract with third part on behalf of proposed corporation who is bound?
If a promoter enters into a contract on behalf of a proposed corporation before it is officially formed, the promoter is personally bound to the contract. The proposed corporation is not bound until it is formally incorporated and adopts the contract. Once the corporation is established, it may choose to ratify the contract, thereby assuming the obligations, but until then, the promoter retains liability.
Why does the connection box keep popping up even when you are online?
you may be losing connection- I'm assuming you are on wireless. try to set your preferred band. Need more into to answer....
How will magnetic minerals align in a rock if earth has no magnetic field?
Assuming there is no Earth magnetic field, and no other significant magnetic fields, they will not allign in any preferred direction.
Corporation vs LLC?
Assuming you refer to a C-corporation, the major difference is the tax treatment of revenue/expenses and profit. The C-corporation is taxed at corporate tax rates whereas the LLC passes to its Managing Members all of its profits. The individual Managing Member is taxed at personal tax rates. There may or may not be other advantages of one over the other; for example, liability.
When a parent dies without making a will is money divided between children or does it go to eldest child or son?
Assuming there is no other surviving parent, it will be divided among the children and issue of any predeceased children. The eldest son does not inherit to the exclusion of the other children.
If a tire blows out on my vehicle and the only damage is to my vehicle and the passengers in it What if any will my North Carolina liability insurance pay out?
you are saying you only have liability? will cover nothing on your vehicle. if your passengers were injured (baring any exclusion) you liab. coverage will cover their injuries assuming you were negligent in some way....
How heavy is a shinook?
Assuming you're referring to the CH-47 Chinook helicopter (the preferred method of transport by air in Afghanistan), the CH-47F model has an empty weight of 23,400 lbs. and a max takeoff weight of 50,000 lbs.
What is the ticker symbol for Microsoft?
The ticker symbol for Microsoft Corporation is MSFT and it is traded on the Nasdaq.
What licenses do you need to become a professor?
You need to take the National Teachers Exam, and many states have additional testing you need to take and pass to work in state. They are typically mostly common sens types of questions, but they are necessary to study for take and pass to teach.
Why are you interested in working for Carrols Corporation?
This is really just a test of your common sense. I'm assuming that the Carrols Corporation that you refer to is the restaurant franchise group. You could try an answer like; "I have always believed in the value of good customer service and a role at Carrols Corporation would allow me to contribute to a company that is known for a strong customer service focus and has a track record as one of the nation's most respected restaurant chains" Depends on the role you've applied for but if you will be serving customers then the above would probably work well.
