world news
What is the tax code for a non-profit organization?
501 Section 501(c)(3) is the portion of the US Internal Revenue Code that allows for federal tax exemption of nonprofit organizations, specifically those ...
Category: World News
world news
What does it mean when a house is built on spec?
A spec home is a new, move-in-ready home built by home builders across the country. These are houses that are built before a home buyer makes a purchase. ...
world news
How do I do small business payroll at home?
To get started: Step 1: Have all employees complete a W-4 form. Step 2: Find or sign up for Employer Identification Numbers. Step 3: Choose your payroll s...
world news
What is stolen money called?
Burglars and pirates handle a lot of loot — otherwise known as stolen money or goods. Loot is right up there with booty and swag in the family of words fo...
world news
What is the long-term capital gains rate in New Jersey?
10.75% Long-term capital gains tax is levied on profits from the sale of an asset held for more than a year. Long-term capital gains tax rate is 0%, 15%, ...
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What are scheduling laws?
Predictive scheduling laws require employers to give employees adequate notice of when they will work so that they can plan for and around their work shif...
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How many types of deductions are allowed in salary?
Under the new income tax regime announced with Union Budget 2020, around 70 tax deductions and exemptions, including standard deduction, HRA, housing loan...
world news
Can 1031 be used for personal property?
Personal Property as a 1031 Exchange Personal property does not mean property used for personal gain because IRC 1031 requires all property, whether real ...
world news
Is there both federal and state capital gains tax?
Capital gains are taxable at both the federal level and the state level. At the federal level, capital gains are taxed at a lower rate than personal incom...
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Is a merger a stock sale?
A stock or equity sale transaction involves the sale of the equity interests in a target company from the equity holders to a buyer. A merger is, in many ...
world news
Can you pay someone a finders fee?
Finder’s fees are the commission paid to a person who facilitates a transaction. In some situations, the finder’s fee is paid by the buyer of the transact...
world news
What is the value of each unit of mutual fund?
When you invest, you are buying units of a mutual fund. When you redeem/withdraw money from a mutual fund, you are selling units. The NAV is the price of ...
world news
Do I have to pay taxes on my stock investments?
When you sell investments—such as stocks, bonds, mutual funds and other securities—for a profit, it’s called a capital gain. When you file your annual tax...
