world news
How did Walt Disney buy land in Florida?
Its turns out that Walt Disney created multiple fake companies (like M.T. Lott Real Estate) to buy Florida land in the 1960s. This let him acquire what is...
Category: World News
world news
What accounts are in general ledger?
General Ledger Accounts Assets (Cash, Accounts Receivable, Land, Equipment) Liabilities (Loans Payable, Accounts Payable, Bonds Payable) Stockholders’ equ...
world news
Is money sent to family overseas tax deductible?
Unfortunately, the answer to your tax question is no. Sending money to family or friends overseas (even when or if they really need it) is not considered ...
world news
Can I file tax exempt on my paycheck?
One may claim exempt from 2020 federal tax withholding if they BOTH: had no federal income tax liability in 2019 and you expect to have no federal income ...
world news
Is there sales tax on replacement windows in Florida?
Charges for repairs of tangible personal property needing only labor or service are not taxable. The repair person must keep documentation to prove no tan...
world news
How much has the oil industry lost in 2020?
On Tuesday, Exxon reported that it lost $22.4 billion in 2020, compared with a profit of $14.3 billion in 2019. Much of the loss came from a $19.3 billion...
world news
Are student loans tax deductible in India?
The interest paid on the education loan can be claimed as deduction, as per Section 80E of the Income Tax Act of India, 1961. This amount has no upper lim...
world news
How do I maximize pre-tax deductions?
Save Toward Retirement The simplest way to reduce taxable income is to maximize retirement savings. Those whose company offers an employer-sponsored plan,...
world news
What does citizen resident mean?
Using ‘Citizen’ and ‘Resident’ Legally. Today, ‘citizen’ tends to specify a person who legally belongs to a country, and ‘resident’ is used, generally, fo...
world news
What is the minimum serving time for active duty in the Navy?
The Navy will offer a two-year active duty enlistment, but they couple it with a two or four-year active (drilling) Navy Reserve commitment. The minimum a...
world news
What are the roles and responsibilities of a church Treasurer?
Typical Church Treasurer duties include collecting and depositing tithings, bank account reconciliation, preparing receipts for donors, payroll (if applic...
world news
What is considered self-employment?
Self-Employed or Employee. You are considered self-employed if you carry on a trade or business (not just a hobby) or you are in business for yourself whe...
world news
Do you have to issue shares in an S Corp?
The company isn’t required to issue all the shares that are authorized to sell. An S corporation can be authorized to issue 50,000 shares, but the boards ...
