Did the Stimulus Bill Change How Unemployment Is Taxed? Yes. The American Rescue Plan Act of 2021 changed the tax code so that the first $10,200 of unemployment benefits you received in 2020 is free of federal taxes. That means that only the money you received over $10,200 counts towardRead More →
California state law does not mirror the federal law when it comes to taxing non-U.S. citizens; the state of California does not recognize the federal level tax treaty. California income is taxable and subject to withholding for state purposes, irrespective of a federal exemption. California does not distinguish among …Read More →
Non-stock and non-profit educational institutions are expressly exempt from tax under Section 30(H) of the Tax Code; thus, they cannot be the subject matter of Section 27(B) of the Tax Code which covers the taxation of domestic corporations in general. Are schools tax exempt in Florida? Schools, Colleges, and UniversitiesRead More →
Song Joong-Ki began his mandatory military enlistment on August 27, 2013. Is Park Bo gum in military? On August 31, 2020, the actor is enlisted in the navy military band as a cultural promotion soldier as part of his obligatory military service. Park Bo-gum is always staying at the topRead More →
Agriculturist has been defined to mean an individual or an HUF (Hindu Undivided Family) who undertakes cultivation of land– by own labour or by the labour of family or by servants or wages payable in cash or kind or by hired labour under personal supervision or the personal supervision ofRead More →
FIRPTA is a tax law that imposes U.S. income tax on foreign persons selling U.S. real estate. Under FIRPTA, if you buy U.S. real estate from a foreign person, you may be required to withhold 10% of the amount realized from the sale. The amount realized is normally the purchaseRead More →
On 1 June 2021 Birmingham launched its Clean Air Zone. It will operate 24 hours a day, 365 days a year. The charges will be applied daily, effective from 14 June 2021. A non-compliant vehicle driving in the Zone will pay once for the day, then may drive in theRead More →
Whether the corporation is a C or S Corp, both the individual and corporate tax returns will be vital in a divorce proceeding. … So, even if a spouse does not have an interest in the corporation, it will still impact divorce proceedings. Does an S Corp protect personal property?Read More →
The IRS is much more forgiving with people who can’t pay as opposed to non-filers who don’t pay. So late filing penalties are much higher than late payment penalties. The IRS will not put you in jail for not being able to pay your taxes if you file your return.Read More →
A mentally disabled person, such as a group home resident, can vote unless a probate court has specifically declared him incapable of exercising the right to vote. … That provision is duplicated in state law which adds a penalty for any assistant who tries to influence or miscast a ballotRead More →