In the United States, individuals who are not citizens or permanent residents, known as non-resident aliens, are generally required to pay taxes on income earned within the US borders. The tax liability for non-resident aliens depends on their specific circumstances, such as the type of income earned, the duration of their stay, and whether they … Read more
Ministers are exempt from paying taxes due to a long-standing tradition known as the “parsonage allowance.” This allowance dates back to the early days of the United States when ministers were often paid in the form of housing and other benefits, rather than cash. The parsonage allowance is considered part of a minister’s compensation and … Read more
Taxiways, designated paths for aircraft movement on an airport, are marked with signs to guide pilots. The sign indicating the end of a taxiway is typically a large yellow sign with a black border and the word “END” in bold letters. This sign is placed at the physical end of the taxiway and serves as … Read more
Taxes in the United States can be levied by both the national government and individual states. National taxes, also known as federal taxes, are imposed by the federal government and apply to all citizens and businesses within the country. State taxes are imposed by individual states and vary depending on the state’s laws and regulations. … Read more
A corporation, typically treated as a separate legal entity for tax purposes, can be deemed a disregarded entity under certain conditions. This occurs when the corporation has only one owner, referred to as a disregarded entity owner. Consequently, the Internal Revenue Service (IRS) disregards the corporation’s separate entity status, and the owner reports the corporation’s … Read more
PPP (Paycheck Protection Program) loans are forgivable loans given by the government to eligible businesses and non-profits during the COVID-19 pandemic. The purpose of these loans was to assist businesses retain their employees and cover other expenses such as rent, utilities, and mortgage payments. The forgiveness of these loans is not considered taxable income because … Read more
Union fees are typically not fully tax-deductible. A portion of the fees that are used for political activities cannot be deducted. However, the portion of the fees that are used for collective bargaining, contract administration, grievance adjustment, and other non-political activities is tax-deductible as a miscellaneous itemized deduction on Schedule A. This deduction is subject … Read more
A gratuity, commonly known as a tip, is subject to taxation in many jurisdictions. When a customer provides a tip to a service provider, such as a waiter or hairdresser, the service provider must report the gratuity as income. The tip is then taxed at the regular income tax rate for the service provider. In … Read more
Parataxis is a writing style characterized by the use of short, simple sentences that are joined by coordinating conjunctions like “and,” “but,” or “or.” This technique can create a sense of immediacy and immediacy, and can be used to highlight the relationships between ideas. For example, instead of writing “The boy was happy because he … Read more
If you’re lucky enough to win big at the casino, don’t forget to claim your winnings on your taxes. Not doing so could have some serious consequences. The IRS requires you to report all gambling winnings, even if you don’t cash out. This includes winnings from slots, table games, poker, and even lottery tickets. If … Read more