4
votes
Deliquent town taxes
You can deduct state and local real estate taxes (but not penalties or interest) in the year they were paid if they meet certain criteria:
Must be levied annually (even if paid more frequently)
Must ...
- 142k
2
votes
Accepted
What are the tax effects of setting up a SMLLC in the US for a non-resident?
LLC in the US is by default a "disregarded entity". It has no meaning for taxes, and makes no difference on your Federal tax return. Its existence is irrelevant for taxes.
This changes if ...
- 184k
2
votes
Do "crossed checks" work in the United States?
In the UK, for most people, cheques are pre-printed with an A/C Payee crossing so can only be paid into an account bearing the name stated and are non-endorsable. It would take effort to get a cheque ...
- 31
1
vote
Can a loss be used to offset taxes on profits that are much larger? A question about a passage in "The Intelligent Investor"
There's nothing magical going on here. He's talking about a $264 million tax write-off, in the context of per-share earnings: $35 per share, more than twice the current market price. That's remarkable,...
- 5,522
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