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Do I have to file a Delaware corporate tax return?
Every domestic or foreign corporation doing business in Delaware, not specifically exempt under Section 1902(b), Title 30, Delaware Code, is required to f...
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Is alimony taxable in NY 2020?
For recently divorced Americans, alimony payments are no longer tax-deductible for the payer, and they aren’t considered taxable income for the person rec...
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Can you legally have a Limited Liability Partnership?
Like a company, an LLP is a body corporate and therefore a separate legal entity and an LLP member’s liability is limited. However, like a partnership the...
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How do I contact the IRS about a business question?
You can contact us by phone if you need help with a tax account issue (we’ll need your name and social security number to resolve any issues). You can use...
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What is a company rollover?
Corporate Transactions A rollover is a tax-deferred transfer of property. In the corporate context, a rollover involves the transfer of one asset (for exa...
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What is a line of credit maturity date?
Maturity date. The maturity date is the point in time when both the principal and the interest on a loan or mortgage are due in full. At that time, you ca...
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What percentage of small businesses have less than 100 employees?
98.2 percent Small business stats show that most businesses in America have fewer than 500 employees. Those businesses with fewer than 100 employees accou...
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Can you invest in real estate while working a full-time job?
It’ll take some work in the beginning, but investing in real estate while you have a full-time job will pay off once the revenue starts flowing in. Hiring...
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Are S corps taxed at 21%?
As of 2020, small business tax rates for C corporations is 21% but S corporations and sole proprietors are not taxed at the corporate level and are subjec...
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Will the IRS fix my return if I made a mistake?
If the due date for filing your tax return has passed, you can submit an amended tax return to correct most mistakes. If you realize you made a mistake bu...
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