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In a case where the bond paystax-exemptinterest, the bond investor must amortize the bond premium. Although this amortized amount is not deductible in determining taxable income, the taxpayer must reduce their basis in the bond by the amortization for the year.1The IRS requires that theconstant...
(1) I am talking about the situation for, say, a taxpayer in a 40% Federal Income Tax bracket who also has some State Income Tax to pay. Various changes are being proposed in the tax laws, which may adversely affect net results from presently tax-exempt income, capital gains, and perha...
VAT is exempt on exports turning countries that have them into one big trade zone, everyone learns to export. Why? Because when we run a trade deficit, as JFK well understood, we might as well stand on the beaches of America and throw dollars out to sea. We ...
Amendment 1. A fake tax-exempt church, as does a fake church incorporated under state law, submits herself to an authority other than to the Lord Jesus Christ. She agrees to abide by the rules and regulations that come with tax exempt status. See,The Rules and Regulations that Come with...
200, which refers to "absence of due process in the legal system of the host or respondent State" and stat;:s that "not all forms of denial ofjustice may have the result of exempting the alien or claimant from exhausting remedies"). 42. The question, therefore, is whether, and ifso...
The article discusses earned income tax credit payments in consumer bankruptcy in the U.S. The quarrel on the Oprah Winfrey TV show was perhaps the symbolic event that marked the beginning of a new day in the history of public assistance in the United States. The dawn actually occurred in ...
created by statute, the Articles of Incorporation or By-Laws of Parent or any agreement to which the Parent is a party or is bound and (ii) will, when issued, be registered under the Securities Act and the Exchange Act and registered or exempt from registration under applicable Blue Sky ...