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In a community property state, all property acquired during a marriage is considered jointly owned and divided equally. For couples in these states, getting a prenup may be essential.
States might also designate an organization as tax-exempt. For instance, California has a separate application to designate an organization as exempt from income and franchise taxes. States can also designate an organization, such as schools, as being exempt from paying sales tax on purchases.3 ...
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How Much Can You Save During a Tax Holiday? That depends largely on the customary sales taxes in the state or locality where you're shopping. A few states, such as Delaware and Oregon, have no state sales tax at all. Others, including California and Rhode Island, charge 7% or more. Wh...
What Does it Mean to Have a Tax ID Number? What Are the Differences Between a Federal and a State Tax ID Number? Do you need a Tax ID? Not every new business needs a Tax ID number. For example, a single business owner can choose to conduct business or provide services as an ind...
When Is a Commissioned Salesperson Exempt from Overtime in California?JonesDay
Tax-wise, Treasury bonds are fairly straightforward. Any interest earned on a Treasury bond investment istax-exempt at the state and local levels, but that interest is taxed by the federal government. If you hold your Treasury bond with the U.S. government, the amount of interest you earned...
For example, California previously had a state law requiring not-for-profit organizations to disclose their donors when funds were raised for political purposes. However, in 2021, the Supreme Court struck down that law, ruling that the requirement of donor lists from nonprofits violated the donors...