Philip T. von Mehren
A tax-exempt entity, on the other hand, is an organization that has been granted exemption from federal income tax by the IRS. Though this includes most nonprofit organizations, not all nonprofits are automatically tax-exempt. In addition, a nonprofit must apply to become tax-exempt; without t...
When you land a job, your status as an employee is likely either exempt or non-exempt. It is important to know what it means to have an exempt job, because some of the rules you may have been used to as a non-exempt (hourly) employee. Specifically, you need to understand how the ...
An employee's job title does not define an exempt vs non-exempt position. Employees must qualify under the law to be considered exempt. As of 2011, an exempt employee must be paid a minimum of $455 per week. An employee qualifies for an executive exemption if he or she directly controls...
In the worst-case bankruptcy scenario, bondholders have first dibs on repayment from the proceeds of liquidation. Municipal bonds have one edge over corporate bonds: They are generally exempt from federal and state taxes, which enhances the investor's total return. ...
25(b) Exempt Biopesticides: What it means & how it can benefit youPosted December 23, 2021 by Kemin Crop Technologies Share What does being FIFRA 25 (b) exempt mean? The Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) is a federal law in the United States. It was created ...
What Does It Mean to Be Tax-Exempt? Definition, How Tax Exemptions Work Tax exemptions, exempt workers and tax-exempt status mean different things. They can also affect your tax bill.Many, or all, of the products featured on this page are from our advertising partners who compensate us when...
Principal and interest? Coupons? Par value? What does it all mean? The bond market, believe it or not, is pretty straightforward once you get through all the jargon. Learn all abouthow the bond market works. What are the benefits of investing in muni bonds?
Hello and thanks for visiting our blog. Because the majority of our blog readers are from the US and rules do vary by country and change frequently, we have chosen to focus on restrictions for Americans in this particular post. This does not mean other nationalities are excluded from entering...
any other reason, then you had no tax liability for that year. However, if you simply did not owe taxes on your tax return, this does not mean you had no tax liability. It means the taxes you were responsible for paying were already withheld, and you are still subject to tax ...