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Can an LLC own a percentage of another LLC?
As for the legality of ownership, an LLC is allowed to be an owner of another LLC. LLC members can therefore be individuals or business entities such as c...
Category: General
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What equipment is tax exempt?
Machinery and equipment used directly and predominantly in the production of tangible personal property for sale can be purchased exempt from sales tax us...
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How do I notify the IRS of an LLC change?
Use Form 8822-B to notify the Internal Revenue Service if you changed your business mailing address, your business location, or the identity of your respo...
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What is a 408 retirement plan?
A 408(k) account, commonly referred to as a Simplified Employee Pension (SEP) plan, is an employer-sponsored, retirement savings plan. The 408(k) plan is ...
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Is the 529 plan based on financial need?
529 plan distributions are another area where the impact on financial aid will depend on the account owner. With a parent- or student-owned plan, 529 with...
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Is it okay for married couples to stay in the same room at a nursing home?
“The resident has the right to share a room with his or her spouse when married residents live in the same facility and both spouses consent to the arrang...
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What is a modification process?
Process Modification means a change related to the Exploitation of a Licensed Immunotherapeutic that is intended to enhance JBI’s ability to effectively E...
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What are user fees in taxes?
A user fee is a fee, tax, or impost payment paid to a facility owner or operator by a facility user as a necessary condition for using the facility. The a...
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Does 1099 get holiday pay?
Independent contractors do not get paid time off or earn vacation days as employees do. Some loss of income is expected unless contractors take on some ex...
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Do I have to pay PA taxes if I live in NJ?
NJ Taxation Compensation paid to Pennsylvania residents employed in New Jersey is not subject to New Jersey Income Tax under the terms of the Reciprocal P...
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Can you open an IRA at age 75?
There is no age restriction for opening a new, traditional IRA as long as you fund it via a rollover or transfer from an eligible retirement account. You ...
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Who do I call about amended tax return?
866-464-2050 Answer: You can check the status of your Form 1040-X, Amended U.S. Individual Income Tax Return using the Where’s My Amended Return? online t...
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What happens when asset decrease?
Decreases in current assets occur all the time. The cash balance in a company rises and falls based on inflows and outflows of operational cash and financ...
