Disregarded Entities and Federal Taxes When your SMLLC is a disregarded entity, it’s treated like any other sole proprietorship for federal tax purposes. This means that you’ll file IRS Schedule C, along with your personal tax return, in order to report all of your LLC’s income and expenses. Are disregardedRead More →
Generally, the answer to “do I have to pay taxes on a gift?” is this: the person receiving a gift typically does not have to pay gift tax. The giver, however, will generally file a gift tax return when the gift exceeds the annual gift tax exclusion amount, which isRead More →
What is it? A non-conformance report, non-conformity report or NCR, is a design and construction-related document that addresses issues where there has been a deviation from the project specification or where work fails to meet agreed quality standards. Why is non-conformance important? The main importance of non-conformance management lies inRead More →
Security clearances are not guaranteed to last forever. If someone with Confidential, Secret or Top Secret clearance is careless and they violate their clearance, not only will the error be reported immediately, but their security clearance can be revoked. What should I report to FSO? Report the information to yourRead More →
First, restate the overall purpose of the study. Then explain the main finding as related to the overall purpose of the study. Next, summarize other interesting findings from the results section. Explain how the statistical findings relate to that purpose of the study. Can I write discussion and conclusion together?Read More →
A qualified audit report gives a subjective clearance to the financial statements representing a true and fair view. This is subject to the matters on which a qualified opinion is expressed. An unqualified audit report opines that the financial statements represent a true and fair view without any limitations. WhatRead More →
Consequences of Default The entire unpaid balance of your loan and any interest you owe becomes immediately due (this is called “acceleration”). You can no longer receive deferment or forbearance, and you lose eligibility for other benefits, such as the ability to choose a repayment plan. Do defaulted student loansRead More →
Staying in the U.S. on an expired visa is a serious offense, and you should report the person to the appropriate authorities. … To report an expired visa, you should either call U.S. Immigration and Customs Enforcement (ICE) or submit an online tip form to the same office. What happensRead More →
What is the Role of a COO? The chief operating officer (COO) is the second-highest C-suite executive rank after the CEO. The primary responsibility of the COO is to oversee business operations, which may include marketing and sales, human resources, research and development, production, and other functions. Who typically reportsRead More →
Inspect the badge and ID card. Look at the photo and make sure it matches the agent standing in front of you. Be sure the badge says Federal Bureau of Investigation at the top. Fake badges will often abbreviate to FBI. Make sure the badge is completely gold and hasRead More →