How To Understand Structured Settlement

Structured settlement is an agreement on settlement payments between a plaintiff and the defendant when the former agrees to file for the dismissal of the case in consideration for a sum of money to be paid by the latter. In most cases, it is the defendant who makes the initiatial offer of a structured settlement […]

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How Do You Change from a LLC to S Corporation

An LLC or a limited liability company is one of the recognized forms or entities for conducting business in the United States of America. Such companies contain features of a corporation and also of a partnership as defined under the laws. (No Ratings Yet)

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Tax Rules Applicable to a Lawsuit Settlement

Is there a tax for money received for lawsuit settlement? This is a big question that needs a clear answer. Taxpayers receive deductions, savings plans, and tax credits to assist with necessary expenses, like higher education. Deductions reduce the tax that you have to pay by reducing your total taxable income. A savings plan is […]

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How To Understand 401k Contribution Limits

Just like sand in an hour glass that was flipped over on us at birth, our working days are dwindling.  For some of us, let’s say the over-50 set, the sand is a little less at the top of the hour glass.  The American dream to retire at a young age has slowly been pushed […]

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How To Use a Small Farm for Tax Write Offs

Tax write offs are the expenses you make within a year, which will be deducted from your net tax. You can benefit from these as a small farm owner because all the expenses made for the operation of the farm are counted as tax write offs, and that means you do not have to deduct […]

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How To Get a Non-Profit Tax ID Number

Non-profit organizations are organizations that operate not for the purpose of gaining income but rather for the pursuance of its goals, survival and expansion. In this type of organization, any surplus that is gained out of operations is not distributed to owners/shareholders. Any amount considered to be surplus is used to pursue its goals. The […]

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Starting a Non-Profit Organization: 501c3 Organizations

Get Tips for Forming Non-Profit Organizations Non-profit organizations form an essential part of the endeavours in development and welfare of human society.  They are a legally recognized mechanism that work towards ensuring justice and equality in a society that is sometimes dominated by opportunists and the material-minded business and political class.  (No Ratings Yet)

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How To Start Up a Charity Foundation

Success and fortune can blind us to what is truly important in life. In our determined quest to climb the corporate ladder and make ourselves the best at our job or in our company, we tend to lose sight of the little things that is more important than material success and monetary reward. Nothing brings […]

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