Israel Concise Tax Guide - 2011 Residence of a company:A corporation is considered an Israeli resident for tax purposes in one of these conditions:The corporation was incorporated under Israeli law; orThe corporation is managed and controlled from Israel. Standard company tax rate:The standard Israeli corporate tax rate is 24%. This rate applies to the undistributed profits of the company. Investment Incentives:In some cases, a...more
Disability Tax Benefit for Obsessive Compulsive Disorder Obsessive compulsive disorder or OCD is a psychological problem caused by anxiety. This mental disorder is mainly characterized by certain irrational beliefs and fears that make you do repetitive actions. Few of the common obsessions seen in people with OCD are fear of germs, fear of dirt, fear of hurting someone or killing a close relative, fear of hurting one's own child,...more
Disability Tax Benefits for Scoliosis Syndrome Scoliosis is a condition of spine or backbone that causes S-or-C- shaped sideways curve of spine. This medical condition mostly occurs during the fast growing period of child, in late childhood or early teenage year. Scoliosis is mainly classified into two categories, nonstructural scoliosis and structural scoliosis. Non-structural scoliosis, also known as functional scoliosis occurs when the structurally normal spine develops a lateral curvature due to some underlying causes. This type of scoliosis is a temporary condition and can be caused by several factors, such as muscle spasms, inflammation, prolapsed vertebral disk, or differences in leg lengths. Structural scoliosis is a permanent spinal curvature and can be happened as a result of a number of factors. There are mainly three types of structural scoliosis, idiopathic scoliosis, congenital scoliosis, and paralytic scoliosis. Scoliosis caused by unknown factors is known as idiopathic scoliosis and this is the most common type of scoliosis. Congenital scoliosis is the curving of the spine that is occurred by the abnormal development of vertebra. Paralytic scoliosis...more
The Tennessee Titans will visit Washington on November 21st and then Minnesota will visit the nation's capital on November 28th as another big NFC favorite in Super Bowl odds at online sportsbooks. Washington will have their first NFC East match-up with the Giants at New York on December 5th. A weak Tampa Bay Buccaneers team will visit on December...more
I wonder how I used to sell a timeshare or vacation rental condo effects consumers both with respect to taxes on income and the federal state. The advice is always the first to offer a simple but vital. Discuss your plans with your CPA or tax is intended to ensure that you have the most accurate information and advice specific to your situation.In...more
On Wednesday, the IRS released Revenue Procedure 2009-47, which is its annual update to the substantiation rules for business travel expenses when an employer provides a per diem reimbursement allowance. It sets the per diem rate for travel to high-cost localities and for travel to other localities in the continental United States.The revenue procedure covers situations in which an employee incurs lodging, meal and incidental expenses or just meal and incidental expenses (M&IE) while traveling away from home on business. It does not cover situations in which an employer provides an allowance to pay for the employees lodging expenses but not meal and incidental expenses.The revenue procedure sets the general federal M&IE rate at $59 for the continental U.S. (CONUS) and at $65 for locations outside the continental U.S. (OCONUS).For taxpayers using the high-low substantiation method, which includes lodging, the per diem rate is $258 for travel to any high cost locality (as defined in the revenue procedure) or $163 for travel to any other locality within CONUS.The new high-cost localities (at least for certain dates) this year are Monterey, Calif.; Denver/Aurora, Colo.; Bar Harbor,...more
The Cowboys will host the Detroit Lions on November 21st and then host the Super Bowl champion New Orleans Saints on Thanksgiving Day in another huge sportsbook match-up. Dallas will continue the toughest portion of their 2010 NFL schedule with a...more
Need Help Settling Overdue Taxes? No one ever said being a grownup was easy. Sure, there are some perks. But above all else, adults are expected to be responsible. They have to go to work, raise their kids, and pay their taxes. That's...more
Panama as an Offshore Company Tax Haven There is no tax on income earned outside Panama. This rule applies to both personal and corporate income. Panama is also known for its strong maritime business and good privacy laws. Political...more
One of the few advantages of paying alimony is that the money is tax deductable. That may not take the all the sting out of New York state spousal support but it eases the pain a little. Unfortunately that pain can come back redoubled when the payer...more
Even if someone is self employed, there are just so many tax implications which he will need to consider so that he stays on the correct side of the law. To be safe, it is more convenient to get a tax accountant to do all the calculations and...more
Author: Richard A. ChapoAs we celebrate leaving 2009 behind, we necessarily turn towards 2010 and start considering what the future holds. For instance, what does the year hold on the tax front? 2009 was a unique year when it came to personal finance...more