They must have good communication manners and be polite
Answer: d. Taxpayers may claim the carryback using Form 1045 at any time within three years of the due date of the return for the NOL year.
Explanation:
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, was signed into law in the wake of the effects of the Coronavirus pandemic that swept the nation in 2020.
Under this Act, all NOLs may be carried back five years and taxpayrs were allowed to waive their carryback period by attaching a statement to their 2020 return.
The Act however, did not allow for taxpayers to claim their carryback using Form 1045 at any time within three years of the due date of the return for the NOL year as this Act was only passed to cushion the effects of the pandemic in 2020.
Answer:
The interest expense is $53887.8
Explanation:
Given the annual payment made by Blossom in the beginning of the year is $17000.
The interest expense have to determined:
The present value of lease payment = $708878
The payment made on the beginning of year = $170000
Outstanding principal amount as on 31 december 2021, 708878 – 170000 = $538878
Given effective interest rate is 10%
Now calculate the interest expense.
Answer:
Egor.
Explanation:
According to the Landlord-Tenant Law, the right to possess the land is owned by Egor in the given situation.
In the given scenario, Egor has a land, which he has given to Fig as an easement. An easement can be defined as a nonpossessory right to the holder of the property to earn interest on the land, originally owned by someone else. Gabe is earning profit on it and Huck has a license. Regardless of this, Egor still owns the property and has right to possess the land.
Therefore, Egor is the correct answer.
