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What states forgive a 1099-C?
None. A 1099-C indicates a debt has been cancelled. The amount shown in box #2 is the amount that should be reported as income on the person's federal tax return. The amount shown in box #3 is the interest amount (if any) that may or may not be tax deductible.
How do you spell deduct?
The correct spelling of the noun or adjective is deductible.
Why Founders shares are a type of classified stock where the shares are owned by the firms founders and they generally have more votes per share than the other classes of common stock?
They wanted a gold toilet
What is Accounting definition of equity?
Equity = Assets -Liabilities Equity is also referred to as the first loss when earnings are depleted. Equity = Common Stock (at Par) + Paid in capital + Pref. Stock + R/E (NI)
How do you add tax to every dollar?
$1.00+tax= $1.07 $2.00+tax=$2.14 $3.00+tax=$3.21 $4.00+tax=$4.28 $5.00+tax=$5.35 $6.00+tax=$6.42 $7.00+tax=$7.49 $8.00+tax=$8.56 $9.00+tax=$9.63 $10.00+tax=$10.70 And so fourth.. Keep adding the 7 cents
