Pelvic exenteration is a major surgical procedure that removes most or all pelvic organs and is reserved for severe, recurring cancers. The procedure is performed in about three hours under general anesthesia, and recovery involves monitoring, dressing, and cleaning surgical scars and stomas. Patients can go home about two weeks after surgery, but the procedure […]
Federal tax relief is offered to citizens who are unable to pay their federal or state taxes due to valid reasons such as job loss or divorce. There are four main types of relief, including an Offer in Compromise contract and Non-Collectable Status. To receive relief, an appeal must be filed with the IRS or […]
Small and medium-sized private companies with limited revenue and limited liability partnerships (LLPs) in the UK and other EU countries can claim exemption from the government’s annual audit of accounts if they meet certain criteria. In the US, only publicly traded companies and private company benefit plans must be audited annually. The cost of audits […]
The Tax Exemption Act of 1997 made over 800 amendments to the US Internal Revenue Code, creating educational credits and deductions, reducing taxes on small businesses, and increasing eligibility for retirement accounts. It also included measures to help citizens and small businesses, such as property tax reductions and increased deductions for health insurance premiums. The […]
Property taxes are levied on an individual or business’s property and fall into two categories: estate and personal property taxes. Property tax exemptions can lessen or eliminate the burden of property taxes, with relief often offered to elderly or disabled people. Some states offer property tax relief in the form of a property tax/rental credit […]
A personal trainer waiver is a form that clients must sign before beginning training to protect the trainer from liability in case of injury. It is required by insurance companies and includes sections informing clients of the risks and releasing the trainer from liability. A personal trainer waiver is a form that a personal trainer […]
A health insurance waiver exempts individuals or companies from mandatory health insurance coverage for a specified period. It is often necessary to present a form and supporting documents. Reasons for waivers include overlapping insurance plans, cost-prohibitive insurance, and financial hardship for low-wage or part-time employees. Colleges and universities may require students to obtain health insurance […]
Non-US citizens with a criminal record must disclose it to immigration authorities to enter the US. A criminal record search is part of the visa application process. Citizens of visa waiver countries and Canada must submit an Entry Waiver form, disclosing all arrests and convictions. The waiver is valid for one trip only and must […]
Religious exemptions allow individuals to avoid certain taxes or laws due to their beliefs. In the US, exemptions include not paying Social Security or buying state health insurance. Exemptions may also apply to medical treatment, grooming standards, and compulsory school attendance. Religious minorities may conflict with legal obligations and each country has its own standards […]
Homestead exemptions protect homeowners from forced sale of their home, debt collectors, property taxes, and foreclosure. Family property exemptions apply to primary residences and vary by state. Filing for bankruptcy may require a repayment plan. State laws for farm exemptions determine eligibility. Property exemptions may be adopted by default in some states, but homeowners may […]
Vaccine exemption is a legal form for religious, philosophical, or medical reasons. It allows people who can’t get vaccines to participate in schools and workplaces. The waiver is kept on file and can be obtained from schools, doctors, or online. Confidentiality is maintained unless there is a public health concern. Vaccine exemption is a legal […]
Certain groups, such as non-resident aliens, university employees, and medical students in residency, may receive a Social Security exemption from the IRS, allowing them to keep the amount deducted from their pay. The Amish also have an exemption due to their religious beliefs. Social Security funds programs like Medicare and Medicaid for the elderly and […]
A capital gain exemption is a tax exclusion for gains obtained through the sale of capital assets. Tax authorities determine when exemptions apply, and failure to properly report capital gains can result in penalties. Timing of asset sales can be discussed with a tax advisor. A capital gain exemption is an exclusion from the rules […]
Tax breaks reduce or eliminate taxes for individuals and organizations. To be tax-exempt, organizations must meet criteria defined by the US Internal Revenue Code. Non-profit organizations, including schools and churches, are generally tax-exempt at the federal level. Tax exemptions are granted to promote economic activity or reduce taxes for a particular segment of society. Various […]
US taxpayers must pay income tax through withholding or estimated tax. Employers withhold a percentage of paychecks based on exemptions claimed on Form W-4. Taxpayers can claim exemptions for themselves, spouses, and dependents, which reduce taxable income. Withholding exemptions are not the same as deductions, which are subtracted from taxable income. At the end of […]
A mortgage exemption is a tax break for homeowners, where the exemption amount is deducted from the total income reported on a tax return, reducing the total amount of tax owed. Qualification depends on criteria established by the tax agency and varies by jurisdiction. Homeowners must apply in advance and meet application deadlines to receive […]
Farm exemptions allow certain laws that apply to other businesses to not apply to food production efforts, often related to taxes and encouraging agricultural development. Exemptions include property tax, gasoline purchases, sales tax on products, and labor regulations. Building permits and local ordinances also do not apply to farms and ranches. Farm exemptions essentially mean […]
Estate taxes can be as high as 46% and are collected on property left to surviving family members. An estate tax exclusion can reduce or eliminate these taxes, and there are tools to minimize them, such as the gift tax credit and charitable donations. Estate taxes are collected on property left to surviving family members […]
