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Printable Form 5305-SIMPLE Nassau New York: What You Should Know

Excerpts: A. The proposed substitute would provide that the term “taxable business” or “taxable trade or business” is used to refer to that activity to which H-4 relates, unless the activity is exempt, in which case the term “taxable trade or business” means that activity. B. The proposed substitute would provide that a “trust” is a person that acquires, holds, manages, and administers a trust property that it is not authorized to transfer to another person. C. The proposed substitute would provide that a trustee has the exclusive right to manage the trust property for the beneficiaries of the trust. D. The proposed substitute would provide that a property used in the practice of the profession of real estate brokerage is an “agent” as defined in Section 3(2) of the Real Estate Settlement Procedures Act or in any other law of any State, and accordingly, any trust established with respect to real estate is a qualified trust. E. The proposed substitute would provide that a person who is an “agent” for another person or for a qualified trust under this act is also an agent by virtue of the fact that he or she receives compensation and an office, employment, or office-related service from the other person or the qualified trust.  EXPLANATION OF REFERENCES. 1] 2. ENTERPRISE DATA CENTERS.  Excerpts: A. The proposed substitute would provide that the term “taxable business” or “taxable trade or business” is used to refer to that activity to which H-4 relates, unless the activity is exempt, in which case the term “taxable trade or business” means that activity. B. The proposed substitute would provide that a “trust” is a person that acquires, holds, manages, and administers a trust property that it is not authorized to transfer to another person. C. The proposed substitute would provide that a trustee has the exclusive right to manage the trust property for the beneficiaries of the trust. D. The proposed substitute would provide that a property used in the practice of the profession of real estate brokerage is an “agent” as defined in Section 3(2) of the Real Estate Settlement Procedures Act or in any other law of any State, and accordingly, any trust established with respect to real estate is a qualified trust. E.

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