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President Biden’s transition team raised more than $20 million, including donations from renowned business moguls and staples of the Hollywood celebrity circuit like George Soros, Laurene Powell Jobs, and Robert De Niro.

The president’s team spent nearly $24.4 million through mid-February, according to data disclosed on Monday by the General Services Administration, but Biden also raised an astounding $22.

1 million from private donors.

Donald Trump, by contrast, raised $6.5 million and Barack Obama raised about $4 million.

Transitions are typically paid for by a combination of public and private funds. Acceptance of government support is conditional upon agreeing to disclose donations, which are capped at $5,000 per individual.

BIDEN ADMINISTRATION TRANSITION COST NEARLY $20M MORE THAN TRUMP'S

Here’s a look at some of the major names who donated to Biden’s transition efforts:

Left-wing billionaire George Soros ($5,000)

DreamWorks cofounder Jeffrey Katzenberg: ($5,000)

"Family Guy" creator Seth MacFarlane ($5,000)

Fmr. Virginia Gov. Terence McAuliffe ($5,000)

Film producer Abigail Disney ($5,000)

Billionaire heiress Laurene Powell Jobs ($5,000)

Actress Sharon Stone ($5,000)

Actress Patricia Arquette (5,000)

Actor Leonardo DiCaprio ($5,000)

Famous investor James Chanos ($5,000)

Actress Jennifer Aniston ($5,000)

Actor Robert De Niro ($5,000)

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As previously reported by FOX Business, because Trump contested the outcome of the 2020 election, Biden did not receive federal transition funds until the end of November. In the meantime, he continued to raise money from his supporters.

Biden’s transition has spent a sizable amount of money – almost $20 million more than the $4.7 million spent by Trump’s team over the comparable period in 2017.

News Source: FOX News

Tags: security innovation computers video games military tech careers security innovation computers video games military tech careers biden’s transition laurene powell jobs robert de niro donations george soros

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Annual declaration 2021, when should you file it with the SAT – Latest News, Breaking News, Top News Headlines

Both individuals and legal entities are required to submit their 2020 annual tax return to the Tax Administration Service (SAT). To do it, you need to have gathered the necessary information from last year’s exercise.

If in your case you will file it, we tell you when you should do it: legal entities must file their 2021 annual return (corresponding to fiscal year 2020) this month, the deadline is March 31.

On the other hand, natural persons have until April 30, 2021 as the limit to file the annual return. In this case, those who must present it are those who meet these requirements:

Freelancers for fees. Those who have received annual income greater than 400 thousand pesos. Those who received income from two employers, even if they are not greater than 400 thousand pesos. Those who have received income from liquidation, workers compensation, pension or retirement. Those who collect rent from a property. Those who have won a prize (such as the lottery). What is the annual declaration?

It consists of providing the information of your income, deductions, withholdings and provisional payments to the SAT. Before doing so, you must have the following documents:

Federal Taxpayers Registry (RFC) Password Current signature, in case of having a favorable balance greater than 150 thousand pesos. Standardized Banking Code (Clabe) for the deposit of the balance in favor, if any.

The SAT platform has preloaded information, but to avoid any errors, you must have the following information at hand:

The CFDI’s of income. Authorized deductions (for whom it applies) Personal deductions. Provisional ISR payments. Clabe, for the deposit of the balance in favor. Steps to follow to make your annual declaration

The first thing you should know is that this year 2021 the year 2020 will be presented, to do the online procedure it is necessary that you have your 13-digit RFC and your password. The steps you must follow are:

Enter the official portal of the SAT. At the top left select the option « Declarations ». Choose a natural or legal person. Immediately a menu will appear where you must put your RFC, password, e. Signature and send the data. You should see a spreadsheet, fill in the data requested by the SAT. When finished click on « Send ». You will receive an acknowledgment of receipt with the operation number and digital stamp.

You also have the option of refunding the balance in favor of value added tax (VAT) within a maximum period of 20 business days. Before sending your information with the amount to be paid, you can have a preview.

For more information on this and other topics, visit our Tips section.

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