What is Acquisition Indebtedness? So, lets start at the beginning. Mortgage interest is tax deductible. The first type of mortgage interest defined under the tax code is called âacquisition indebtednessâ. As you might expect, this includes the cost of borrowing to acquire your home, but also includes debt incurred to build or substantially improve a residence, as long as the debt is secured by the same residence.
Although Limited Partnerships, Limited Liability Companies and General Partnerships formed in the State of Delaware do not file an Annual Report, they are required to pay an annual tax of $250.00 ($300.00 to be made effective July 1, 2014, beginning tax year 2014) .
The Delaware Annual Report. Like many states, Delaware requires that every corporation incorporated in the state file an annual report. The report is due by March 1 every year, along with an annual Franchise Tax payment for all corporations. The Delaware annual report must include the following basic internal details about the corporation: 1  The physical address of the company's location. 2  The name and address of one officer. 3  The names and addresses of all Directors. 4  Authorization by an officer to file the report.