It has two meanings, depending on context.
It can mean 2.5 kilometers (a kilometer is 1000 meters),
or it can mean 2,500 dollars.
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Yes, depending on how much they paid in taxes. IE Obama is getting back about 25K this year...he and his wife maid about 800K. They paid a great portion in taxes and therefore they are owed money back.
You can expense, rather than capitalize, 25K a year of costs.The costs of being in business are generally a Sch C expense against the income you may produce.Helps avoids the income / loss stream being catagorized as passive.
You can fill out IRS Form 919 or use a calculator on the irs.gov site. However, that much income may mess with your SS disability. You may want to check out what effect the winnings will have, if any, with the Social Security office.
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