To cook a prime rib roast, rub the roast with a mixture of spices and herbs, then roast in the oven until the meat reaches an internal temperature of at least 135 degrees Fahrenheit. This results in a medium rare roast that is red in the center.
Is Interest on Credit Cards Tax Deductible? The IRS allows you to deduct certain expenses from your total income to arrive at taxable income, which is the portion of your earnings that is subject to tax. Some of these expenses include your payments of interest on a mortgage and for business loans.
The interest, which is not tax deductible, is compounded daily and charged at the CRA prescribed rate plus an additional four per cent (for July to September 2005, the rate is: 3% + 4% = 7%). The penalties for late-filed returns are also subject to arrears interest from the return due date onwards. The technical interpretation In a recent technical interpretation released earlier this year (2005-0119721E5), the CRA was asked to comment, in light of the new legislation, whether various penalties, fines and interest imposed by various taxing statutes are deductible.