Laugh Floor, the Swiss Family Robinson Tree House, the PeopleMover and Seven Dwarfs Mine Train (all at the Magic Kingdom), the Great Movie Ride (Hollywood Studios), the American Adventure (Epcot), all of Animal Kingdom and the two water parks. If you have done the work and have determined that you generated a loss in 2020, you now need to understand what that means for your tax filing. SDL, 1. Tweet us @BritandCo and let us know! New assets such as Star Wars: Galaxy’s Edge and Mickey and Minnie’s Runaway Railway have made the park more pleasant. Also, you want to file. Your email address will not be published. TRON SDL. We’d recommend the Hong Kong Disneyland Hotel, a “lavish Victorian palace nestled along the shores of the South China Sea.”. DCA, 7. If you want to forego the carryback, then you've only got until the due date of your 2020 tax return to make that election. You can also make a quarterly P&L which would be helpful to you if you pay quarterly taxes. If you want more time to make that decision, then please file an extension. Overall, as a Disney fan, I expect more. View current availability for theme park reservations. The World’s most attended theme park fails to surprise and create ‘magic’ like the other Disney parks do. Unfortunately, due to COVID, most are shuttered right now. O'Keeffe Financial Partners and any other entity listed herein is not affiliated with Kestra IS or Kestra AS Investor Disclosures: https://bit.ly/KF-Disclosures. To do all parks you have to use Disney Transportation. A polished newer attraction is Seven Dwarfs Mine Train, though even that has a clone elsewhere (Shanghai). Covid-19 project delays notwithstanding, this park will also add an impressive expansion with a lagoon-show, a Star Wars Land and a Frozen Land in the next few years. Next, we’re finding the small but charming Hong Kong Disneyland. The park is also the first with a Marvel Campus, including the new Iron Man Experience (think Star Tours, but through Hong Kong) and the Antman and the Wasp shooting dark ride. For DisneyBound meet-up info, head over to @disneyboundfrance! AK, 4. And ALL of DisneySea is unique, with its various lands that include the Mediterranean Harbor, Mysterious Island, Mermaid Lagoon, Arabian Coast, Lost River Delta, Port Discovery and the American Waterfront. Last night we shared a special moment as the Disneyland Resort prepares for a historic week welcoming back theme park guests. Tokyo Disneyland features near-duplicates of the Anaheim Space Mountain (original), Toon Town and Pirates of the Caribbean, as well as Florida’s Splash Mountain, Big Thunder Mountain Railroad, Haunted Mansion, and Jungle Cruise (just to name a few). In addition, some of the very best merchandise of any theme parks in the world can be found inside this Hong Kong Disney gate. Along with that, we’ve also been passholders for 8 out of the 12 parks! Therefore, for this year's filing, I implore you to engage with a tax professional before trying to do this on your own. Highlights include Soarin’ Around the World (flying theater), Incredicoaster (launched looping coaster), Grizzly River Run (river rapids ride), Radiator Springs Racers (stellar dark ride) and Guardians of the Galaxy: Mission Breakout! Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Very little, however, is unique or new. Number of parks: Two: Disneyland and Walt Disney Studios. Instagram - Facebook - Twitter, California Coaster Kings This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. However, the total amount of your loss may be limited in one year. The park’s beautiful location in the mountainous jungles of Hong Kong is quite a different environment, but for all other intents and purposes it feels a bit like Anaheim’s Disneyland. The studio theme has aged poorly, and Disney instead has gone a different direction. What to do that’s unique: They have a completely unusual Haunted Mansion called Mystic Manor, which is inhabited by the home of Lord Henry Mystic, an adventurer, and his adorable and mischievous monkey, Albert. MK, 2. Tokyo Disneyland is also particularly clean and tidy, and guests can expect stellar customer service. This park has had quite the transformation and is ever evolving. Walking around this massive park, especially if Walt Disney World is your first Disney resort, is overwhelming. If the statement reveals that your revenue is higher than your expenses, your business is profitable; if the reverse is true, you are running your business at a loss. New areas will include World Nature, World Celebration and World Discovery to complement the World Showcase. If your business is set up as an LLC, an S-corporation or partnership and you materially participate in the business, then you may deduct a business loss. What to do that’s unique: At Tokyo Disneyland, instead of New Orleans Square and Frontierland, they have the World Bazaar and Westernland. The ambassadors, food, and culture-divine gems found at each country’s pavilion make for a great day of snacking, drinking and exploring. Tokyo Disneyland was the first park to be built outside of the US, holding its grand opening in April of 1983. Price for one day: Approximately $160 for a Park Hopper pass (depending on dates), Welcome to Disneyland France! In addition, the park’s somewhat unconventional park layout really transports you someplace else. Sharon McMahon Teaches Us How To Use Our Voice For Good, 9 Healthy Ways to Cope If You’re an Anxious Traveler, Brian Kelly Teaches Brit Credit Card Tips & Travel Hacks, Get Off the Beaten Path With the 10 Most Quiet and Scenic Road Trips in the US, 9 Car Organization Essentials to Make You Road-Trip Ready, 18 Camping Essentials for People Who Struggle With the Outdoors, 10 Resolution Ideas to Kick Start a Healthy, Happy 2021, 18 Road Trip Snacks for Mini Vacay Munching, 10 Easy Margarita Recipes to Celebrate National Margarita Day, 24 Easy Tiny Finger Food Recipe Ideas You Can Serve on a Toothpick, 30 Low-Carb Dinner Recipes You Can Make in an Hour (or Less! You may be able to take all or part of your business loss for a year to offset other income, to reduce your overall taxes. – All three vastly entertaining, but simply insufficient for a Disney park. Located right next to the cozy-yet-crammed Disneyland, Disney California Adventure Park’s genius infrastructure allows for the resort to host food festivals, and plays well with sightlines. $155 for a one-day Park Hopper pass, Time for some Epcot magic! EPCOT combines a look at the future (somewhat) with culture. The park is also home to Mystic Manor, a trackless dark ride that continues the story of the Society of Explorers and Adventurers from Tokyo DisneySea’s Tower of Terror. Welcome to Selfmade Finance School, our new money series with Block Advisors to help small business owners with their tax, bookkeeping, and payroll needs year-round. Each business's P&L statement will be slightly different based on the type of business they do. The studio-themed gate is currently home to a few highlight attractions, including the re-imagined Twilight Zone Tower of Terror, a signature dark ride Ratatouille, and Crush’s Coaster. However, I can’t help but get frustrated at this park. According to gobankingrates.com, admission for just one single day at each of the Disney theme parks around the world would cost you $1,378. This is not to say that there aren’t highlights at the park – the additional space and grandness compared to the original Disneyland sure has its advantages when it comes to crowd control. HS, 6. Of all the castle parks found around the world, Florida’s versions of classic Disney staples (rides) are often the least polished, and quite frankly the whole lineup lacks originality. Get Your Ticket. –. This wasn’t always like this, as this gate opened with just Fantasyland (which didn’t receive a custom attraction until their unique rendition of it’s a small world in ’08), Tomorrowland with a simplified version of Anaheim’s Space Mountain (now Hyperspace Mountain), and a larger Adventureland with a custom Jungle Cruise. Finally, the CARES Act allows small business owners to use net operating losses to offset your personal income with no limit. Over the years these pavilions have gotten more ride centric, and E-ticket attractions such as Test Track, Soarin’, Spaceship Earth and Mission Space can be found there. Comments concerning the past performance are not intended to be forward looking and should not be viewed as an indication of future results. Walt Disney World is MASSIVE. It's a small world after all! Which Disney Park do you want to go to most? Good call on the Studios park at the Disneyland Paris Resort. Instagram - Facebook. 4. It opened for guests on April 15, 1983. The first of the Californian Disney parks has made it to #7. Whether it’s the nerve-wracking process of getting a Star Wars: Rise of the Resistance boarding group assigned, the park’s strange and annoying layout, or the lack of shade and concrete as far as the eye can see. Compared to the other grandiose parks, Hong Kong Disneyland is kinda small, but it’s only about 15- to 20-minutes from the airport, so it’s easy to make a visit. If it weren’t for Liberty Square, Peoplemover and Carousel of Progress, the park would be totally devoid of unique characteristics. The magic is ready and waiting for you at Walt Disney World Resort! Here’s what you need to know about each park and why you definitely should go to them all. Number of parks: Two: Disneyland and Disney California Adventure. Visiting Walt Disney World in 2021 vs 2022 - Which is Best? Unfortunately, getting from one park to the other takes a lot of time. Relatively light crowds on Main Street at Walt Disney World's Magic Kingdom. It’s actually the second most popular park (not just Disney — theme park, period) in the world (right after the Magic Kingdom in Walt Disney World). Once upon a time this park truly was dead last in the lineup of Disney theme parks, but recent additions place it above Magic Kingdom. One of the ways the park really stands out is with its cohesive, clean, detailed themed areas. Though some of the park’s areas are a bit inconsistent or have changed from being explicitly California themed, all areas of the park truly transport you to the American West Coast with their architecture, and it’s an overall cohesive product. Another Walt Disney World park on our list – this time we’re at the Experimental Prototype Community of Tomorrow. We’ve had the amazing opportunity to travel to all Disney parks in the world, twice! It comprises almost the same themed areas like Adventureland, Westernland, Critter Country, Fantasyland, Mickey’s Toontown, Tomorrowland, and … Subscribe to our newsletter.Plus, get access to the latest and greatest content from Brit + Co. (Please note that this article has been completely rewritten from our January 2019 edition). Must if took a long time and research to make this. This week, we're shedding light on P&L statements and how to assess business losses for tax purposes. The bottom line is that if you have generated a loss this year, it may help you at tax time. Disney World consists of four theme parks: Magic Kingdom, Epcot, Hollywood Studios and Animal Kingdom. 2. Once TRON: Lightcycle / Run opens, I really think the park will be a much more exciting place, and I can’t wait to discover the differences compared to the Shanghai original. If you have kids, our pick is the Toy Story Hotel. Indiana Jones DL This article is just a high-level introduction to the CARES Act loss provisions, so be sure to engage with a tax professional who understands the current tax relief program so that you can take full advantage of the tax benefits this year. If you need a few more selling points, the park’s attendance is very low, and thus there is almost never a long line for any of the rides. When this proud San Franciscan isn't writing, working on her fixer-upper or doing crafts, she is playing dress up with daughter and planning her next trip to Disneyland. From park to park we waited anywhere between 2 minutes to 25 minutes to get on. Guardians DCA Does this mean you don't have to file taxes? The CARES Act allows small businesses (not corporations) to file an amended tax return for 2018 and/or 2019 if your business losses were limited for those years. Fantasyland may be a bit more polished, but it too throws too many themes and architecture styles together. Star Wars: Galaxy’s Edge is an astonishing feat, however, and despite not having the largest roster of rides, Disney’s Hollywood Studios still places above Magic Kingdom. Disney even strictly adhered to the rules of feng shui throughout the park. I’ve been to 9 of the 12 Disney parks, and that was the only one I didn’t like — in fact, I hated it and it made me depressed. VelociCoaster Update – Universal’s Islands of Adventure – Late October 2020. It is suggested that you consult your financial professional, attorney, or tax advisor with regards to your individual situation. Where to stay:Disney Ambassador Hotel, Tokyo Disneyland Hotel and the Tokyo DisneySea Hotel Miracosta. DL. While there was some government relief, in many cases, it simply hasn't been enough to keep businesses in the black. It also allows businesses to carry back NOLs from 2018, 2019 and 2020 to the five previous years. This gate is a middle-tier Magic Kingdom with a fun mix of unique and classic Disney attractions, and the infrastructural and operational polish put it a cut above Magic Kingdom in Florida. Seven Dwarfs Mine Train was a great example of that. Sean, owner of Coaster Kings, is also a certified travel agent! Wherever you stay, make sure to grab a drink at Trader Sam’s Enchanted Tiki Room. HKD, 5. Price for one day: Approximately $58 for a park hopper (basically Disneyland Paris is a total DEAL), Mystic Manor, the best attraction in Hong Kong Disneyland. With a minimal lineup of attractions, rough-looking areas, insufficient theming, lots of torn up concrete, and the smallest footprint in the Disney lineup, Walt Disney Studios doesn’t have a lot going for it. While this park remains the least-attended park in the chain, the park’s low-capacity ride roster still presents the parkgoer with long wait times that, with a few exceptions, are not worth enduring. Make Your Park Reservation. Simply email at sean@magicalmousetravel.com or message on Instagram or Facebook! The newest of the Disney Parks opened in Shanghai, China in June 2016 to much anticipation. As a reminder Disney’s Typhoon Lagoon Water Park remains closed at this time. Pingback: SeaWorld Orlando Update - January 6th 2019 - Coaster Kings, Pingback: Universal Orlando Resort Update - January 11th 2018 - Coaster Kings, Pingback: TRON: Lightcycle Power Run Construction Update - January 18th, 2019 - Coaster Kings. A P&L statement details a business' revenue and expenses over a period of time (most likely the calendar year). Countless popcorn flavors, amazing merchandise, and dazzlingly dressed parkgoers are also a Tokyo staple. It was built by Walt Disney Imagineering, but it is currently owned by The Oriental Land Company. Though their lineup of rides is shaping up to be unique, the park is currently a big construction zone, and way too small. We’ve been reporting that Disney World Park Pass reservations have been going FAST. https://tappedouttravellers.com/disney-blog/visit-six-walt-disney-park (I mean, it’s Central Florida). Disney World requires all parkgoers and employees to wear two-layered face masks in its theme parks. They also have the Big Grizzly Mountain Runaway Mine Cars, which is kindof like the Mine Train ride at Walt Disney World. Its minimal lineup of rides simply can’t carry the operation. Park hopping has returned, with a few small twists. Go for five to seven days to get a full experience of the park. Disney has a habit of refilling these Park Passes as the dates in question grow closer, and now, we’ve seen some availability open up in May and June. But, of all the Big Thunder Mountain Railroads, Magic Kingdom’s is the roughest, the least detailed, and the most in need of a serious refurbishment. As a reminder, you’ll need one of these in addition to a valid theme park ticket in order to visit the parks! The gorgeous Grand Californian and Paradise Pier hotels are also on the grounds. https://www.disneyholidays.com/walt-disney-world/theme-parks Our faves include Disney’s Polynesian Village Resort (for the tiki action), Disney’s Wilderness Lodge (for its rustic charm), Disney’s Contemporary Resort (for its Mary Blair murals) and, last but not least, the Disney’s Animal Kingdom Lodge for the views of their savannah. This means, however, that a lot of Tokyo Disneyland is more copies of existing attractions. In that case, you may be able to take that loss in a previous year (called a loss carryback) or a future year (called a loss carryforward). Tokyo Disneyland is a theme park of the Tokyo Disney Resort, which was the first Disney park outside America. Speaking of a taste of the world, EPCOT’s World Showcase and its many pavilions are home to elaborate festivals, including the International Food & Wine Festival, the International Flower & Garden Festival, and Festival of the Arts. Stay here: To really experience the Disneyland of yore, stay at the swanky Disneyland Hotel. If you are looking for examples of P&L statements, I suggest looking online for examples by searching for your specific type of business. Disneyland is the OG Disney park — the place where it all began back on July 17, 1955, in what was once home to acres of orange groves. I am not trying to lose you early in this list, but for someone that’s very familiar with all twelve Disney theme parks, Magic Kingdom just isn’t it for me. Before visiting the park, you want to buy a Park Hopper ticket to visit all 4 parks and then utilize Disney's FastPass+ system. EPCOT is also home to non-country specific pavilions that focus on education and the future. Your list made me want to go to Shanghai Disneyland, and if HK Disneyland is improved and if China doesn’t make Hong Kong more Orwellian I might add that to my bucket list too. of the other Disneyland Paris park, and beautify it with better architecture (as was done at DCA), more fountains and more beautiful trees and other plants. In 2017/2018, we saw sweeping tax reform that impacted business losses. So, what if you had a year where you didn't make a profit? As the 3rd highest attended theme park on earth, Tokyo Disneyland is a highlight of Japanese pop culture and has beautifully maintained its feel and look as a classic Magic Kingdom park. They should just make it a giant land (the largest land outside of the Animal Kingdom park?) Sunny Chanel is a freelance writer as well as the founder of the whimsical site Wonder and Company. Tokyo Disneyland has two parks for guests to enjoy and both require a full day to see most of it. When Disneyland Paris first opened, it wasn’t an immediate success. These reforms limited the amount of losses you could take in a calendar year and removed the ability to carry back the losses. Large expansive areas and their highlight attractions are woven together seamlessly, something that’s nearly impossible at Disneyland. Music by Danny Elfman. Thank you! 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