Federal Tax Current Event The current Republican leadership race has seen Herman Cain as a front-runner for leadership of the Republican Party and thus, a potential presidential candidate for the 2012 election. One of the main components of his camp Continue Reading...
same-sex marriage refers to a legal married union between two persons of the same sex. In other word, same sex partner is a man legally married to another man or a woman legally married to another woman. Since same sex marriage is a new development Continue Reading...
Ned and Marge's Taxes Ned and Marge Childcare Transactions and Taxation Ned, Marge Thank you for your concern for accurately reporting taxes for this previous tax year. In the following response, your specific cases have been considered. As Ned h Continue Reading...
Employee Compensation Deduction Tax Research Memorandum Mr. Jones, President From: Tax Accountant, CPA Tax Treatment of Employee Compensation in Business Deductions Facts Mr. Jones is the President of a corporation owned by him and members of h Continue Reading...
Itemized Deductions The Federal Tax system that is managed by the Internal Revenue Service (IRS) contains many complicated rules and regulations that presents many problems and issue for taxpayers wishing to abide by these laws. Itemized deductions Continue Reading...
Accounting Court Case Brief-Federal Tax Class United States vs. St. Pierre, 599 F. FACTS The Staab Agency acts as an agent for out-of-state trucking companies looking to register trailers in Maine. Shirley St. Pierre, the appellant in this case, Continue Reading...
Federal Government Tax The main source of government income is taxes. The government taxes various organizations in the economy differently to ensure that adequate revenue is collected. Corporate use loopholes in the tax system to reduce the tax pai Continue Reading...
Tax Liability Opening: This memo concerns the income tax questions for John and Jane Smith, a married couple. John is a lawyer and has questions regarding income to his firm, investment in office space, and overall preparation techniques. Jan has qu Continue Reading...
Federal Taxation One of the important procedures involved in Federal taxation is the apprehension of those persons and firms and trusts and others who evade tax payment and thereby break the law. This means that these entities may either conceal fac Continue Reading...
Where the charities were directly or indirectly involved in, through their officers in other ventures, the tax debts of such entities were estimated to be $15 million in additional tax debts, mostly payroll taxes. (United States Government Accountab Continue Reading...
Tax systems are an important and integral part of any economy around the world. Taxes are imposed by the governments on various activities and it eventually becomes an important source of revenue generation for the governments. Governments use tax re Continue Reading...
Sugary sodas contain corn syrup, but the American Agricultural Department subsidizes American farmers for growing corn, and this is one of the reasons that high-fructose corn syrup is so ubiquitous in the food supply. We are taxing corn syrup and su Continue Reading...
Tax Law The author of this report is asked to answer a set of four questions relating to tax law and its sources/adjudication. The first question asks what the primary sources of tax law are. The second question asks what the secondary sources of ta Continue Reading...
Taxes An evaluation of two types of taxes: Sales vs. income Sales taxes are invariably regressive taxes. Poorer people use a larger percentage of their taxes for consumption-related expenses, so they pay proportionately more of their income in sale Continue Reading...
Tax Return Reporting In the intensely personal working relationship which is necessarily fostered between tax preparers and their clients, a great deal of trust is required to assure that each party acts in accordance with the rule of law and the bo Continue Reading...
With regard to the salaried people the federal tax system has improvised a method to flush the surplus spending funds in advance by the mandatory provision of requiring employers to withhold tax from payments in advance which on remitting will be co Continue Reading...
Federal Sales Tax The purpose of the proposed Fair Tax Act of 2003 is "to promote freedom, fairness and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to b Continue Reading...
Tax Law Taw Law and Accounting In the United States, 43 states currently impose a personal income tax. New Hampshire and Tennessee tax only "intangible" income, which is composed of interest and dividends. The remaining 41 states have "broad-based" Continue Reading...
Federal Reserve Bank Financial services as an industry has progressed to become one of the widely transforming sectors of the global economy, having significant changes in information transference and processing, innovation in terms of commodities a Continue Reading...
If the decision is made to remain affiliated with the taxpayer, the member should ensure that the error is neither repeated nor perpetuated. Conclusion The rules and regulations implemented for tax service providers and other officials working wit Continue Reading...
Tax Case Study Requirement Tax code section 721 "provides that no gain or loss shall be recognized to a partnership or to any of its partners in the case of a contribution of property to the partnership in exchange for an interest in the partnershi Continue Reading...
No implementation issues are anticipated once the appropriate legislation is promulgated. The second suggested alternative strategy is to require that federal agencies conduct mandatory telework awareness training for all federal employees and offe Continue Reading...
Tax Avoidance vs. Tax Evasion The main objective of a tax advisor is to assist his/her clients avoid taxes as much as possible through within the confines of the law in order to avoid crossing the line into tax evasion. In this case, the tax advisor Continue Reading...
Federal Government's Impact on the Rise of Student Loans On the surface, student loans seem like such a beneficial and risk-free government program that there appears to be no reason to object to them. After all, the purpose of federally subsidized Continue Reading...
tax system of one country with that of another is an exercise fraught with dificulties and ultimately doomed to failure . tax system will never be much more than a reflection of strongly national cultures and forces. discuss this statement in the li Continue Reading...
Alacare Home Health Services Inc., Petitioner vs. Commissioner of Internal Revenue The comparison of American Institute of CPAs' (AICPA) Statements on Tax Standards and the Treasury Department Circular 230 rules to practice. Alacare Home Health Se Continue Reading...
Where individual taxpayers are concerned, the abstruseness and complexity of filing one's taxes can have the impact of obfuscating the legal imperatives driving one's filing obligations. This means that an individual may report his or her taxes inac Continue Reading...
Federal and State Government An Analysis of Powers in Federal and State Government The debate over having a strong central government or strong state government in the early days of the Republic seemed to fall on the side of the states. But as the Continue Reading...
This means that Congressional officials and the White House are reluctant to make the necessary adjustments (in order to address these issues). Instead, they have been utilizing various gimmicks to demonstrate how they are dealing with the problem. Continue Reading...
Tax Memo Tax Research Memorandum Lauren Smith From: Tax Accountant, CPA You incurred $15,000 of educational expenses over the past year in pursuit of your MBA, part of your professional development as a practicing Registered Nurse and nursing adm Continue Reading...
Rather than propping up "bad blood" and allowing the "illusion" of wealth to continue to be fostered, the Federal Reserve should allow the market to flush out the "bad blood" and operate the way it is intended. Conclusion In conclusion, the good t Continue Reading...
Federal Contracting Activities and Contract Types- Dell Inc. Dell Inc. was founded by Michael Dell who ventured into business as a freshman at the University of Texas in Austin. He realized that the branded models of computers were expensive and no Continue Reading...
Federal Taxation: Corporations, Partnerships, Estates & Trusts Corporate Acquisitions & Reorganizations - Tax planning considerations Why use a reorganization instead of a taxable transaction Avoiding the reorganization provisions Reorgan Continue Reading...
Federal Reserve Policies 2000- The first decade of the 21st century saw the U.S. economy on a peripatetic through tumultuous events, euphoric highs, and abysmal lows. The ten-year window highlighted three periods: 2000-2004, 2004-2007, and 2007-2010 Continue Reading...
Taxes as Fiscal Policy The first issue in all of these proposals is that they all talk first about cutting or raising someone's taxes, but the real impact actually centers on the budget cuts. The fact that so many of us count on these programs for o Continue Reading...
Federal and State Websites State/Federal Research Project State Websites Employment Training Panel Employment training panel (ETP) is a business and labor supported Californian State agency, which funds the vocational training costs. ETP clearly Continue Reading...
Federal Budget Process Every year the federal administration is involved with a total revenue and expenditure of about 1.5 trillion USD as a matter of fiscal practice. (Keith, 1996) The budgetary strategy of the federal administration is an integrat Continue Reading...
(the Bush Tax Cut: One Year Later) The members of the AFSCME believe that the Taxes imposed under the Bush administration has influenced them very unenthusiastically, since it has assisted to restrict their capability to concentrate on vital nation Continue Reading...
Federal Debt and Deficit Reduction Plans Federal debt is a public debt which represents the federal securities owned by individuals or institutions outside the United States government and United States Treasury securities that are administered by t Continue Reading...
