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 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...
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...
Taxation in the United States The taxation system of the United States of America is flawed in many ways; meanwhile there are some benefits of this system as well. The current taxation system of the United States needs to be analyzed to point out th Continue Reading...
LLC & Partnerships The objective of this study is to answer the questions of what similarities exist between LLCs and Partnerships and what are the benefits of an LLC over a Partnership as well as what issues may arise with the taxation of a tr Continue Reading...
" Since their inception, a number of LLC statutes have been adopted across the country and becaue of the RULLCA initiative, the various jurisdictional disparities are slowly being replaced with more uniform approaches and interpretations. According Continue Reading...
So your wife can renounce the business given to her and then pass it without gift tax to the children. Disclaimers must be made within 9 months of the death of the first decedent if they are to avoid gift tax. An appropriate disclaimer may also be a Continue Reading...
This is because several disbursements are made to one partner. Secondly, there are installment payments to partners prior to the complete realization of assets. This involves a worksheet preparation for each partner. This computation has two disadva Continue Reading...
Consolidated Tax Returns and GoSystems Tax Software Consolidated Tax Returns The consolidated tax return, in simple terms, is "a method by which to determine the tax liability of a group of affiliated corporations" (Pratt and Kulsrud 8-2). It is ba Continue Reading...
This is unlike the C Corporation where shareholders are taxed only when they receive dividends. This provision becomes unethical since it subjects the shareholders to losses and denting of their other sources of income. According to the Internal Re Continue Reading...
Tax Code 1231, 1245, 1250, 291 A Section 1231 asset is an asset that is non-capital, that it may receive capital gain treatment. To be a Section 1231 asset, the asset must be personal or real property used in a trade/business that has been owned for Continue Reading...
corporation is a regular corporation that opts to tax its profits at the personal income tax level. An S corporation must prepare and file an income tax return, but itself pays no tax (if it complies with all of the technical and complex rules of th Continue Reading...
Corporate Taxation Provisions and Principles Corporate Taxation Congress' Reaction to the Holding in Chamberlin v. Commissioner (1953) Prior to passage of the IRS Tax Code by the 83rd Session of Congress in 1954 the tax status of stock dividends r Continue Reading...
3 million buildings and plots of land. If it can conservatively be assumed that a minimum of five persons are affected for each business and a minimum of two persons for each building, then some 5 million people are directly involved in property-rest Continue Reading...
consumption tax alternatives: retail sales tax, flat tax and personal consumption tax. Justifications for tax reform range from the need to simplify the current system to raising revenues to modifying social policy. In the face of growing demands by 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...
Businesses are the cornerstone of a capitalistic society. Businesses often drive economic growth and overall societal prosperity. In many instances, business can enhance the overall quality of life of those living in civilization. Looking back briefl Continue Reading...
Prenegotiation Memorandum (pm) Negotiation Team Re: Tamarack, MN and Twin Lakes Mining Company Position Structure Twin Lakes Mining Company The Twin Lakes Mining Company (hereafter known as 'company') makes significant contribution to Tamarack, Continue Reading...
LEGAL ISSUE, STRUCTURE, and ANALYSIS A. LEGAL ISSUES-LIMITED PARTNERSHIP. According to Black's Law Dictionary (1991), a limited partnership is a "type of partnership of one or more general partners who manage business and who are personally liabl Continue Reading...
Small Business Uncovering Critical Success Factors for Starting a Small Business Venture Small businesses have been considered the mainstay in countries around the world. In many European countries for example, the small business has been considere Continue Reading...
Capital If there is one universal attribute that applies to all investors, it is the undying thirst for higher returns. Venture capital (VC) is founded on this fundamental premise, as it has great potential to provide returns far in excess of conve Continue Reading...
In contrast with the mutual funds, 'Mutual funds trade hundreds of stocks in many unrelated industries, with very little of the total portfolio in any single stock. By contrast, when a company expands into a new area, its portfolio consists of two s Continue Reading...
Tax Advise Table of Contents (optional) Louise is aged 50 and single. Since 1994 she has carried on a retail business as a sole trader. Her trading profits as adjusted for tax purposes and after capital allowances, for the year ended 30th April 200 Continue Reading...
sales tax reform in America. Specifically it will discuss the idea of an alternate tax system, the National Sales Tax and compare it to the current tax code. A new way of collecting taxes seems much more fair and equitable than the current income ta Continue Reading...
Mortgage Fraud If a rash of armed bank robberies swept across America next year, and if in these robberies criminals absconded with $30 billion dollars, one may be certain that a public panic would ensue. The banking system would likely be changed f 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...
U.S. economic downturn has made many states in the United States to implement strategies to boost economic developments of their respective states using different economic incentives to attract investors. Recognizing the needs to be competitive nati Continue Reading...
Strategic Planning for Market Entry Barriers to Entry Market Challenges Trade Barriers Standards EU Regulations Conformity Assessment Product Certification Accreditation Market Entry Strategy Selection Franchising Joint Ventures/Licensing Continue Reading...
Works Cited Thorndike, Joseph J. "The IRS Is Hiding Its History." The Washington Times. December 19, 1997, p. A23. February 18, 2008. http://www.taxhistory.org/thp/readings.nsf/cf7c9c870b600b9585256df80075b9dd/9de7fcd59915a3be85256e430079327d?Ope Continue Reading...
" In short, when it comes to the First Amendment, greater issues are at stake beyond the immediate interests of the corporations in question. There must be a compelling state interest to limit freedom of expression. Why doesn't it make a difference Continue Reading...
UK Healthcare Within this section of Chapter One, a historical perspective of NHS will be provided. This discussion will identify problem areas that have emerged in relation to NHS with an attempt made to address the manner in which such problems ha Continue Reading...
In developing countries, consumers are more affected for two reasons. One is that consumers are more likely to buy raw ingredients. Without manufacturing entities to absorb some of the commodity price increases, consumers are left to absorb almost Continue Reading...
This means that you must continually monitor and communicate about possible changes, pertaining to the overall scope of the threat. Once this occurs, is when an entity will have an effective security procedure that will adapt to the various changes Continue Reading...
A number of economists suggest that markets are efficient, but this efficiency is merely assumed. In this regard, Batten points out that, "There is no actual proof. It is virtually impossible to test for market efficiency since the 'correct' prices Continue Reading...
Financing Community Business The Importance of Small Business in the Economy Canadian Federal Support for SMEs Tackling SME Tax and Fiscal Priorities Rebalancing Canada's EI System Assist Small Business Owners with Succession Plans Growing Smal Continue Reading...
Angel Creek Economic Platform of Bernie Sanders Bernie Sanders' economic platform is based on the concept of income inequality. As a socialist liberal, his main thesis is that the U.S. economy is producing wealth, but, at the same time, a large inc Continue Reading...
5% and 2.35% over that period but opposite the trend of fluctuation in overall spending The result is approximately $23.5 billion spend each year in the U.S. attending sporting events like the 82 games per year at the Boston Garden Average U.S. hou Continue Reading...
NAFTA Historical Beginning of NAFTA (with specific bibliography) NAFTA Objectives What is NAFTA The Promise of NAFTA NAFTA Provisions Structure of NAFTA Years of NAFTA (NAFTA not enough, other plus and minuses).. Environmental Issues Compar Continue Reading...
The same goes for business-related periodicals and magazines. (Dratch 2008, p. 2) Mileage: Once again, this involves careful bookkeeping, but the deductions can add up. Keep a dated log of all business-related mileage, tolls, and parking costs. Acc Continue Reading...
The UAE has one of the most open economies in the world. And its vigorous economic partnership with the United States reflects the UAE's function as a regional leader in terms of economic restructuring, openness to international trade and investment Continue Reading...
