February 7‚ 2012 TAX FILE MEMORANDUM TO: Professor FROM: Student SUBJECT: Murray Taxpayer Issues Regarding Damage Award Facts: Murray Taxpayer was previously employed by a company who was illegally dumping chemicals into a river. Murray had knowledge concerning these illegal activities of his employer and made an ethical decision to report this to the Environmental Protection Agency. Upon inspection‚ the Environmental Protection Agency determined that Murrays employer was in fact illegally
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The GST input tax incurred by businesses is claimable as a credit if they make taxable supplies. This avoids the cascading tax effect of the current single-stage sales tax and service tax regime‚ which results in higher prices. Recognising the wide-ranging impact of GST‚ the Government has proposed an initial low rate of 4%‚ coupled with zero-rating and exemption of essential goods and services. Anti-profiteering legislation and other measures for qualifying persons in the lower-income
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The Case of Amanda Berry Amanda Berry was born April 22‚ 1986. She was one day short of turning seventeen when she was abducted from her Cleveland home town and was held as a captive for ten years before breaking free. While in captivity she endured intense trauma along with two other girls. She also gave birth to a baby girl that was fathered by her captor. She finally escaped the hands of Ariel Castro and now lives back home with her father‚ after finding her mother grieved herself to death while
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In the case of Ariel Castro‚ Castro was arrested on May 6‚ 2013 for charges of kidnapping and rape‚ in which four victims involved. This case took place in Cleveland Ohio‚ where all the victims and defendant are from. For a period of 11 years‚ Castro kidnapped‚ held captive and abuse these young girls‚ physically‚ emotionally‚ and sexually in his home‚ on a daily basis. The victims were Michelle Knight‚ Amanda Berry‚ Gina De Jesus‚ and Jocelyn Berry. The first victim taken‚ was Michelle Knight. Knight
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which are marriage‚ death‚ and birth if reported to legal office‚ observations made while on public duty like how many times an officer has had disciplinary actions against him or her while on duty. Cases filed in courts prior
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Week 4 – You Decide John Smith tax issues: a. How is the $300‚000 treated for purposes of Federal tax income? The $300‚000 that John received for services rendered from the court case is considered earned income for the year. The $300‚000 is earned income for John Smith and will be reported as gross income either on Schedule C of the individual return or as gross income on the LLC return. “US code defines gross income in 26 U.S.C § 61 states except as otherwise provided in this subtitle
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S&S Air‚ Inc. 2009 Income Statement Sales COGS Other Expenses Depreciation EBIT Interest Taxable Income Taxes (40%) Net Income $20‚077‚000 $14‚985‚000.00 $2‚399‚000.00 $655‚000.00 $2‚038‚000.00 $362‚000.00 $1‚676‚000.00 $670‚400.00 $1‚005‚600.00 Dividends Add. To RE $205‚000.00 $800‚600.00 2009 Balance Sheet Current Assets Cash AR Inventory Total CA Fixed Assets Net P&E Total Assets 1. Ratios Current Ratio Quick Ratio Current Liabilities $365‚040 $1‚534‚680 $1‚238‚500 $3‚138‚220 AP Notes Payable
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implications on how the tax system is managed. The country’s tax system is lopsided‚ and dominated by oil revenue. It is also characterized by unnecessarily complex‚ distortionary and largely inequitable taxation laws that have limited application in the informal sector that dominates the economy. The primary objective of this paper is to prepare a case study on tax administration in Nigeria‚ with the specific objectives of examining the main tax reforms in the country; highlighting tax revenue profile and
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Patient: Smith‚ Jane DOB: 06/ 13/ 1985 Date of Interview: 02/05/2010 Date of Report: 02/06/2010 IDENTIFYING INFORMATION: Ms. Smith is a 24 year old white woman currently residing in Vancouver‚ WA. She is employed as a hairstylist and currently lives in an apartment with two friends and their newborn son. Ms. Smith has been seen for mental health symptoms previously as a teenager‚ and was referred again on this visit by a colleague. The following report information is based on information collected
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Collapse of Dick Smith and Audit Risks The article selected is intended to discuss the causes of the collapses of Dick Smith and also the responsibilities of associated parties. The author‚ Knight (2016)‚ provides a generic discussion on both of the issues based on public available financial information of the company as well as some preliminary findings of the investigation regarding the Dick Smith Collapse. Dick Smith was floated by Anchorage Capital Partners‚ an Australian-based private equity
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