Case Study Mining Data To Increase State Tax Revenues in California 1. What are the benefits of using the new INC system? -identification of nearly 100‚000 non-filers -an additional net review of $36 million per year -uses Unique identifier to synchronize the direct and indirect indicators -elimination of 55‚000 incorrect actions sent by the Bureau -saving HR the hassle of addressing erroneous notices -increased functionality and capacity 2. Why didn’t the California Franchise
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Statute law‚ Case law and European Court of Justice decisions. Secondary sources; extra-statutory concessions‚ informal concessions‚ statements of practice and statutory instruments. These secondary sources are all produced by the HMRC (Her Majesty’s Revenue and Customs). Finally further sources‚mainly European Union treaties‚ regulations and directives. Within this essay I will evaluate the relevance of each source‚ consider whether they are subjected to parliamentary scrutiny‚ if so whether there
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2nd instalment $4‚000 due on 4 April 2012. However David failed to pay the 1st instalment by the end of January 2012. What actions will be taken by Inland Revenue Department to recover the tax from David? Ans. When the tax was overdue after 2 January 2012‚ total tax $14‚500 became due immediately. Inland Revenue Department would impose 5% surcharge on $14‚500. The Department could take civil action to pursue the outstanding tax and surcharge in court. It could also issue a recovery
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of cattle breeding. Are you registered as an individual to be breeding cattle? Where are you documents for your land that you are in fact breeding these cattle on your property? How are you keeping track of the money that you have invested and the revenue coming in from breeding these cattle? Do you have a permit showing that these cattle can be breed on your property? • In the loss deduction of the rental of your beach cottage? What happened with the beach cottage? What do you have to prove that
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Review Questions 1. If the person employs 1 or more individuals for performances of services in the US unless such services or employment are specifically exempt by law. 2. Defined by the common-law relationship of employer/employee 3. If the business has the right to tell a worker how‚ when‚ and where to work 4. a person who follows an independent trade‚ business‚ or profession. Where they offer their services to the public the following is the “test”: Hire‚ supervise‚ & pay assistants
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Income Tax Return Assignment You have your own CPA tax practice and you are greeted with new clients: Albert and Jenny Cunningham and their two children. You meet with them and they give you the information shown below. They would like you to prepare their tax return for 2013. They would like to file married filing jointly. NOTE: Reference to the “current tax year” below for the taxpayers‚ Albert and Jenny‚ it is for the calendar year 2013. Albert and Jenny Cunningham (both 42 years
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NOL carrybacks and carryovers to prior tax years. Apply the Statements on Standards for Tax Services (SSTSs) to the following situations. The SSTSs are in Appendix E of this text. a. Assume the incorrect NOL calculation does not affect the current year’s tax liability. What recommendations (if any) should Susan make to the new client? See SSTS No. 6. According to Statements on Standards for Tax Services (SSTS) No. 6‚ Susan should inform her client Winter Park’s management promptly of the mistake
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D 3. H 4. A 5. J 6. I 7. C 8. B 9. G 10. F Questions for Review (p. 3–34) 1. To be classified as a “covered” employer‚ the person must employ one or moreindividuals for the performance of services in the United States‚ unless suchservices or employment are specifically exempted by the law. As long as thecommon-lawrelationship of employer and employee
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This approach is ideal for loosely coupled yet integrated systems. The approach uses business rules that aid near real-time integrations. This reduces the latency and enhances the reliable delivery of messages for immediate decision-making. Web services are cost effective and use proprietary integration platforms to do away with integration problems just like the EAI approach. It deploys a standards-based integration model with a high degree of reuse and extensive user support. It also has minimal
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holders often have questions about proper protocol and procedure‚ and this is where the immigration law firm of Berd & Klauss‚ PLLC‚ comes in. This New York City-based boutique law office provides comprehensive immigration counsel through personalized service for both individuals and businesses. Here‚ Berd & Klauss’ H-1B lawyers answer some frequently asked questions about tax filing for those with H-1B visas. "Do I Qualify For Tax Benefits?" Yes! As a nonresident alien‚ you can claim many of the same
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