INTERNAL RESEARCH MEMO Date: September 12‚ 2014 Preparer: ABC Reviewer: Jack Client: Ann RE: Dependency Exemption Facts: Ann and Jeff Burns divorced in 2011 when their daughter Kim was three and Ann filed an agreement that allowed Jeff to take a dependency exemption for Kim as long as he continued to provide child support payments. Last year Ann wished to take the dependency exemption for two reasons. First‚ she has provided more than half of the cost of raising Kim. Second‚ the agreement
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Tax Description Income Tax is a tax on a person’s income‚ emoluments‚ profits arising from property‚ practice of profession‚ conduct of trade or business or on the pertinent items of gross income specified in the Tax Code of 1997 (Tax Code)‚ as amended‚ less the deductions and/or personal and additional exemptions‚ if any‚ authorized for such types of income‚ by the Tax Code‚ as amended‚ or other special laws. Types of Income Tax Personal Income Tax (PIT) is a direct tax levied on income
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Sin Taxes There was a time when it was perfectly acceptable for parents to chain smoke in the car with their kids. In present time it is unlawful to smoke with a minor in the car. Since that time we as citizens have come a long way to making our country healthier but there is more room for improvement. Sin taxes are perceived by many people as a dreadful thing but in reality it gives the government options to help the American people as a whole. By raising Sin taxes it will offset the cost of
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maintains that even if she had made the trip to collect the check‚ by the time she returned home‚ the bank would have closed and she could not have deposited the check until January. ISSUES: Does Adrian include the $10‚000 on her 2007 or 2008 tax return? CONCLUSION: In general‚ constructive receipt occurs when income is credited to a taxpayer’s account‚ set apart for him‚ or otherwise made available so that he may draw upon it at any time‚ or so that he could have drawn upon it during the
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Week 3 paper help Here is some guidance on the week 3 paper that I think will help. Also‚ please contact the tutors if you need help as an additional layer of support. The tutoring information is posted in another announcement. Question #1 - 300 words · Ellen wants to secure her images‚ content and products from being stolen. · Discuss how effective/or not effective copyrighting will be to protect her ideas and products. · Discuss intellectual property and
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Tax Law and Accounting Paper In today’s financial world‚ preparation and reporting of income taxes has become one among the other main reasons why individuals and businesses are keeping and maintain their financial records. However‚ there has been some controversy between tax laws and accounting under the General Accepted Accounting Principles (GAAP). Simply because IRS is not always agrees with GAAP’s principles and thus creates its own tax laws. This paper will discuss the objectives of modern
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Tax Return Position Tax law was established in order to govern tax transactions and events. The primary source of tax law is the internal revenue code‚ which was established in the year 1939‚ and has been revised multiple times since then. In addition to information regarding company income tax‚ employment tax‚ and other pertinent tax options. The legislative process is also a primary source of tax law‚ which is initiated in the House of Representatives‚ where new tax bills can be proposed. Once
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discussing this very information for the doctrine of original sin. The doctrine of original sin mostly pertains to the Roman Catholic religion. I will be covering when‚ where‚ and why the doctrine was originated. Original sin is the theory that every man is born into sin because our mother and father have sinned. The definition given by the Catholic Encyclopedia is: "(1) the sin that Adam committed; (2) a consequence of this first sin‚ the hereditary stain with which we are born on account of our
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A Sense of Sin Richard M. Gula‚ S.S. Reason Informed by Faith: Foundations of Catholic Morality. Mahwah‚ New Jersey: Paulist Press‚ 1989. 89-105. No one doubts the presence of evil in the world. We experience it in a variety of ways: national and international conflict; domestic and street violence; political and corporate corruption; and a host of manifestations of sexism‚ clericalism‚ racism‚ ageism‚ and other violations of justice. All such forms of brutality‚ disorder and discrimination
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Dr Faustus and Seven Sins Dr Faustus is a short play written by Christopher Marlowe. The play is a masterful insight into the paradoxical soul of mankind and its ironically self inflicted corruption. The play could be classification as a theological allegory. It can be assumed that the play specifically speaks to the religious motivations of the time‚ but can be adapted to the present as well. Marlowe portrays Faustus ’ ambition as dangerous; it was the cause of his demise. Perhaps Marlowe
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