Properly documented * An expense of the taxpayer Expenditure is not deductable if it is… * A capital expenditure * Expense related to tax-exempt income * Illegal or in violation of public policy‚ or * Specifically disallowed by tax law Business or investment activity? – requirements have two parts * Activity must be engaged in for profit * Trade or business vs. investment classification – distinction important only to individuals * Expenses incurred in a trade or business
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Our client‚ Mr. Perez wants to start a new business‚ but he is debating whether to start a S corporation or a C corporation due to potential environmental factors associated with his business. He wants to maintain a limited liability and wants to avoid double taxation by paying himself a salary equal to his companies before tax earnings. He also would like to issue preferred stock to his son in the future to keep his interests in the business. He was advised by his friend to choose a C Corporation
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the concrete. The sign was later observed lying on the sidewalk. The vehicle was observed travelling eastbound on Oak Street crossing Main Street. The vehicle was stopped on the 100 block of East Oak Street. The operator was identified as Joseph S. ZENDROSKY. ZENDROSKY related he struck the sign while attempting to park the van. ZENDROSKY displayed eyelid‚ cheek‚ and eyebrow tremors while I spoke with him. His pupils were constricted‚ his mouth was dry‚ and his left arm had bruising with noticeable
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After having read the book ´Employees first‚ customers second´ by Vyneet Nayar‚ reflect upon the following questions and elaborate your answers. The project must be done in groups of 2-3 max. and be approx. 5 pages long‚ 12 Times New Roman‚ 1‚5 spacing. Please consult the materials posted in the blackboard first: 1. What was the leadership style Vyneet came with at the beginning of his mandate? Can you give 3 examples of actions he took and which reflect this leadership style and explain
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police departments because law enforcement is societies first call for protection. Additionally‚ like the The Executive Order 13688 stated‚ “ The purpose of providing this equipment to Law Enforcement Agencies (LEAs’) via Federal programs is to enhance and improve the LEAs’ mission to protect and serve their communities (Law Enforcement Equipment Working Group‚ 2015). However‚ with that being said‚ as the stakeholders mentioned in the Executive Order 13688‚ policies
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Commerce 2603 Summer‚ 2013 Assignment Case Distribution Date: May 15. 2013 Jim Jones was a B.Comm student at Ivory Tower University in Halifax‚ and played hockey for the "Commerce A11-Stars” in the ITU inter-faculty league. Bob Black‚ of the ITU Law School‚ played for the "Law School Lumpers" in the same league. One evening‚ Jim checked Bob heavily into the boards during a game. Bob retaliated‚ as he fell‚ by slashing Jim across the back of the neck with his hockey stick. The slash
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of Myer are on four aspects. Firstly‚ Myer is positioning at upscale high range departmental retail store in Australia. Tracy fit this segmentation‚ so she feels engaged when shopping at Myer. Secondly‚ there is a variety of choice for consumers to choose for different needs. Tracy can purchase not only cloth but also accessories at Myer with an acceptable price‚ she does not need to walk around to find the brand or specific product she needs. So it is convenient for Tracy to shopping at Myer. Thirdly
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Part A (a): Ethical dilemma Should Tom tell Michael that Brenda is breaking the rules/law. Ethical egoism Under ethical egoism‚ Tom should tell Michael what Brenda is doing‚ as he is feeling worried and guilty and this would ease his mind. He could also gain benefits from Michael. Tom would do this because he is promoting his well being above everyone else’s (QUT‚ 2011). Utilitarianism Under Utilitarianism‚ Tom should tell Michael about Brenda and Mary’s arrangement‚ because Utilitarianism
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Rick Cohen‚ president and CEO of C&S Wholesale Grocers‚ is faced with the dilemma of deciding whether and how to implement the self-managed team concept in his unionized warehouse. With the holiday season approaching‚ the busiest time for C&S‚ he needs to come up with a solution or the reputation of C&S will be jeopardized. Cohen‚ grew up in the family business and completed his undergraduate studies at the Wharton School at the University of Pennsylvania. One of his greatest strengths that he
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Families are also affected by drug abuse. Sixty to eighty percent of child abuse and neglect cases involve substance abuse by a parent or guardian (Malroew‚ 2012) The first family drug court was stated back in 1995 in Reno‚ Nevada and since then there are only about 300 operating family drug courts in the United States. The average cost of foster care for one child in the state of Oregon it costs about seventy two dollars and eighty nine cents per day. In one year that is about twenty six thousand
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