Tax Case

Write an APA-formatted response of no more than 200 words for each the following questions:

I appreciate the opportunity to advise you regarding the tax treatment for your loss of $25,406 in 2015 from your dog breeding activities. I understand that you decided to start breeding purebred terriers to keep yourself busy after your divorce with your husband in January. There are two possible ways to treat the loss under rulings in the Internal Revenue Code. One option is to treat your dog breeding activity as a business and deduct the losses on Schedule C, Profit or Loss from Business, of your individual income tax return. The second option is to treat your dog breeding as an activity not engaged in for profit, which does not allow you to deduct the

While it may have been a good idea to acquire the new equipment because of its greater capabilities, the calculations of the cost savings were in error. The original calculations

The recommended time frame to implement all recommendations is 1 year. Once all implementations have been completed the Adult day care services center will benefit from some long-term financial returns (inflow of donations) and social economic growth. These returns will manifest themselves in the three main areas; increased enrollment means more funds to care for variable costs, it will make it easier for the agency to appeal for more donations hence more cash and there will be an increased social economic growth for the entire community.

Review- This article is about the allegations made by FTC (federal trade commission) on southwest health in violation of antitrust laws, then its impact on local health system. Further FTC proposed a consent order to rectify these violation in the form of settlement process.

Under I.R.C. Section 7701(b), an individual is considered a US resident for tax purposes if they are physically present in the US on at least 1) 31 days during the current year, and 2) 183 days during the three year period that includes the two years immediately before that, counting, all days of current year, 1/3 of days in first year before the current year, and 1/6 of days in the second year before the current year (Substantial Presence Test, 2013). Because Mr. Murray was physically in the US from June through December 2012, 210 days, he is considered a US resident under the substantial presence test for income tax purposes for the year 2012. All his income of $65,000 would be reported on Form 1040 and be taxed as if he was a United States resident.

Claimant is an 18 year old single female (DOB 6/11/97 – 17 at time of loss) and not a Medicare beneficiary. She has no prior claims history and her Accurint report was clean, with the exception if showing she has recently purchased and registered a new 2016 vehicle. Claimant’s Facebook profile, while private, has many photos that have been posted since the DOL of claimant squatting, posing and wearing high heels, not indicative of an

1) What is the couple’s taxable income and liability using the amounts reported on the tax return?

Clifford Company is a large corporation located at 896 Western Avenue, College Park, MD 201742. The company is interested in making a property distribution to its shareholders as dividends. Ms. Shire you have questions about how this would affect the company tax preparation and would like our recommendation on the best method available for the company.

First, the payment must be paid in connection with creating a business. Within the past year you have incurred several expenses in connection with starting the business: (1) $1,000 of your own money as a down payment on the truck; (2) a $49,000 loan for the truck; (3) $750 for the lemonade maker; and (4) $1,500 on lemons, sugar, and boba tea.

In a Summary Opinion, the Tax Court has determined that a taxpayer could deduct the costs of obtaining a master of business administration (MBA) as unreimbursed employee expenses. The Court found that the MBA didn't qualify him for a new profession but rather refined his existing business and investment skills that he used in his former managerial position, and it further concluded that the taxpayer remained in the same trade or business before and after attaining the degree.

I have prepared the amended sales tax return to claim the tax paid on purchase of boxes in the past there years. The total taxes paid on the purchase of boxes from November 2013 through June 2016 were $42,178.84. The expected tax refund from amended sales tax return for the period is $6,896.00.

Use the Dapper-Dons Partnership IRS Number, street, and room or suite no. If a P.O. box, see the instructions. B Principal product or service label. Men 's Clothes Other- 123 Flamingo Drive wise, City or town, state, and ZIP code C Business code number print or type. Miami, FL 33131 448110

buildings are sold, buyers often evict the existing tenants to move in themselves, combine several units, or bring in new tenants at a higher rate. When residents own their homes, they are less vulnerable, and may opt to “cash them in” and move elsewhere. Their options may be limited if there is a regional housing shortage, however, and cash does not always compensate for less tangible losses.

Chief Justice M. Hameedullah Beg., Justice N. L. Untwalia, Justice P. N. Bhagwati, Justice P. S. Kailasam, Justice S. Murtaza Fazal Ali, Justice V. R. Krishna Iyer and Justice Y. V. Chandrachud.