...Lovely Professional University, Punjab Course Code COM354 Course Category Course Title TAX LAWS-II Courses with Numerical focus Course Planner 17055::Shikha Bhasin Lectures 4.0 Tutorials Practicals Credits 1.0 0.0 5.0 TextBooks Sr No T-1 Title Indirect Taxes Laws & Practice, Reference Books Sr No R-1 R-2 Other Reading Sr No OR-1 OR-2 OR-3 OR-4 OR-5 OR-6 OR-7 OR-8 Journals articles as Compulsary reading (specific articles, complete reference) Mohan Rajat "Service Tax Planning- Limits of Management Consultancy Services" [http://www.caclubindia.com/articles/service-tax-planning-limitsofmanagement- consultancy-services-4073.asp] , Thakur Pradeep & Dhawan Himanshi, "ED asks for CWG broadcast contract details" Times of India, Nov 11, 2010 [http://timesofindia.indiatimes.com/india/EDasks- for-CWG-broadcast-contract-details/articleshow/6904772.cms] , Bhalla Monish "Unprofessional Service Tax rules for certain professionals" on 04 November 2010 [http://www.caclubindia.com/articles/unprofessional-servicetaxrules-for-certain-professionals-7363.asp] , CA. Mohan Rajat "GST recent developments" [http://www.caclubindia.com/articles/gst-recent-developments-5308.asp] , Singh Kumar Dheeraj "Historical Background of VAT" [http://www.caclubindia.com/articles/historical-background-of-vat-1716.asp] , By Mahony,Megan , Journal of State Taxation. Nov/Dec 2012 Vol 31 Issue , P 15-18 4P- An recent activity related to sales Tax , By Piquado ,Paul , Federal register 10/22/2012, Vol 77 Issue 204 P 64468-64471-...
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...[pic] Accounting and MIS 626: Tax Accounting I Course Syllabus - Autumn 2010 Tues/Thurs 7:30 -9:18 am – Schoenbaum Hall 205 Instructor: Stephanie L. Brewer, CPA, CVA Office: 434 Fisher Hall Phone: 614-292-3903 (office) E-mail: brewer.205@osu.edu (preferred method of contact) Office Hours: Tues. 1:45-3:15 pm; Weds. 3:45 – 5:15 pm / Mondays & Thursdays by appointment Course Materials: Required - Smith, Raabe, Maloney, 2011 ed. South-Western Federal Taxation: Taxation of Business Entities, ISBN 0-538-78621-3 Recommended - Smith, Raabe, Maloney, Study Guide, South-Western Federal Taxation 2011: Taxation of Business Entities, ISBN 0-538-47063-1 Course Description: This course covers the fundamentals of federal income tax and how it influences taxpayer decisions. Emphasis is on individuals and businesses organized as proprietorships, but the rules generally applicable to all taxpayers are covered. Prerequisite: AMIS 521 or equivalent. Course Objectives: This course is designed to acquaint the student with the workings and concepts of the federal tax law, especially as it pertains to individuals and business entities and to introduce the student to the workings of the U.S. tax system. Emphasis will be on learning the concepts underlying the tax law, using the current tax formula and its elements, applying tax law to decision models and incorporating tax planning principles into decision-making opportunities. Students are assumed to...
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...Chapter 1 The Tax Return Homework Assignment 6:00 pm Room B111 Ch 1 online quiz Group 2 - Problems 3,11,13,15,16,18,19,21,22,24 Group 4 - CP 2A p. 1-39 Ch. 2 On-line quiz Group 2 - Problems 1,3,4,6,8,11,13,17,19,20,21,23 Group 4 - CP 2A p. 2-42 Ch. 3 On-line quiz Group 2 - Problems 3,4,5,8,10,14,16,21,22,23 Group 4 - CP 2A p. 3-46 Ch. 4 On-line Quiz Group 2 - Problems 1,2,5,9,10,13,15,19 Group 4 - CP 1 p. 4-42 (Prep Exam I) Ch. 5 On-line Quiz Group 2 - Prob. 1,2,6,10,12,15,24,27,28 Group 4 - CP 1 p. 5-44 (Prep Exam II) Wednesday, 6:00-7:00pm, Room B111 Ch. 6 On-line Quiz Group 2 - Problems 1,2,6,11,19,23,27,28 Group 4 - CP 1 p. 6-44 Ch. 7 On-line Quiz Group 2 - Problems 2,4,7,9,11 Group 4 - CP 1 - p. 7-36 Due Date** (NOON) M – 10/1 M – 10/1 M – 10/1 M – 10/8 M – 10/8 M – 10/8 M – 10/15 M – 10/15 M – 10/15 M – 10/22 M – 10/22 M – 10/22 M – 10/29 M – 10/29 M – 10/29 On campus M – 11/5 M – 11/5 M – 11/5 T – 11/13 T – 11/13 T – 11/13 Oct 1 M Ch 2 Gross Income Oct 8 M Ch 3 Bus Exp & Retire Plans Oct 15 M Ch 4 Self Empl & Empl Exp Oct 22 M Ch 5 Itemized Deductions 24 Oct 29 W M Chapters 1-4 Objective Exam Ch 6 Credits & Special Taxes Nov 5 M Ch 7 Acct Periods & Deprec Nov 12 13 M T Holiday – No Classes Ch 8 Capital Gains & Losses Ch. 8 On-line Quiz Group 2 - Problems 1,2,4,5,8,9,11,15,16 Group 4 - CP 1 p. 8-53 Ch. 9 On-line Quiz Group 2 - Problems 2,7,9,10,14,15 Group 4 - CP 1 p. 9-42 Ch. 10 Group I -...
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...Projects Due | R, 1/10 | Intro and Ch. 1 | 2,3,4,16,17,19,21,22 | T, 1/15 | Ch. 3 | 8,9,10,11,13,14,16,19,20,21,22,23,24,25,26,27,29,39,40, 41,44,46,47,48,49,50,52 | R, 1/17 | Ch. 3 | See previous assignment | T, 1/22 | Ch. 4 | 2,5,6,7,8,12,14,15,16,17,19,20,21,22,23,24,25, | R, 1/24 | Ch. 4 | 30,31,32,34,35,36,37,38,39,40,41,42,44,45,51 | T, 1/29 | Ch. 5 | 4,5,10,11,17,27,28,29,40,41,47 | R, 1/31 | Ch. 5 | See previous assignment | T, 2/5 | Exam #1 | R, 2/7 | Ch. 6 | 1,8,9,10,13,17,18,21,23,24,29,33,34,36,43,44,45 | T, 2/12 | Ch. 7 | 3,5,7,8,10,17,20,40,41,42,49,53,57,58,61 | R, 2/14 | Ch. 7 | See previous assignment | T, 2/19 | Ch. 8 | 1,5,7,8,24,25,26,28,29,33,35 | R, 2/21 | Ch. 8 | See previous assignment | T, 2/26 | Ch. 11 | 1,4,6,7,13,16,25,26,27,28,31,35,37 TAX RESEARCH CASE DUE TODAY | R, 2/28 | Ch. 11 | See previous assignment | T, 3/5 | Exam #2 | R, 3/7 | Ch. 9 | 1,2,6,7,9,10,19,20,23,27,28,29,32,41 | T, 3/12 | Ch. 9 | See previous assignment | R, 3/14 | Ch. 10 | 7,8,9,15,16,18,19,20,22 | T, 3/19 | Ch. 12 | 1,2,6,18,19,20,21,22 | W, 3/20 | Last day to drop a course with a grade of “W” | R, 3/21 | Ch. 13 | 3,5,9,14,15,18,19, 26, 37, 39, 43, 44 | T, 3/26 | Spring Holiday | R, 3/28 | Spring Holiday | T, 4/2 | Ch. 13 | Catch-up and review day | R, 4/4 | Exam #3 | T, 4/9 | Ch. 14 | 1,2,3,4,6,7,8,9,10,19,21,23,24,26,27,28,33,34 | R, 4/11 | Ch. 15 | 2,3,4,8,9,10,11,12,19,21,27...
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...Introduction • • Presentation Group discussion 2. Profits tax • Group exercise 3. Negotiation • • Role play Group exercise 4. Tax for individuals • • Case study Group discussion 5. Reboot • • Presentation Group discussion 6. Tax cases / Anti-avoidance • Group discussion Ch.3, 4, 8, 9 & 11 7. Cross border tax issues • Group discussion Ch.3, 4, 12 & 13 8. Tax planning • • Case study Group reflection Ch.3, 4, 5, 9, 11 & 12 9. Conclusion • • Presentation Group discussion Ch.3 & 11 Ch.2, 5 & 11 Workshop 2 You are expected to have studied the relevant chapters of the Learning Pack thoroughly prior to attending the workshops in order to actively participate in the case studies and group discussions throughout the workshops. The main topics covered in the workshops are listed below. Workshop 1 Profits tax computation, addition and disposal of property plant and equipment, depreciation allowance – plant and machinery, commercial building allowance, interest income and expenses, gain from sale of product design and trademark, investment income, share award costs, and other deductible expenses Trade versus investment, source of profit/income Salaries tax computation, share grants, accommodation, living allowance, home leave, contribution to MPF, charitable donation, personal allowances, individual tax return Additional assessment and penal actions, taxability...
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...and Public Policy, 4th edition Additional readings as listed on the course outline COURSE PREREQUISITES: Econ 206 and Econ 207 COURSE DESCRIPTION: Public Finance deals with the taxing and spending activities of government. It is alternatively called Public Sector Economics or Public Economics. The focus of the course is on the microeconomic functions of government, and in particular the way that government affects the allocation of resources and the distribution of income. The analysis of the spending activities of government will include a discussion of public goods, externalities, education, welfare programs, Social Security and health care. On the tax side, we will build a framework for tax analysis, and then apply this framework to the personal income tax, the corporation income tax, and other U.S. taxes. COURSE OBJECTIVES: 1. To understand the economic rationale for government involvement in a market economy. 2. To learn about the major sources and uses of revenue in the United States fiscal system. 3. To develop your ability to analyze the equity and efficiency effects of government spending and taxation programs. 4. To learn how economic principles can be applied in an analysis of political decision-making. 5. To understand the...
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...|[pic] |Course Syllabus | | |Axia College/College of Humanities | | |FP/101 Version 4 | | |Foundations of Personal Finance | Copyright © 2011, 2010, 2009 by University of Phoenix. All rights reserved. Course Description This course provides an overview of the elements necessary for effective personal financial planning and the opportunity to apply the techniques and strategies essential to this understanding. Primary areas of study include creating and managing a personal budget, understanding and paying taxes, working with financial institutions, wise use of credit cards and consumer loans, financing automobiles and homes, and the use of insurance for protecting one’s family and property. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the...
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...financing automobiles and homes, and the use of insurance for protecting one’s family and property. WEEK 1 - TOPIC 1: PERSONAL FINANCIAL PLANNING Objectives List the five steps in the personal financial planning process. Summarize what influences personal financial planning. Identify parts of a financial plan. Materials READING: Read Ch. 1 of Personal finance - Personal Financial Planning in Action: Developing a Personal Financial Plan. SUPPLEMENT: Appendix A: How to Install Quick Time Movie Player SUPPLEMENT: Appendix B: Personal Financial Planning Worksheet WEB LINK: Decision to Own a Home vs. Rent Video SUPPLEMENT: Video Transcript - Decision to Own a Home vs. Rent Assessment Please see instructor's syllabus for details on assignments. Participation/Discussion Questions WEEK 2 - TOPIC 1: MONEY MANAGEMENT Objectives Describe how to organize and prepare personal financial statements. Identify cash management products and services. Complete a personal cash flow statement. Materials READING: Read Ch. 2 of Personal finance - Money Management Strategy and Skills: Putting Your Financial House in Order. READING: Read Ch. 4 of Personal finance - Managing Your Cash and Savings: Cash Management Strategies. WEB LINK: Toolwire® Student Resources Page TOOLWIRE: Toolwire® Learnscape: Understanding Effective Money Management SUPPLEMENT: Mary's Balance Sheet WEB LINK: Home...
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...|Define and describe |New | |3-3 |Statement of activities format |Describe |3-2 revised | |3-4 |Program and general revenue |Distinguish |Same | |3-5 |Extraordinary compared with special items |Define and compare |3-5 expanded | |3-6 |Expenditure classifications—examples |Classify |Same | |3-7 |Temporary and permanent accounts |Distinguish |3-7 revised | |3-8 |Revenue classifications...
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...------------------------------------------------- Course Syllabus FP/101 Foundations of Personal Finance Course Start Date: 08/13/12 Course End Date: 10/14/12 Please print a copy of this syllabus for handy reference. Whenever there is a question about what assignments are due, please remember this syllabus is considered the ruling document. Copyright Copyright ©2010, 2009 by University of Phoenix. All rights reserved. University of Phoenix© is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft©, Windows©, and Windows NT© are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix© editorial standards and practices. Facilitator Information Carol Ward, MBA, DBA cward123@email.phoenix.edu (University of Phoenix) ciward123@yahoo.com (Personal) (901) 270-9434 (Central Standard Time) Facilitator Availability Dr. Ward is available from 9 a.m.-9 p.m. Central Time on most days, but I attempt to reserve Sunday for my family. During the week, I am online most of the time during that 9 a.m.-9 p.m. time...
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...FINA 351 – Managerial Finance, Chapter 13, Capital Structure, Notes 1. What is Capital Structure (CS)? It is the mix of debt and equity on the balance sheet. The basic capital structure question is: How much debt is right for this company? Contrary to what your momma may have taught you, according to the so-called finance experts too little debt may be just as costly as too much debt, because debt financing is usually the cheapest source. This is why it is often said that debt is a two-edged sword: too much is bad but so is too little. 2. Why is CS important? It directly impacts the cost of capital and therefore directly affects the value and profitability of the company. For example, at one time Hershey Foods determined that its cost of capital was 13%, significantly more than the cost of capital of its competitors, which put Hershey at a significant competitive disadvantage. It might have even put Hershey out of business if steps were not taken to address this issue. 3. Can a company choose its CS? If so, how? Yes, within reasonable limits. If it wants more equity, the company can issue stock and pay off debt. If it wants more debt, it can borrow and with the proceeds buy back stock. The last step was what Hershey Foods did to raise its debt/equity ratio and thereby reduce its cost of capital from 13% to 11%. Because of aggressive cost of capital management, Hershey was able to reduce its WACC from being one of the highest in its industry to being one...
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...included on the quiz and exam Chapter 1 * Definition of a Tax * Standards for evaluating a tax (Adam Smith) * Tax Rate Structures – define, identify, and calculate (marginal, average, effective, proportional, progressive, regressive) * Major types of US taxes – general level * You do not need to know how to calculate SS/employment tax (but do need to know how to calculate how much SS income is taxable – CH 3) * Sources of Federal Income Tax Law – general level * Income tax terminology * General income tax filing requirements and IRS procedure – know at a general level * Individual Income Tax Calculation – know the formula (p. 1-26) and how to calculate tax using the tax rate schedule (p. 1-22) – IMPORTANT!! * For vs. From Deductions – general level * Know how to use standard deduction vs. itemized deductions * Know how to use personal and dependency exemptions * Tax Planning – understand basics * You do not need to be able to do present value calculations (p. 1-30) but should understand this concept * Understand tax evasion vs. avoidance and basic ethical considerations in tax practice Chapter 2 * Understand generally how concepts, constructs and doctrines fit together * Understand, identify, and apply all of the concepts, constructs and doctrines * Tax Benefit Rule – understand when and how much income to include when a state tax refund is received (hint – always consider whether they itemized...
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...U.S. History U.S. History Unit One Pre-Columbian & Colonial America (Ch. 1-5) * Years- 33,000 B.C.-1763 * Presidents-none * Foreign Policies/Key Events: People migrated from Eurasia across Beringia to Alaska and spread south to the Americas. * Domestic Policies/Key Events 1) Various European settlements were established in the Americas. 2) 16th century, Europeans brougth new staples to the Americas and vice-versa. 3) Spanish exploreres were first Europeans to arrive with Christopher Columbus' second expedition to Puerto Rico on November 19, 1493. 4) First successful English colony was established in 1607, on the James River at Jamestown. 5) The Pilgrims established at Plymouth Colony. 6) Mayflower Compact was established for people to govern themselves. 7) Colonies characterized by religious diversity many congregatinalists in the Middle colonies. 8) First Great Awakening in the 1740s led by Jonathan Edwards. 9) French and Indian War (1754-1763) was a watershed event in the political development of the colonies. 10) Stamp Acts of 1765 was enforced and imposed a tax on the colonies following the Seven Years War. 11) Boston Tea Party in 1773 protest against British taxes and government. * Key Court Cases: Witchcraft trials (1480-1750) executions of innocent people that were accused of being witches or involving with any witchcraft. * Important Documents 1) Mayflower...
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...U.S. History U.S. History Unit One Pre-Columbian & Colonial America (Ch. 1-5) * Years- 33,000 B.C.-1763 * Presidents-none * Foreign Policies/Key Events: People migrated from Eurasia across Beringia to Alaska and spread south to the Americas. * Domestic Policies/Key Events 1) Various European settlements were established in the Americas. 2) 16th century, Europeans brougth new staples to the Americas and vice-versa. 3) Spanish exploreres were first Europeans to arrive with Christopher Columbus' second expedition to Puerto Rico on November 19, 1493. 4) First successful English colony was established in 1607, on the James River at Jamestown. 5) The Pilgrims established at Plymouth Colony. 6) Mayflower Compact was established for people to govern themselves. 7) Colonies characterized by religious diversity many congregatinalists in the Middle colonies. 8) First Great Awakening in the 1740s led by Jonathan Edwards. 9) French and Indian War (1754-1763) was a watershed event in the political development of the colonies. 10) Stamp Acts of 1765 was enforced and imposed a tax on the colonies following the Seven Years War. 11) Boston Tea Party in 1773 protest against British taxes and government. * Key Court Cases: Witchcraft trials (1480-1750) executions of innocent people that were accused of being witches or involving with any witchcraft. * Important Documents 1) Mayflower Compact ...
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...continually called on to test the constitutionality of federal and state legislation and of court decisions. (Ch.8, p.13) At the lowest level of jurisdiction are the federal magistrates, formerly called United States commissioners. The magistrates not only have trial jurisdiction over minor federal offenses, but they also have the important task of issuing warrants of arrest or search warrants to federal law enforcement offi cers, such as agents of the Federal Bureau of Investigation and the Drug Enforcement Administration. Congress expanded the power of the federal magistrates by allowing them to “undertake virtually any task performed by district judges, except for felony trials and sentencing. (Ch.8, p.13) The trial courts in the federal system, called United States district courts , have both civil and criminal jurisdiction. (Ch.8, p.13) An appeal of a conviction in a federal district court is heard by a United States circuit court of appeal . The last handles appeals that originate anywhere in the country when they pertain to such matters as patents and copyrights, some tax disputes, and suits against the federal government. (Ch.8, p.14) The U nited States Supreme Court is the ultimate authority in interpreting the Constitution as it applies to both federal and state law. It also is the fi nal authority in interpreting federal law. (Ch.8, p.15) Almost every town or city has a court with a justice of the peace , magistrate, or judge, who is...
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