301, Estate Planning and Taxation Online, Fall, 2013 Instructor: Bruce K. Grace, Ph.D., CFA, CFP® Office: 222C Combs Building Phone: 783-2357 E-mail: b.grace@morehead-st.edu Office Hours: MWF1 - 10:15 - 1:30 and by appointment. Required text: Dalton and Langdon’s Estate Planning, 6th ed. Catalog Description: Prerequisites: FIN 360. Covers estate planning and taxation issues such as documentation, legal ownership to property, trusts, the federal gift tax, probate and asset
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College of Business Administration Department of Accountancy Accounting 351 Federal Tax II Fall 2014 Instructor: Simon R. Pearlman Phone: (562) 985-4578 E-Mail: sy.pearlman@csulb.edu Office: CBA 400 Office Hours: Mondays and Wednesdays - 2:00 p. m. – 3:00 p.m. / Wednesdays 5:00 p.m. 6:00 p.m. Others by appointment Text: Smith, Raabe, Maloney, Taxation of Business Entities, South-Western, 2015 edition Class Times: 12:00 p.m.-- 1:50 p.m.-Mondays
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The Federal gift tax is imposed on the right to transfer property by one person (the donor) to another (the donee) for less than full and adequate consideration. The tax is payable by the donor. If the donor fails to pay the tax when due, the donee may be held liable for the tax to the extent of the value of the property received Since the donor cannot pay or cannot be located, as in the this case, the IRS can pursue the donees for the tax under the doctrine of transferee liability. For individual
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distributions Corporation versus proprietorship: treatment of losses Corporation versus partnership: treatment of operating income and STCG Corporation versus LLC and S corporation Closely held corporations: shareholder transactions Double taxation LLCs: single member LLCs: multi-owner default rule Accounting periods: general rule and fiscal year limitation Accounting periods: PSC fiscal year limitation Accounting methods: limitation on cash method Accounting methods: limitation on
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The Final Paper on Tax Return Paper Assignment Linda Goethe ACC 401: Federal Income Taxes I Instructor: Arlene Rivero July 30, 2012 I used Form 1040 because Appendix A called for a Married filing jointly return, with credits and Itemized Deductions. This return was a tad tricky until I realized that the W2 information required me to utilized Box 12 for the IRA (k) contribution (payroll deductions) and Box 14 for the Healthcare costs (payroll deductions). Also; tricky situation occurred
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Taxation 1 – Assignment 1 Q1) 1-7 Net Income for Tax Purposes Case A: Income Under ITA 3(a) Employment Income $46,200 Business Income $13,500 Property Loss (see ITA 3(d) below) NIL $59,700 Income Under ITA 3(b) Taxable Capital Gains $14,320 Allowable Capital Losses ($23,460) NIL Balance from ITA 3(a) And (b) $59,700 Subdivision e deductions ($4,800) Balance under ITA 3(c) $54,900 Deduction Under ITA 3(d): Property Loss
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ABSTRACT It is important in any developing country that government must play a major role in spurring economic growth, this stands that government must have the necessary tools in her kit to achieve this role. This attracted the attention of the researcher to evaluate the Personal Income Tax in Enugu state, taking the Enugu state Board of Internal Revenue as a case study.The primary objective of this research work is to investigate the mechanism, policies and other factors being applied by Enugu
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Vested rights § Promissory notes (matured or not) § Insurance policies § Saleable (commercial) leasehold interest § Interest in rented property · By either tenants in common or one-half community. § Federal and State bonds are includable despite their exemption from other taxation either by their express terms or by law · REG 20.2033 o Descendant hold only legal title (trustee) under enforceable oral or written does not possess an interest taxable under section 2033. § Ex: agent
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Midterm 10.20.12 Anti-Stuffing and Net Operating Loss Anti-Stuffing is actually something that I have been whiteness to on a few occasions with an old business partner that I had a acquired. Unfortunately the partnership did not succeed, so I am going to share my love for business and what I had found out about Anti-Stuffing, but not limited to Net Operating Loss companies and how this affects them. Before 1986, the history of capital gain tax came back to one court ruling. This case
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WEEK 1 Web 1-15: The primary objective of the federal income tax law is to raise revenue. What are its secondary objectives? The secondary objectives of the federal income tax law include economic and social objectives. It also encourages certain activities and industries. Such activities include research in expenses and special tax credits, as well as special incentives provided to the oil and gas industries. It’s used fiscally to stimulate private investment, reduce unemployment, and reduce
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