1. Who bears the burden of proof in tax court/tax related cases? A: The taxpayer 2. What did the petitioners contend in front of the tax court as to why they didn’t keep any records/acknowledgement of the charitable donations? A: Because taxpayer thinks they made all of their contributions in batches worth less than $250, which would fall into the Sec. 170(f)(8). "Separate contributions of less than $250 are not subject to the requirements of section 3. Why was the tax court skeptical
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Legal, Social, and Economic Environments of Business When a person decides to start up a business of any kind, they have to decide what type of business it is going to be. There are three major types of businesses; sold proprietorship, partnership and corporation (Griffin 2005). Before deciding which the best one for the business is, the owner needs to know what each one is and how it operates. A sole proprietorship is a business that is owned and operated by only one person. Anyone can open
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Corpo 4th batch of cases (1) WESTERN INSTITUTE OF TECHNOLOGY, INC. vs. SALAS Facts: Private respondents, majority and controlling members of the Board of Trustees of Western Institute of Technology, Inc. were acquitted of the crimes of estafa and falsification of public document. The falsification charge was anchored on private respondents submission of the school's income statement for fiscal year 1985-1986 with the Securities and Exchange Commission reflecting therein the disbursement of corporate
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J.E.B. v. Alabama Background and Facts Mother is seeking child support from a man who claims not to be the father of her child. The State of Alabama filed suit on behalf of the Mother. At petitioner’s paternity and child support trial, respondent State removed male jurors by using 9 out of 10 of its peremptory challenges. The trial court empanelled an all-female jury and found petitioner to be the father of the child in question and ordered him to pay child support. The Alabama Court of Civil
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Business Advice !1 Business Advice Business Advice Mr. Owner, you are off to an excellent start. It is pivotal for business owners to compare options to discover which business structure would be most suitable for their needs. Because you are undecided how to finance and whether you will have partners, I compiled a list of the advantages and disadvantages of each business structure for your review. Sole Proprietorship If you decide that you want full control of the business, a sole proprietorship
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person may have the knowledge to run the business, but they need someone else with the finances. In some instances, they may start off as a sole proprietorship, but they change to a partnership in order to expand their company. “A corporation is a legal entity created under state law in the United States with an unending life and limited financial liability to its owners” (Melicher, & Norton, 2014). Corporations have shareholders. There are advantages and disadvantages to each form of business
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The personal liability of third parties for having received or dealt with trust rights or their traceable substitutes which they received in breach of trust is known as recipient liability. Knowing receipt arises where the recipient has some degree of knowledge that the property was received in breach of the trust or following receipt acquired some degree of knowledge that the rights were trust rights and dealth with them as his/her own instead of returning them to the trust. In Re Montagu’s Settlement
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in a limited partnership. Similar to a general partnership, the general partners are liable for the debts and obligations of the partnership, but the limited partners are liable only up to the amount of their investment. A corporation is a separate legal entity organized under the authority of a state. Corporations are organized as either C corporations or subchapter S corporations. A limited liability company (LLC) is defined as a business organization that has grown rapidly throughout the United
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Employment Law and Discrimination Paper Robert Truitt LAW/531 April 11, 2016 Richard Pacheco Employee Law and Discrimination Paper Discrimination happens in the workplace daily. All employees must report discrimination issues ASAP. This essay will analysis a scenario with an application of the elements of this cause of action and then move to the available defenses to the employee and employer while analyzing the potential civil liability of each possible party-defendant.
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Legal Memo: Scenario #6 CRJ 550 Legal Issues in Criminal Justice Administration Catherine Scott Saint Leo University Abstract The following memo describes the events that have taken place in Saint Leo Police Department as it relates to the Sheriff’s findings in Officer Narcissus office computer. It will contain a summary of the Sheriff’s and Officer Narcissus’ actions, as well as their reactions to the other’s stance. As the special assistant to the Sheriff, the author of this compilation
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