Essays on Taxpayer

Undocumented immigrants have become a popular topic in the United States. When discussing them, there are many concerns surrounding allowing them into the country, how long they will stay, and what their presence here means for legal citizens. One such topic concerns a driver’s license and whether or not undocumented immigrants should be allowed to receive one. Many argue it would be better to allow undocumented immigrants to have a driver’s license, stating receiving a license is of no true consequence today compared to instances when terrorists were able to obtain one. While this may be true, ...

Now the most advanced integration Union is the European Union, the main forerunner of which European economic community was created in 1957 by the Task that stands today in the EU during the agenda - formation and strengthening of economic, monetary and political Union of member countries. Integration in the EU affects almost all aspects of relations between member States of the European Union - politics, Economics, social and cultural sphere. The relevance of the study due to the importance and special role of tax harmonization in the framework of deepening European economic integration, the development of the unified ...

Abstract

The issue of how criminals are sentenced and treated is a problem within in the United States and around the world. The sentence given for a crime that is committed is not always equal from one state or region to another. Diversion programs are therefore a method that have been created to offer a second chance to first-time offenders and youthful offenders that are deemed worthy of a second chance. These programs are designed to be supervised and carried out by certified and experienced professionals at the behest of the court, and are meant to curb any and all ...

Inside a mind of a psychopath: Synopsis

a) Discuss any findings or conclusions in which you agree or disagree I also agree that there is a need to develop modern methods of treatment and intervention aimed at addressing the emotional and mental makeup of psychopaths. It is interesting to find out that many experts and psychiatrists believed that psychopaths were beyond help. However, using science and technology it is possible to start understanding the causes of the emotional deficiencies noted, as well as, leading to new treatments, medication, and behavioral therapy. As mentioned in the article, one does not need to feel sorry for psychopaths to ...

Question one

When the items of the audit are unpaired, the ordinary operational course of the IRS will issue a 30-day letter of the IRS findings (Rubin, 2010). This letter will ask the taxpayer to agree with the IRS results. In such a scenario, the taxpayer can either agree or not, and in the IRS will send a notice of deficiency. Therefore, the 30-day letter acts as the ticket of taxpayers to the office of appeal to get more favorable findings as compared to the level of the agent. That is the appeals officers can consider the likelihood of settlements of ...

The United States Congressional Budget Office (CBO) projected that in 2016, the budget deficit would increase to $544 billion after six years of gradual decrease. The same report stated that American taxpayers were expected to pay a total of $3.38 billion dollars in 2016. Both the deficit and the amount of money coming from taxpayers were projected to increase in the coming years. Given these startling facts, it is fair to wonder where the federal government allocates the billions of dollars in revenue it receives every year. Significant policy areas like the military and the healthcare sector have garnered ...

Background Introduction

The paper explores four court cases where IRS has won two of these cases and the taxpayers an equal two cases. The main area of focus is on gains, losses and investments resulting directly or indirectly from these cases. The cases have been examined to establish the elements that influenced the decisions made. Also, the quality of the decisions made has also been discussed as per the tax returns laws and the IRS implementation of the same. Existing studies show that the agency has more likelihood of winning in cases where it has been pitted against the taxpayers in ...

Analysis Essay 2

Overview of the Server-Side and Client-side Hardware and Software Requirements of the Defense Travel system The Department of Defense has many systems that enable it to streamline the delivery of its mandate. One of the systems is the Defense Travel System. This is a system that was developed to help the Department of Defense streamline and provide automation to its travel processes, offer support in meeting the travel requirements, and also as a cost cutting measure. The automation provided by the Defense Travel System allows the officers in the Department of Defense to perform most of the administrative tasks ...

1. United States v. Cesarini, 296 F.Supp. 3 (N.D. Ohio 1969), is a historical case that decided by United State District Court, the court ruled that property for treasure trove included in gross income for the tax year when realized. 2. § 1.74-1 Prizes and awards. b) Excluded from gross income. Section 74(b) it happens when such prize or award was made solely in recognition of achievements in the past of the recipient in religious, charitable, literary, educational, artistic, or civic fields (Arkin) 3. Yes. It's not common within the IRS, section 7430 of the Internal Revenue Code. IRC ...

MEMORANDUM

Dear Sir, This memo is written to address the problems faced by the Big Corp. as a result of the bankruptcy of its subsidiary Sub Corp. the memo discuss the different statutory and regulatory matters applicable in this matter. It also recommends the solution on whether the dividends paid by the company should be treated as a return on capital or ordinary dividends. At first, it is important to understand the basic difference between preferred and ordinary stocks. Preferred shareholders have a preferred claim to the earnings and profits of the company. When the company has excessive cash and ...

Find and properly cite a case in which the taxpayer and the IRS disagreed as to whether the taxpayer was bound by the terms of a closing agreement entered into in connection with a prior audit.  Answer: United States v Booker 543 US 220 (2005) Find and properly cite a case decided after the year 2000 in which a Big 4 accounting firm litigated the issue of whether either (i) its work papers or (ii) its communications with a client were protected from discovery by the IRS (i.e., the IRS had issued a summons to the accounting firm). Also ...

Introduction

Practically, a tax is the most important instrument of fiscal policy and arguably, the most important aspect of public policy. For starters, tax influences the amount of money a government has to spend, as well as the amount the government needs to borrow in case of a difference between tax receipts and planned government expenditure (Pragyandeepa, 2015). The scarcity of resources, including the limits on the amount of taxes collected, influences the choices of spending by a government in the provision of services and public goods. In that vein, governments are always under pressure to have a sound prioritization ...

In our day to day life, it is easy to see individuals who have found ways to cheat the system, and claim social welfare sources that are above and beyond that which they are entitled to, or who find ways to misappropriate the funds that they are given, and we are incensed by the waste of public dollars. However, in contrast we rarely get to see the results of corporate welfare, provided through government subsidies, or how the use of those funds are abused. In reality, though public disgust of corporate subsidies is far less prominent, they cost tax ...

The British monarchy should be abolished:

The Royals interfere in politics behind closed doors which is not good for democracy . The monarchy entrenches elitism and the class system. The king or queen only acts as a head of state but he/she does not have any political power. He/she only signs the legislation but does not decide re. the passing of laws.

The king or queen is not an elected head of state.

The cost of maintaining the monarchy is exorbitant, costing approximately £33.3 million in 2013. The lifestyle of the monarchy is very expensive to maintain and the ordinary taxpayer pays for it. The monarchy is outdated, still promoting gender inequality as evidenced by the rule ...

Immigration policy in the U.S has evolved over the years, yet it has failed to address pertinent issues with regard to immigration, especially illegal immigration, which has continued to rise; a new policy approach would be necessary if the problems bedeviling immigration are to be addressed. America’s immigration policy has over the decades been a major public policy issue, especially during the peaks of election cycles. The immigration policy has by no means been harmonized in the country’s history. As a testament to this, the purview of immigration policy has more often than not been left to ...

One of the most controversial pieces of American legislation in recent years has been the Dream Act, or the Development, Relief and Education for Alien Minors Act. The purpose of this law is to allow families to stay together in the United States, rather than deporting some on the basis of citizenship and splitting up families, and to give immigrants the right to the same tuition standards as their citizen peers. This law did not pass on the federal level but is in existence in some form in 20 states (USA Today 2015). Indeed some universities have decided to ...

There are 3 types of tax credits that are created for low-income homeowners: Mortgage Interest Credit, Resident Efficiency Property Credit, and Low-Income Housing Credits.

Mortgage Interest Credit

The buyer of a new home whose income is below the middle income is eligible for mortgage interest tax credit. The credit is oriented to help the individuals with lower income to afford their own home. A tax credit is allowed for every single year for 40% of the home mortgage interest that is paid by the homeowner. If the mortgage loan is equal or smaller than the amount that is shown on the MCC, ...

Tax practitioners should observe the highest level of ethical requirements since they are the final individuals who determine the amount of tax the taxpayer will pay to the IRS. They should possess the necessary skills and professionalism that a tax practitioner requires carrying out their functions. The following are some of the ethical guidelines which should be observed by tax practitioners in performing their duties.

Conforming to legal requirements

All the tax practitioners should follow the legal requirements put in place by the IRS during the preparation of tax returns. They should ensure that both their customers and themselves comply with the necessary ...

Introduction

The taxation system is the largest contributor when it comes to government revenue. There are five basic principles when it comes to the idea of taxation. These principles are: 1) to raise revenue, 2) reprice certain goods and services (tobacco, alcohol, etc.) to meet social objective, 3) income and wealth redistribution, 4) raise representation within the democratic process, and 5) to reorganize the economy (Murphy, 2009, p. 211). It is a firm argument that all of these principles must be in place in order for the concept of taxation to work.

The meaning and importance of equity (fairness) in UK taxation

In 1776, Adam Smith introduced the principles of ...

The 2012 Presidential Campaign was a minefield of disparaging rhetoric between candidates Mitt Romney and President Barack Obama. However, the most derogatory remarks were leveled at the American population itself, especially by Romney and other conservative Republican leaders such as his then-running mate, Senator Paul Ryan. Ryan has used caustic rhetoric directed towards struggling Americans, characterizing them as lazy, entitled welfare recipients. However, his statements are based on falsehoods and calculated distortions which defend the mega-rich of the US, the financial elite who have capitalized off their own version of corporate welfare. Nearly every community in the US has ...

In recent years the American economy was able to recover from the deep financial crisis of 2007-2008. A relatively quick recovery was partly an outcome of the American Recovery and Reinvestment Act of 2009. It was a stimulus plan that helped to save the jobs and provided the relief programs for those who suffered the most from the crisis. For example, GM received more than $20 billion of credit money from the American government in order to stay afloat and implement the structural changes (Massad, 2011). In 2012 the American Taxpayer Relief Act was passed and helped to balance ...

Executive Summary

While the allocation of tax dollars is a constant debate amongst Americans, regardless of legislative positions, the issue of welfare seems to be a particularly complicated one. To that end, many states (including yours) have instituted (or tried to institute) laws requiring welfare recipients to undergo mandatory drug tests. While this is an admirable idea in concept, the social and economic effects far outweigh any sense of moral righteousness one might feel for keeping welfare recipients in their place, as well as deals with unconstitutional ideas of unreasonable searches. To that end, I humbly propose that these programs be ...

The ‘No Child Left behind Act’ of 2001 has had various challenges to the system of education. Below are some of the five issues raised and the solutions thereof.

Exerting Unnecessary Pressure on Younger Children

The ‘No Child Left Behind’ policy requires that children be able to speak and communicate fluently by the time they are graduating from their third grade. This implies that the necessary educational materials and pressure has to be exerted on them to ensure that they have mastered their spoken language. A third grader is a young child who is still setting foundations on many other aspects of her life. Although language ...

Based on the concept of legitimization, what makes organizations such as Wal-Mart and McDonald’s legitimate?

Wal-Mart and McDonalds are among the big organizations which have gone greater heights in putting their employees on public assistance. McDonalds has McResource line that advocates that the full time employees sign up for food stamps and welfare. Wal-Mart, the nation’s largest private sector employer has the largest group of Medicaid recipients. The general argument is that these organizations are bigger, richer and hence less deserving of taxpayer subsidies. However, both McDonalds and Wal-Mart are engaging in perfectly legal behavior. Though seemingly taking advantage of the taxpayer, they are operating within the law. They draw their legitimacy through ...

Introduction

Question 1

The governments contented that its claim for Atlantic Trading Company income taxes ,was claimed to be entitled to first priority rule as an administrative expense instead of the unsecured tax claim since the said taxes of the state were not just any tax but tax specified in the 507(a)(7)(A)(iii) pursuant to 503 (b) (1)(B)(i). The government failed to file the immediate proof of the claim. Since the company made profits in which it was to remit some percentage to the government, the government was not supposed to make administrative expenses on the company. The ...

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The issue of marijuana legalization is one that has weighed on the minds of legislators and marijuana supporters ever since its prohibition. There are many heated arguments on one side of the other, and the issue is extremely controversial. Some say that it is an immoral drug that leads people to a life of crime; others say that marijuana can be medically beneficial to you, and that its prohibition brings about greater crime. In this essay, the legalization of marijuana will be supported, as marijuana does not conclusively cause any harmful effects, and it can severely diminish law enforcement expenses.

...

Part A: Please pick the criteria listed below, define it, and indicate how it applies to this proposal. Added comments, experiences, and a lot of interaction are highly encouraged.

- Horizontal Equity

Income tax systems have changed and developed so much in the past 200 years that there are already a lot of ways how an individual or a group of individuals could be taxed or levied by the government. Before defining what horizontal equity is, it would be beneficial to know what a basic equity is. Equity or what is not so popularly known as economic quality, is actually a large umbrella of terms that refers ...

Many of the financial professions bring ethical dilemmas; it is this reason why M.B.A. graduates must sign an oath on business ethics (Steinborn 2012). The accounting profession involves several ethical dilemmas, not the least of which is deciding when to report errors on a tax return. If one is filling out one’s own tax return and makes a mistake, there is no legal requirement for the taxpayer to submit an amended return and send in the additional payment. While the relevant regulation says that the taxpayer “should” make the correction (Treas. Reg. §§ 1.451-1(a) and 1.461-1(a)(3)), the Supreme Court has ...

1. The American Civil Rights Act amendment act of 1964 emphasized the role of quality education as key to the realization of the American dream. It is not by coincidence that the United States has achieved one of the highest levels of high school graduation rates in the developed world. The United States education system has not only been formidable in its focus on holistic education that includes pursuit of talents and academics at the same time, but has also received accolades for its universality. However, the education system has not escaped controversy regarding quality and mode of operandi. ...

MEMORANDUM

Re:

Introduction

I have keenly assessed the memo recounting Sylvia Martinez’s current business activities. Sylvia operates a chain of dry cleaning stores within the Houston metro area. She is currently planning to do major renovations to two out of her five locations. Sylvia married Polino who is later employed by the dry cleaning business and pays the cost of Polino’s polo playing. She uses Polino’s polo playing as an opportunity to advertise her dry cleaning business by tagging the business logo on Polino’s polo uniforms and sandles. Sylvia also sells cleaning products alongside dry cleaning services. Sylvia ...

User fees are very important fees to the local government. They form the largest portion of the total percentage revenues collected by local authorities. There are different kinds of user fees depending on the purpose they are collected. There are four main user fees which are the highest of other user fees. In the Alabama state, these fees are; government entities and tax exempt user fees, chief counsel user fees, advance art determination fees and the installment agreement fees.

The government entity and tax exempt user fees are levied on organizations that exempt and Employee Plans. The fees are ...

Define collective bargaining (NBA lockout 2011) arguments from both sides (NBA owners and NBA players) what the latest deal means, when it will expire

Introduction

Business and sports operations are based on proper comprehension of the legal facets. An organizational investment into the comprehension and inculcation of the legal facets is critical towards ensuring that the prospects of litigation do not prevail. An individual or sports organization that maintains competency regarding the legal facets is bound to avoid the prospects of law suits that prevail as a result of non-comprehension of the legal facets of business operations. In regards to the ...

Business

VENTURA COUNTY TRANSPORTATION COMMISSION (VCTC) FISCAL YEAR 2015/2016 VENTURA COUNTY TRANSPORTATION COMMISSION (VCTC) FISCAL YEAR 2015/2016

The Ventura County Transportation Commission (VCTC) or generally the commission was developed by the Senate Bill in 1880 under Chapter 1136 of the well known Public Utilities Code. It was developed in order to counter the defects of the previous body and for this case was identified as the major successor agency to the previous that existed Ventura County Association of Governments (VCAG). The body was succeeded under the conditions of assuming all the overlying assets and liabilities that were overlying. The ...

Executive Summary

Australians from all kinds of different backgrounds have started to understand that the country's urban communities can't manage debauched development and its great environmental aspects. Diminishing water supplies, coming up short nourishment dishes, expanded vitality expenses, more extreme bushfires, serious tempests, flooding, sea disintegration, rising transport costs, lodging deficiencies and natural contamination are currently and unfortunately every day news. Australia's urban areas may have come to their biological limits: another model for arranging the land we live is required. Understanding the common cycles of the city is pretty much as imperative as arranging our urban areas upon the information ...

Introduction

Americans through different activities at different times have the obligation to contribute to public spending, which means paying taxes. These are one of the sources of income of the country and are extremely important for the national economy. Individuals can provide services, conduct business, lease property, work for wages, among others. Depending on the activity performed and their average earnings belong to a specific tax regime. The physical development of its actions people need to meet their tax obligations. For that, the federal department announced the applicable tax regimes according to the activities and proceeds, its implications, privileges and how ...

Alimony is a type of monetary payment that is made by spouses to each other or made by one partner to the other as a result of divorce or separation (Doskow, 2015). It is also crucial to note that alimony is also known as spousal maintenance or spousal support. The main objective of alimony is to aid the low-earning marriage partner to have the same standards of living as he or she used to have after separation. Alimony is a tax deductible expense that one can take advantage in order to reduce the tax payable at the end of a given period of ...

(Institute Name)

Introduction

Capital Punishment, also known as a Death Penalty, is a legal process by which a person accused of a crime is put to death. The term is derived from the Latin word “capitalis”, meaning beheading. Widely regarded as one of the most controversial topics of the 21st century, this paper focuses on the historical, moral and social aspects of the use of capital punishment. It covers all arguments both in favor of and against this form of punishment.

Historical Significance

Capital Punishment and Death Penalty Law is a centuries old phenomenon. The first death penalty laws were established in Eighth Century B.C for 25 ...

- Historical Documents In general, terms, the U.S Constitution is the country’s supreme law. It was adopted on 17 September 1787. However, it was not until 1789 that this constitution was ratified. During this time, it was ratified by only 11 states. Though authored by several personalities, Governor Morris who hailed from Pennsylvania has been credited as the man who chaired the committee that drafted the constitution. Other members of the committee included John Dickinson, Thomas Jefferson, and James Madison among others (Ritchie et al. 56). The Constitution was created for a number of purposes. Of major importance, ...

Law

There have been proposals to divide the juvenile courts in two divisions which may result to both advantages and disadvantages to the taxpayer and the youth offender. Under this proposed system, the offender shall either be tried under the juvenile delinquency court and there are those who will be tried under the status offender court. As a general rule, majority of the youth offenders are charged for delinquency cases have been classified as status offenders. One of the benefits or advantages of dividing the juvenile system in two divisions will redound to the benefit of the status offenders since ...

Individual Income Tax (North Carolina)

Individual Income Tax (North Carolina) Personal income tax or individual income tax refers to the levied tax on personal income. Here, individual refers to a person, non-juristic body of person, an ordinary person or an individual estate. For an individual to be liable for personal income tax, one has to compute file tax returns, compute tax liability as well as pay the indicated tax as according to the calendar of the year. The individual tax income differs in different states with each state having its own rights of running the tax provided by its residents. This research would look ...

Management

IMF gives a warning that much efforts is needed by banks to lower their risks The article is talks about the alerts made by that the International Monetary Fund for banks to come up with solutions to their own problems. It is said that, “when you fail to plain, you plan to fail.” The article’s author is Douwe Miedema and the source is Bloomberg BusinessWeek newspaper. In the paper below, the crisis of bankruptcy in big banks is discussed and their over dependency towards the government. The paper goes further to discuss the improper handling of taxpayers’ money ...

Executive Action Plan for Immigration Reform

The immigration laws in the United States are in need of an update. This country is originally made up of immigrants, and immigrants today contribute to our economy. Citizens of the United States have varying views on immigration and the laws that should or should not be upheld. Being an immigrant myself, I feel that immigration is of a large to concern to myself and my family. I would not have been able to come here, receive an education and start a family if the immigration laws were stricter. The Republican Party is upset at President Barack Obama for pushing for a ...

The most appropriate response for the people in the book, Politics in the Trenches, roots in the perceptions of the people. As the saying goes, the spoken word happens, and if it does not happen, it is bound to happen. Indeed the perception of the citizens about politicians is corrupted by the stereotyping of all politicians (Kirkptrick & Lawrence, 81). The stereotypical behaviour happens when a person changes in behaviour and recognition of people, who vote. The stereotyping of politicians ranges from different reasons that the voters validate to justify the reason for running for a political office. The reason for ...

RE:

FACTS:

Carla is an engineer working for Synder Corporation, and she travels a lot for business purposes. The last business trip was to Indianapolis where she lost her emerald bracelet in a hotel room where she had been accommodated. The bracelet was lost in a mysterious way in that Carla was sure that she had packed the bracelet and saw it in the jewelry box as she was unpacking her clothes on her arrival at the hotel on Sunday afternoon. She found out that the bracelet was missing in the morning of the next day and reported to the hotel security of ...

Regi’s Stock Sale Dilemma

Regi Philman is in a dilemma whether he should use the specific identification method or the FIFO method (first in first out) to calculate his tax returns. On the audit of Regi’s 2010 return, the IRS has taken the conclusion under Reg. Section 1.1012-1(c) (3) that he should report the sale using FIFO method of his stake in Rippa shares, resulting in a gain of $140,000. Research Section 1.1012-1(c)(3)(II)(b) of the IRS regulations states: “ Where part of the stock represented by a one certificate is sold directly by the taxpayer to the purchaser, an adequate ...

- In Sec 1031 of Internal Revenue Code, what type of stocks are not included as stock for purposes of Sec 1031 like kind exchanges? The Internal Revenue Code subsection 1031 stipulates that you have to pay tax whenever you sell an investment property or business and gain from it. Tax is paid on the gain made at the time of sale. Under this section, a real property owner can decide to reinvest the proceeds from the sell in ownership of a like-kind property and defer the capital gain taxes. However, certain types of stocks are specifically excluded from Sec. ...

Introduction & Background

The Management Consultancy industry was estimated to be worth upwards of £44 billion annually by the close of August 2014, and is expected to grow by a further 2.6% over the next year. It comprises more than 121,801 businesses that employ 333,020 people, with services that range from IT consulting, marketing, organizational and strategic planning, business process planning and human resources . The industry, which seeks to create value by solving problems, optimizing growth and improving business performance, traces its roots to the beginning of the 20th century. It emerged in the wake of the Wall Street crash, which ...

Electricvehicles (EV) haverevolutionizedtravel in thatthey are viewed as a solution to economicand environmental problemsrelated to dependence on oilandthepollution that is brought about by consumptionandcombustion of fuel by vehicles.Essentially, as oilreservescontinue to diminishoilpricesriseand consequently transportation costs rise as well. Other than theeconomicimplication of costescalationoilusedforfuelingvehiclesresults in theemission of Green House Gases (GHGs) which eventuallyresults in environmental degradation (Office of Energy Development). Thispaperanalysespositiveandnegativeimplications of theuse of electricvehicles on theeconomyandtheenvironment.The Prime function of EVs is to enhanceefficiencyand effectiveness of transportation. To thisend EVs havebeendeveloped to be fuelefficientso as to save on costs of transportation.Moreover, EVs havebeendevelopedso as to reducedependence on fuel based modes of ...

The Public Broadcasting Service is a non-profit television network that broadcast in America. The network’s headquarters is in Virginia and has three hundred and fifty-four member television stations that have a collective ownership. The Public Broadcasting Service is regarded as one of the most prominent television programs provider especially to public television channels in United States of America. However, it should be noted that Public Broadcasting Service is not responsible for all the data and programming activities carried out on public television stations (Handman, 2002). Recently, debates have arisen on the role of government in Public Broadcasting Service and whether ...

CDS (Credit Default Swaps) are binding contracts that provide a guarantee against any form of default against corporate debt, mortgage-backed securities and municipal bonds. CDS is a financial swap agreement that the buyer of the swap will be compensated by the seller in case the debtor defaults the loan or any other credit event occurs. The seller receives payments (CDS fee) from the buyer. In case the loan defaults, the buyer of the credit default swap receives a payoff. The compensation received by the buyer is usually equal to the value of the loan. Possession of the loan is then taken by ...

Introduction

In the second half of XX century a trend towards scaling up and strengthening the role of the state in the economic sphere. At the same time it is recognized that the highest efficiency is achieved in a competitive market mechanism. Therefore, the state aims to not adjust the market mechanism, and to create conditions for its free operation, providing a high level of competition. Competition should be wherever possible regulatory influence of the state, and wherever it is needed. Most economists converge in the understanding that the "invisible hand of the market" is required to be supplemented by the "visible hand ...

Tax Research Project 2

Introduction: In 1976, Congress amended the tax law to include Section 280A (Lawyer, 1985) in the Internal Revenue Code. Congress’ reason for the amendment was due to concerns that people were renting out their vacation homes so that they could deduct personal expenses that would not, under normal circumstances, be deductible (Lawyer, 1985). Section 280A required vacation home owners to assign expenses connected with the vacation home either to personal use or rental use. Congress apparently hoped that Section 280A would limit or control the business deductibles for expenses sustained on a vacation home during the tax year when ...

In 2008, the great depression deepened, and congress passed the Troubled Assets Relief Program i.e., TARP. This program has, however, allocated billions of dollars approximately over $700 billion for aiding the emergency loans to the important financial and several others firms of the United States, which are considered as too big to fail. There were many great intentions and motives behind the creation of Troubled Assets Relief Program, but as a matter of fact this program totally failed as it started stealing from the tax-payers dollars. However, some of the noteworthy recipients of the TARP are Goldman Sachs, Citibank, JP ...

Project Planning Paper and Talking Points about the U.S. SB 303 on Welfare

Thesis Statement “It is unfair to disqualify parents from receiving grants and benefits as a result of this bill because this may potentially disrupt the government’s ability to efficiently and productively deliver much needed services to poverty-stricken families, and may also leave families who cannot even afford to send their children to school into deeper financial troubles”

Description of the Stakeholders Involved

- Families Families and their respective members are the ones who would most likely be most affected by the implementation of this bill. We find the implementation ...

Introduction

H&R block is an organization that deals in tax preparation. Richard Bloch and Henry Bloch founded the company, which has its headquarters in Kansas City in the US. Having been founded in 1955, the company boasts of preparing approximately 24.5 million tax returns. However, the scenario has since changed especially since the inception of the electronic filing system. As such, the paper aims at elaborating on how the adoption of tax software and especially the emergence of consumers who are technology savvy have impacted negatively on H&R Block and other similar businesses. Tax filers are shifting to the ...

Introduction3

Memorandum one4 Peaceful tax. 4 Facts 4 Issue. .4 Answer. .4 Analysis..4 Memorandum two..5

Facts5

Issue.5 Answer.. ..6

Analysis6

Assignment 3 .7 Publicly traded partnerships.. 7

Benefits of publicly traded partnerships 7

Summary..8

Resources used.8

Memorandum oneTo: From: RE: Peaceful taxFactsPeaceful is an accrual basis taxpayer that provides funeral services and sell related goods to these services. Owing to the rise in goods and services, customers have found it very difficult to pay their goods conveniently, to the extent that some of these clients have opted for cheaper goods and services ( Larson& Sheaffer, 2011).This move has worked to the disadvantage ...

The essay “Half Baked: UC Berkeley’s Diversity Machine Loses Its Mind Over Cupcakes,” written by Heather MacDonald, is an interesting one when analyzed from the perspective of a progressive mindset. The article works to denounce and laugh off claims that a bake drive created by a Young Republican organization at UC Berkeley was offensive. In essence, MacDonald says that the controversy, in spite of its negative attention, “has nevertheless served one useful function: it has clarified just what Berkeley’s vice chancellor for equity and diversity does for his whopping $194,000 annual salary” (765). This essay is full of flawed ...

U.S. Farm Bill and The Dairy Industry For over eight decades American taxpayers have been subsidizing farmers through a series of complex programs, in the U.S Farm Bill (Snap to Health, par. 3). In 1933, during the Great Depression, Franklin D. Roosevelt passed a bill that supported farmers who suffered from a surplus of harvests and from the drought effects of the Dust Bowl Till this day, the Farm Bill has consistently remained an active part of the agenda of the United States government. Based on research it seems that there are arguments for both sides, i.e. the one who are ...

Abstract

Marijuana is one of the controversial drugs in the world today. Before marijuana is taxed, it should be legalized like any other legal drugs in the world. There are many states and nations that have legalized marijuana and implemented taxation policies, while others have made it an illegal drug. Other people assert that the economic and financial impact of marijuana taxation is not relevant to the economy. . Economically, if marijuana is not taxed then it means that the free market price of legalized marijuana will be too low. Therefore, when the price is low, it means that everyone is ...

The article relates to as how entities both domestic and multinational, used the difference in valuation rules of LIFO and Non-LIFO Inventory Valuation methods for purpose of tax saving as LIFO was used solely for tax reporting purpose which increased their value of Cost of Goods Sold(COGS) and finally with low gross profits, entity had low tax liability and also comments on new tax conformity rule of IRS that puts a restriction of using two inventory methods while preparing financial statements if LIFO is used for tax reporting purpose. IRS has determined that a taxpayer will not violate the ...