"Comprehensive Tax Return Problems" Essays and Research Papers

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Comprehensive Tax Return Problems

Tax Return Position Terrence Bellamy ACC/455 – Corporate Taxation April 15, 2013 John Nadalet Tax Return Position What position should you take on tax return? Decision-making is loosely defined as the cognitive process or reaching or making a certain choice based on physical, mental, and emotional reasoning. (“Define Decision Making”, 2013.) I have found myself making several decision on tax returns every year, some small, and others large and life altering. People can found themselves seriously...

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Tax return

Income Tax Return Assignment You have your own CPA tax practice and you are greeted with new clients: Albert and Jenny Cunningham and their two children. You meet with them and they give you the information shown below. They would like you to prepare their tax return for 2013. They would like to file married filing jointly. NOTE: Reference to the “current tax year” below for the taxpayers, Albert and Jenny, it is for the calendar year 2013. Albert and Jenny Cunningham (both 42 years...

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Tax problem

Homework 1 – Chapter 1 1. In the following independent situations, is the tax position of the tax payer likely to change? Explain why or why not. a) Yes, this is likely to change John’s tax position because of capital gains and losses on the disposition because of property now convert to ordinary income and losses. b) Yes, this is likely to change Theresa’s tax position because now she is self employed and has to deal with the safe harbor of withholdings is lost and new quarterly payments...

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Tax Problem

Internal Revenue Service (99) Name(s) shown on return ▶ Attach Making Work Pay Credit to Form 1040A or 1040. ▶ OMB No. 1545-0074 See separate instructions. Attachment Sequence No. 2010 166 Your social security number Alice Johnson 222-23-3334 CAUTION ! To take the making work pay credit, you must include your social security number (if filing a joint return, the number of either you or your spouse) on your tax return. A social security number does not include an...

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Comprehensive Problem: Sun Microsystems

Comprehensive Problem: Sun Microsystems A complete analysis was conducted on the financial statements and status of Sun Microsystems. After examining the research findings and analysis it is fair to say that evidence determines that Sun Microsystems finances has not been on a steady incline. In fact, it had definitely experienced some highs and lows in its return on investment and stockholders' equity over a four- year evaluation from the duration of 1998 through 2001. In order to get a concise...

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Comprehensive Problem: Sun Microsystems

Running head: COMPREHENSIVE PROBLEM: SUN MICROSYSTEMS   Comprehensive Problem: Sun Microsystems A complete analysis conducted on the financial statements and status of Sun Microsystems exposed key issues determined to be of great import to shareholders. After examining the research findings and analysis, it seems that Sun Microsystems finances have not maintained a steady incline. In fact, it had definitely experienced some highs and lows in its return on investment and stockholders’ equity...

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Philippine Donor's Tax Return

(To be filled up by the BIR ) DLN: Republika ng Pilipinas Kawanihan Kagawaran ng Rentas Internas Pananalapi Donor’s Tax Return 2 Amended Return? Yes No 3 No. of Sheets Attached 4 BIR Form No. 1800 July, 1999 (ENCS) ATC Fill in all applicable spaces. Mark all appropriate boxes with an “X”. 1 Date of Donation (MM/DD/YYYY) D N 0 1 0 Part I Background Information 6 RDO 7 Telephone 5 TIN Code Number (Donor) 8 Donor's Name(For Individual)Last Name,First Name,Middle Name/(For Non-Individual)Registered...

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Tax Return Position Paper

Tax Return Position Paper ACC/455   Tax Law Tax laws come from several sources and each source has a particular amount of rein over the laws conducted. Sources, such as the IRC, have a defined amount of say in the laws and the consequences. The way a law is interpreted and applied is also a very large part of tax law. Tax research is how tax laws are defined and followed for individual facts (Anderson, Pope & Kramer 2010) Sources of Tax Law The primary and secondary sources of tax...

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Tax Return for Jake Wells

2012 Tax Return and Issues Memo Prepared For: Jack Wells Issues and Questions for Jack Wells’ 2012 Tax Return As preparers for Mr. Wells’ 2012 Tax Return our team made several assumptions, some of which would require further input from Mr. Wells. We also ran into some opportunities for tax planning for Jack. This memo outlines those assumptions, questions, and opportunities. The following is a list of assumptions broken down by IRS Form or Schedule: Schedule C Part I For Line 1 our group...

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A Comprehensive Accounting Cycle Problem

A COMPREHENSIVE ACCOUNTING CYCLE PROBLEM On December 1, 2009, John and Patty Driver formed a corporation called JP Equipment Rentals Co. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts: |Cash |Income Taxes Payable ...

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