sales were from the sale of spare parts. Because of its large market share and the lucrative spare parts sales‚ the division was traditionally very profitable. Most of the company’s future mining product sales were expected to occur outside the United States‚ principally in developing countries. The
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document did a better job of fulfilling the ideals of the American Revolution: the Articles of Confederation or the United States Constitution? The United States Constitution better represented and fulfilled the ideals of the American Revolution then the Articles of Confederation. Democracy and rights were all earned in the Revolutionary war and were enforced by the United States Constitution. Freedom is given to all free citizens in the country through the Bill of Rights. Government is divided
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in federal income tax in the past year‚ including people aged 18 (who typically are deducted on their parents’ returns and do not pay income tax). Anyone who received the "earned income credit" is barred from voting unless they return the payment from the government. Proof of payment of the tax can be made by showing a copy of the prior year’s W2‚ a copy of the prior year’s tax return‚ or a signed statement from the IRS stating that the payment of more than $200 in federal income tax has been made
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Welfare- War on Poverty State assistance‚ informally known as welfare‚ has been a controversy or what some consider a “problem” for many years because of the debt its accrued‚ the misuse of the funds‚ and the way the government obtains the money from working individuals tax dollars. It started in 1964 when President Johnson launched the “War on Poverty” in an attempt to help the poor rise above with the aid of federal and state tax dollars. Johnson stated‚ “Our aim is not only to relieve the symptom
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-If interest rates increase‚ our net income could be negatively affected -We rely on our bottling partners for a significant portion of our business. If we are unable to maintain good relationships with our bottling partners‚ our business could suffer. -If our bottling partners’ financial condition deteriorates‚ our business and financial results could be affected. -Increases in income tax rates‚ changes in income tax laws or unfavorable resolution of tax matters could have a material adverse
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PROSPECTUS SUPPLEMENT (To REMIC Prospectus dated May 1‚ 2002) $250‚000‚000 Guaranteed REMIC Pass-Through CertiÑcates Fannie Mae REMIC Trust 2002-46 The CertiÑcates We‚ the Federal National Mortgage Association (""Fannie Mae ’ ’)‚ will issue the classes of certiÑcates listed in the chart on this page. Payments to CertiÑcateholders We will make monthly payments on the certiÑcates. You‚ the investor‚ will receive ‚ interest accrued on the balance of your certiÑcate‚ and ‚ principal to the extent
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November 21‚ 1980 COMMISSIONER OF INTERNAL REVENUE‚ petitioner‚ vs. AYALA SECURITIES CORPORATION and THE HONORABLE COURT OF TAX APPEALS‚ respondents. TEEHANKEE‚ J.: Before the Court is petitioner Commissioner of Internal Revenue’s motion for reconsideration of the Court’s decision of April 8‚ 1976 wherein the Court affirmed in toto the appealed decision of respondent Court of Tax Appeals‚ the dispositive portion of which provides as follows: WHEREFORE‚ the decision of the respondent Commissioner of
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which did not surprise me because at the same time we lend money. I do not think that the US is not in the position to be lending money out to other countries. What they should be doing is focusing on the stimulation of our economy through steady tax raises‚ job opportunities‚ and a balanced. It is a shock to hear that we have not had a balanced budget since before former President Bill Clinton. I believe having a balanced budget is the first step to a good fiscal year and a good way to recover
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property to generate additional cash flow/ what are some of the tax problems Marvin may confront? Some tax problems Marvin may confront is the conversion from residential to income-producing will cause an increase in ad Vlore taxes on realty‚ which an attractive income tax result could be materially diminished by adverse property tax consequences. 5. How does the pay-as-you-go procedure apply to wage earners? To persons who have income from sources other than wages. The pay as you go procedure requires
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Chapter 26 Homework Assignment Due Date October 13‚ 2014 CIRCULAR 230 HYPOTHETICALS Provide short answers (1-3 lines) for the following hypothetical situations. Present your homework in an organized and professional manner (i.e.‚ assume you are in a tax department and this is your first assignment). Be sure to include the citation to the applicable Circular 230 section(s). For example‚ sec. 10.32 or 10.32. Malcom receives an Information Document Request (IDR) from the IRS for his books and records
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