Federal Income Taxation SPRB12 - Sec B Professor James Shimko Tax File Memorandum Nino Giorgobiani May 16, 2012 May 14th, 2011 Tax File Memorandum From Nino Giorgobiani Subject Peaceful Pastures Funeral Home, Inc. Taxpayer Engagement Today I met with Peaceful to discuss the IRS audit notice they received in regards to their reported income. They want to know whether the amounts prepaid under Peaceful’s program constitutes prepaid income that must be included in Peaceful’s income
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Memorandum Date: February 11, 2012 To: David Brimm From: Brian Wayne Subject: Critical Thinking This memorandum serves to evaluate and analyze two courts’ decisions about whether an indirect U.K. subsidiary’s windfall tax (a foreign tax type) is creditable on a U.S. based corporation-Phillips Petroleum’s income taxes. The United States Court of Appeals for the Third Circuit holds that windfall tax is not creditable. In Treasury
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Memorandum Changing your company’s organization type can be very beneficial in your given situation. My recommendation is changing into an S-Corporation. The S-Corporation will allow you to be taxed at the level of the shareholders and it is not double taxed. You must have no more than 100 shareholders to be qualified as an S-Corporation. How becoming an S-Corporation would be beneficial Stock Turning your business into an S-Corporation would give you the option to sell shares of it to investors
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Business Organization Form Choice Memorandum Erin P PLAW 350 December 9, 2013 Memorandum To: Professor From: Erin P. Date: October 23, 2013 Re: Business entity form and federal tax regime choice of Erin P Photography ------------------------------------------------- As per our conversation on November 29, 2013, in regards to the firm’s new client, Erin P Photography, I have compiled the following information of your review. In this memorandum you will find that I have thoroughly
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PUBLIC FINANCIAL MANAGEMENT AND CONTROL LAW FIRST PART General Provisions FIRST SECTION Purpose, Scope and Definitions Purpose Article 1- The purpose of this Law is to regulate the structure and functioning of the public financial management, the preparation and implementation of the public budgets, the accounting and reporting of all financial transactions, and financial control in line with the politics and objectives covered in the development plans and programs, in order to
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Granted, No. 09-772T (9/21/2011) Facts Plaintiffs, Donald and Joyce Schroerlucke, filed a complaint in the United States Court of Federal Claims alleging they were due a tax refund for unreimbursed losses for the 1997, 1998, 1999, and 2002 tax years. Plaintiffs are husband and wife who filed joint federal income tax returns during all years relevant to this action. In each of those years, the plaintiffs were residents of the State of Georgia. Plaintiff Donald Schroerlucke is a former employee
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THE 2015 STATE OF THE NATION ADDRESS TECHNICAL REPORT Prepared by: The Office of the President of the Philippines TABLE OF CONTENTS TRANSPARENT, ACCOUNTABLE, AND PARTICIPATORY GOVERNANCE 1. Institutionalized Public Accountability .............................................................. 1 2. Upheld Transparency and Citizen Engagement in Government .................... 11 RAPID, INCLUSIVE, AND SUSTAINED ECONOMIC GROWTH 1. Sustained Strong and Broad-Based Economic Growth .....
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Memorandum To: Professor From: XXX Date: December 14, 2011 Subject: Income tax treatment I appreciate that you choose me to deal with the questions for you, these are really good questions which we should pay attention to. In this memo, I would answer your questions about the specific treatment of your company’s income taxes according to my research in FASB Accounting Standard Codification and other sources. First, you ask about if the income taxes should be considered as an expense for financial
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DOCUMENTARY STAMP TAX Tax Rates |Tax Code Section |Document |Taxable Unit |Tax Due Per Unit |% of Unit |Taxable Base | |174 |Debentures and |P200.00 or fraction |P1.50 |.75% |Face value of Document | | |Certificates of |thereof | | |
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MEMORANDUM TO: John and Jane Smith FROM: DATE: 11/20/2011 RE: Tax Issue | John Smith Tax Issues In regards to the $300,000 earnings from the court case this should be treated as gross income. Since the $300,000 compensates for services, including fees the earning must be classified as gross income (Cornell University Law School, 2011). The $25,000 is compensation from the expenses paid at the beginning of the trial and can be treated as an adjusted gross income and can be deducted
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