October 2, 2014 Tax File Memorandum To: Brett Ouray Facts Kathy and Brett Ouray were married in 1996. In 2014, they consider themselves completely estranged. Due to financial reasons they have decided to not get a divorce or live separately. They also do not have any legal documentation of separation and neither of them has lived outside the home for a significant amount of time. They currently reside together with their three children. They have decided that Brett has contributed more to
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Tax Research Memorandum To: Lauren Smith From: Date: May 18, 2012 Re: Tax Treatment of MBA education expenses Facts You incurred $15,000 in educational expenses in the course of earning a MBA. You want to deduct these expenses as an employee business expense in your tax return since your employer does not have an education expense reimbursement program. Issue The issue is (1) whether the education was required to keep your present salary, status or job and/or the education maintains
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Beaumont, TX TO: Partner FROM: Staff Accountant DATE: March 24, 2016 ------------------------------------------------- SUBJECT: Memorandum Privileged and Confidential Relevant Facts In 2013, Mr. Hobby suffered serious bodily injury while working at a local refinery in Beaumont. On his 2013 tax return, he deducted medical expenses of $25,000. On his 2014 tax return, he deducted medical expenses of $15,000. In 2015, Hobby won a civil lawsuit connected to his injury in 2013. He was awarded as
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negotiate and sign a new IMF agreement in May 2013 to gain access to approximately $1 billion additional funds. As a precursor, the government instigated a second National Debt Exchange in 2012. Taxes The IMF deal requires the government to reform its tax system,
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MEMORANDUM TO: FROM: DATE: RE: Joseph Lucky/Timing of Lottery Winnings and Revenue Recognition ______________________________________________________________________________ FACTS Joseph Lucky, of Minneapolis, MN, purchased an instant lottery ticket on the evening of Thursday, December 9, 2010 from a local liquor store. Upon arriving at home, he discovered he had won $10,000. On December 15, 2010, Mr. Lucky returned to the local liquor store and attempted to cash the instant
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TAX FILE MEMORANDUM TO: Ted Jones, Gray Chemical Company President FROM: Yessenia Colon, Big 4 Staff Accountant SUBJECT: Grey Chemical Company Research Conclusion DATE: October 29, 2015 The Environmental Protection Agency cited Gray Chemical Company for violations of toxic waste contamination of the air and water surrounding the plant due to its toxic pesticides. The judge found Gray guilty and imposed fines of $15 million. Gray voluntarily set up a charitable fund of $8 million
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MEMORANDUM TO: JOHN SMITH, JD FROM: , CPA DATE: MARCH 25, 2012 SUBJECT: Recommendations of tax affairs for prospective clients John and Jane Smith Thank you for stopping by my office on Monday to discuss the relevant inquiries you and your wife Jane have while planning your 2011 tax return. I am only responding to the issues we discussed. I am confident that I can provide the best guidance to minimize your tax liability for I have been in practice for 5 yrs. As you know, there
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MEMORANDUM To: John and Jane Smith From: XXXXXX, CPA Near Lakes City Date: February 7, 2013 Dear Mr. & Mrs. Smith, Thank you for coming to our offices and allowing us to review and discus your concerns regarding your tax questions. I have been assigned to reply to your questions and I have listed my recommendations below. After you both have reviewed these recommendations, please contact me so we can go over any additional questions you may have. Mr. Smith’s questions: 1(a)
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Memorandum To: Carolyn W. Colvin, Acting Commissioner of the Social Security Administration From Peter J. Muller RE: Policy Reform Regarding Social Security in the United States Date: May 23rd, 2015 The current Social Security (hereto after referred to as “SS”) pay-as-you-go method creates an unstable revenue stream and the active working class is essentially sacrificing money for the retirement benefits of the elderly and disabled. In addition, the current benefit payments are not enough to
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March 23 2013 TAX FILE MEMORANDUM FROM SUBJECT Peaceful Pasture Funeral Home Inc. (“Peaceful”) Today I talked to Peaceful in regards to the IRS notice that they received regarding an audit that was done on the organization. This notice includes the prepaid program Peaceful has for their clients, and the IRS considered that as a form of income and therefore should be taxed. FACTS: Peaceful runs a prepaid program that they set up to help customers pay for goods and services at a lesser cost
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