Income Tax Essays and Term Papers
Last update: September 6, 2014-
Income Tax Research
Facts The facts of this case are that Joe Johnson, age 62, suffers from a severe case of degenerative arthritis. His doctor has prescribed him to swim in a swimming pool at least one hour per day as treatment and to prevent any further muscle deterioration. Mr. Johnson has no swimming pools in his neighborhood so he decided to build one at his home. He also had the bottom and the sides tiled in his
Rating:Essay Length: 648 Words / 3 PagesSubmitted: February 8, 2010 -
Accounting for Income Taxes
According to Accounting Theory: Contemporary Accounting Issues by Evans, accountants have developed two alternative approaches to accounting for income taxes, which are the cash method and the allocation method. The cash method is described as a simple and direct approach. The amount of income taxes actually paid for the year is reported on the Income Statement. The amount comes from the firm’s income tax return and fit is not adjusted in any way. Therefore, the
Rating:Essay Length: 1,244 Words / 5 PagesSubmitted: February 19, 2010 -
Elements of Income Tax Law
Introduction: Mr. and Mrs. Smith (hereby referred to as ‘the Smith's') ,as sole shareholders of Nolan's Irish Bar Pty Ltd (hereby referred to as ‘Nolans') will attempt to assert that the money and free legal services received throughout this ordeal are not assessable income to either the company they own (Nolans), or themselves. The payments and benefits in question is the $50,000 received as an ex gratia payment from Sydney Morning Bugle (‘hereby referred to
Rating:Essay Length: 2,030 Words / 9 PagesSubmitted: May 4, 2011 -
Gift Tax
Gift Tax One of the taxes that we went over in class was gift taxes. This is a tax that is implied when property, personal items, or money with a value of over 10,000 dollars is given from one person to another. There are a few exceptions to this law such as giving to non-prophit organizations or the donation is going towards an education or tuition. I feel that this is a good tax to
Rating:Essay Length: 469 Words / 2 PagesSubmitted: February 16, 2009 -
Bush's Tax Cut
There are two words in the English language that when combined will cause immediate joy and skepticism at the same time. Tax Cut, although at first it sounds only good there can be some setbacks. George W. Bush entered his term in office with an aggressive agenda to cut taxes that turned heads in his favor; however, some people don't think his cuts are fair or effective. The United States economy is slowly creeping towards
Rating:Essay Length: 1,329 Words / 6 PagesSubmitted: February 16, 2009 -
Important Tips and Information for 2006 Tax
Important Tips and Information for 2006 Tax Business Equipment Purchases No matter what form of business you choose to operate under, chances are you will expend money on equipment purchases. Take the time to plan your acquisitions to ensure the best tax results and plan it before the year end to take advantage of depreciation. Buy or Lease: All kinds of leasing deals are available on all kinds of equipment. With a true lease, you
Rating:Essay Length: 506 Words / 3 PagesSubmitted: November 8, 2009 -
Outsourcing Tax Returns
The preparation of income tax returns overseas, outsourcing, raises many significant ethical issues. Reports of the scope and size of the outsourcing market vary greatly, but the largest outsourcing companies claim that thousands of returns were processed during the 2006 tax season. Estimates for the 2007 season indicate the total may now be well into the hundreds of thousands. Outsource Partners International (OPI) reports preparing 10,000 U.S. tax returns last year. SurePrep claims to have
Rating:Essay Length: 1,931 Words / 8 PagesSubmitted: November 9, 2009 -
Bush’s Tax Cut
There are two words in the English language that when combined will cause immediate joy and skepticism at the same time. Tax Cut, although at first it sounds only good there can be some setbacks. George W. Bush entered his term in office with an aggressive agenda to cut taxes that turned heads in his favor; however, some people don’t think his cuts are fair or effective. The United States economy is slowly creeping towards
Rating:Essay Length: 1,329 Words / 6 PagesSubmitted: November 10, 2009 -
History of Americ and Spain’s Tax System
Until mid 1970's government spending in Spain was fairly low compared to international spending, keeping tax pressure reasonably below the OECD average. Although after the 19 shift to democracy and up until the late 1980's, taxation rose sharply to finance the increasing government expenditure as you can see from the graphs Spain’s personal income tax rises from 14.5 per cent in 19 to 20.4 per cent in 1980, there is also a rise in social
Rating:Essay Length: 809 Words / 4 PagesSubmitted: November 10, 2009 -
Tax and Its Implications
Pick a leading company. Now use the Resource-Based-View to analyze that company. How does this analysis differ from Porter’s Five Competitive Forces model? In this essay, I will set the scene for Starbucks Corporation, henceforth referred to as Starbucks and mention briefly its origins and some up to date financial information. I will apply the Resource-Based-View (RBV) approach to Starbucks, to identify its core competencies and strengths which have enabled it to grow. I shall
Rating:Essay Length: 1,314 Words / 6 PagesSubmitted: November 13, 2009 -
Tax Analysis
I decided that Betsy and Ronald should move closer to Ronald's place of employment, as Betsy is self employed and can deduct her travel when she needs to travel. Ronald's company will not pay travel expenses for him to get to and from work. But Betsy can charge travel and deduct her travel expenses in her status of self employment. In order to deduct her travel, Betsy must keep records of travel time and exact
Rating:Essay Length: 395 Words / 2 PagesSubmitted: November 14, 2009 -
Plant Tax Refecltion
Prior to taking Plant Taxonomy, I wasn't aware of all of the possibilities and obstacles I would have to face on the way. I was taught how to correctly identify plants by putting together their characteristics, habitats, range distribution and other relating factors. In order to become more hands on in our process of achieving this, our class went out to Timucuan National Park to collect different species for our labs. This experience every Thursday
Rating:Essay Length: 554 Words / 3 PagesSubmitted: November 15, 2009 -
Waste of Tax Money on Drug War
The "Waste of Tax Money" on Drugs This country spends millions, and millions of dollars on the "War on Drugs". Is this "War" really necessary? I've done a lot of research and I was very surprised to see the facts on how these laws came into place. The first drug law I could find was an 18 San Francisco ordinance that outlawed the smoking of opium in opium dens. This law was passed out of
Rating:Essay Length: 791 Words / 4 PagesSubmitted: November 17, 2009 -
The Flat Tax
The Sixteenth Amendment of the U.S. Constitution states, “the Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without appointment among the several states, and without regard to any census or enumeration.” (Mallor et al, 1280). The ratification of the Sixteenth Amendment, the Revenue Act of 1913 is the first tax Form 1040 which was due on March 1, 1914 is now a part of every working American
Rating:Essay Length: 621 Words / 3 PagesSubmitted: November 19, 2009 -
Tax Accounting Cases
1. Deducting Cosmetic Surgery Issue: Can Ms. Gorgeous deduct the cost of her cosmetic surgery enhancements as a medical expense? Facts: Ms. Gorgeous is an aspiring actress who has managed to earn a living doing television commercials. Decided to have botox injections in her forehead and collagen enhancements to her lips to hopefully move up in the industry. After the procedures, her career drastically improved and she received movie offers. Statutory: Section 213(d)(9) classifies and
Rating:Essay Length: 1,819 Words / 8 PagesSubmitted: November 21, 2009 -
Income Disparities of Women in the Workplace
Income Disparities of women in the Workplace The existence of male-female income and gender discrimination in the workplace has been noted in countless countries. Over the past few decades, laws barring discrimination in education and employment have helped give workingwomen many opportunities that our mothers never had. Because of these opportunities, women began working in many different fields, each requiring different skills and experience with different pay wages. Although these opportunities has opened many doors
Rating:Essay Length: 1,000 Words / 4 PagesSubmitted: November 22, 2009 -
Tax Research Paper: Maxims of Tax Planning and Six Steps of Tax Research
I. Introduction Business organizations use financial planning techniques to help make decisions that will maximize the net present value of the entity. An important component of the financial planning process is tax planning, which is the structuring of transactions with the intent reducing tax costs and gaining tax benefits. Strategic tax planning is a common occurrence in the business world because of its ability to help companies maximize their after-tax value. Typically, firms use the
Rating:Essay Length: 1,537 Words / 7 PagesSubmitted: November 24, 2009 -
Deferred Taxes
Due to contingent liabilities, many companies report different amounts of income on their income statement than on their income tax return, which leads to deferred income tax balances. A company is required to accrue a contingent liability if it is probable that the liability has been incurred and the amount can be estimated. This case study focuses on accounting implications of the most common contingencies—warranties and lawsuits—at Maytag Corporation, a leading manufacturer of home and
Rating:Essay Length: 314 Words / 2 PagesSubmitted: November 24, 2009 -
Most Hong Kong People Do Not Pay Tax. Thus one-Person-One-Vote Democracy?
First of all, one person, one vote' system of democracy is universally recognized by an absolute majority of countries of the world as a viable and effective mechanism for the selection of government. Someone may argue that, in practice, non-taxpayers do not earn enough to be liable for taxation. In any case, the right to vote does not follow from the obligation to pay tax. In many countries, people start earning money and paying tax
Rating:Essay Length: 431 Words / 2 PagesSubmitted: November 25, 2009 -
Chinese Head-Tax: A Discriminatory Piece of Legislation
Canada is a country built on immigration, mainly British at first, but from all over the world afterwards. Chinese immigration to Canada dates back to the period of the gold rush when they were recruited to mine. In the 1880's, the Chinese population increased after Canada joined the confederation and extra labour was required to build a cross-country railway. Due to the poor economy in China, many Chinese were willing to migrate and work for
Rating:Essay Length: 1,808 Words / 8 PagesSubmitted: November 26, 2009 -
Internet Sales Tax
History of Internet Sales Tax “Internet transactions have virtually eliminated the geographic boundaries between states and localities that formerly provided the framework for sales and use taxation. As a result, a national tax policy must be developed through either uniform state laws or federal legislation. Any federal legislation or uniform state laws developed to regulate interstate electronic commerce must balance the needs and concerns of state and local taxing authorities with the needs of businesses
Rating:Essay Length: 1,018 Words / 5 PagesSubmitted: November 27, 2009 -
Flat Tax
I believe that a flat tax is a good idea. I can say this, but most people don't know what a flat tax is. So maybe you'll just say, "uh-huh" and think, "yeah, whatever". Because of that, I will start this essay by explaining what a flat tax is. Be patient; it won't take long because the Flat Tax system is very simple. There would only be two tax forms: one for businesses and one
Rating:Essay Length: 455 Words / 2 PagesSubmitted: November 27, 2009 -
Factors Determining Premium Income Of
Contents Chapter – 01 3 1.00: Introduction and Problem Statement 3 Chapter-02 4 2.00: Review of Literature 4 Chapter - 03 6 3.00: Development of the Theoretical /Conceptual Model 6 Chapter - 04 7 4.00: Development of Hypotheses 7 4.01: Quantitative Format 7 4.02: Quantitative Format 7 Chapter -05 8 5.00: Data Sources and Collection Procedures 8 Chapter -06 9 6.00: The Regression Model 9 Chapter -07 10 7.00: Analyses of the Regression Equation 10
Rating:Essay Length: 2,766 Words / 12 PagesSubmitted: November 28, 2009 -
Inmates Draw Income from Inside Prison
Prison art continually adds to the curiosity of society and is gradually being sought after for many different reasons an individual may have. It does not matter if one is a first timer or a lifer, a correctional officer, the warden or a member of society, the visual language of art in prison cannot be escaped and is everywhere. "Prisons are full of people with great potential. It's sad that so many are not allowed
Rating:Essay Length: 1,746 Words / 7 PagesSubmitted: November 30, 2009 -
The Growing Income Gap Between the Rich and Poor
The Growing Income Gap between the Rich and Poor In the United States the income gap between the rich and the poor is at an all time high. This fact is very strange to me because I hear President Bush claim that there are so many new jobs available, the unemployment rate is down, interest rates are low, and inflation is going down. These two claims seem contradictory to me, and in my paper I
Rating:Essay Length: 2,986 Words / 12 PagesSubmitted: December 1, 2009