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1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift
For more classes visit
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1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return. Vega was still alive in 2016.
For more classes visit
www.snaptutorial.com
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers
Acc 547 Effective Communication / snaptutorial.comBaileyq
For more classes visit
www.snaptutorial.com
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return. Vega was still alive in 2016.
If Vega did not request an extension of time
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return. Vega was still alive in 2016.
If Vega did not request an extension of time for filing the 2016 gift tax return, the due date for filing was
3. Under the unified rate schedule,
For more classes visit
www.snaptutorial.com
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return.
ACC 547 OUTLET Become Exceptional--acc547outlet.comkopiko121
FOR MORE CLASSES VISIT
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1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return
ACC 547 OUTLET Education for Service--acc547outlet.comkopiko57
FOR MORE CLASSES VISIT
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1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return
For more classes visit
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1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return. Vega was still alive in 2016.
For more classes visit
www.snaptutorial.com
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return. Vega was still alive in 2016.
For more classes visit
www.snaptutorial.com
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers
Acc 547 Effective Communication / snaptutorial.comBaileyq
For more classes visit
www.snaptutorial.com
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return. Vega was still alive in 2016.
If Vega did not request an extension of time
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return. Vega was still alive in 2016.
If Vega did not request an extension of time for filing the 2016 gift tax return, the due date for filing was
3. Under the unified rate schedule,
For more classes visit
www.snaptutorial.com
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return.
ACC 547 OUTLET Become Exceptional--acc547outlet.comkopiko121
FOR MORE CLASSES VISIT
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1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return
ACC 547 OUTLET Education for Service--acc547outlet.comkopiko57
FOR MORE CLASSES VISIT
www.acc547outlet.com
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return
For more classes visit
www.snaptutorial.com
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return. Vega was still alive in 2016.
For more course tutorials visit
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1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
For more classes visit
www.snaptutorial.com
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
FOR MORE CLASSES VISIT
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1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift in
For more course tutorials visit
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1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return. Vega was still alive in 2016.
FOR MORE CLASSES VISIT
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1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses.
FOR MORE CLASSES VISIT
www.acc547master.com
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return. Vega was still alive in 2016.
If Vega did not request an extension of time for filing the 2016 gift tax return, the due date for filing was
3. Under the unified rate schedule
ACC 547 OUTLET Possible Is Everything / acc547outlet.comalbert0124
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
ACC 547 OUTLET Empowering and Inspiring/acc547outlet.comalbert00123
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return. Vega was still alive in 2016.
For more classes visit
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1. Amy works as an auditor for a large major CPA firm. During the months of September through November of each year, she is permanently assigned to the team auditing Garnet Corporation. As a result, every day she drives from her home to Garnet and returns home after work. Mileage is as follows:
For more course tutorials visit
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1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return. Vega was still alive in 2016.
Undocumented immigrants gets Benefit of $15,600. New York unrivalled $2.1 billion of the state budget to make up for the exclusion of undocumented immigrants from federal aid during the COVID-19 pandemic. This $2.1 billion fund was an achievement of those workers who held hunger strikes and protestation across the state and city to push for the creation of the fund.
Acc 307 Enthusiastic Study / snaptutorial.comGeorgeDixon35
1. Amy works as an auditor for a large major CPA firm. During the months of September through November of each year, she is permanently assigned to the team auditing Garnet Corporation. As a result, every day she drives from her home to Garnet and returns home after work. Mileage is as follows:
For more classes visit
www.snaptutorial.com
1. Amy works as an auditor for a large major CPA firm. During the months of September through November of each year, she is permanently assigned to the team auditing Garnet Corporation. As a result, every day she drives from her home to Garnet and returns home after work. Mileage is as follows:
1. Amy works as an auditor for a large major CPA firm. During the months of September through November of each year, she is permanently assigned to the team auditing Garnet Corporation. As a result, every day she drives from her home to Garnet and returns home after work. Mileage is as follows:
Tax Research Memorandum To Bruce Wilson From .docxaryan532920
Tax Research Memorandum
To: Bruce Wilson
From: Tax Accountant, CPA
Date: December 31, 2015
Re: Tax Treatment of Lottery Winnings
Facts
You won $2,000,000 in the state lottery. The lottery pays out the prize money in 20 annual
installments of $100,000 each. After receiving three $100,000 installments ($300,000), you
sold the remaining $1,700,000 for $1,000,000. You want to report the $1,000,000 as long-
term capital gain, on which the tax rate is 15%, rather than reporting it as ordinary income, on
which you would be required to pay your 35% marginal tax rate.
Issue
The issues are (1) whether lottery winnings can be taxed at the long-term capital gains tax
rate, and (2) whether selling the right to the cash flow from the winnings for a lump sum after
owning the right to such cash flow for more than one year qualifies for long-term capital
gains tax treatment.
Rule
Lottery rights are not a capital asset, and selling those rights, even after holding them for over
one year, falls under the “substitute for ordinary income doctrine, which provides that when a
party receives a lump sum payment as essentially a substitute for what would otherwise be
received at a future time as ordinary income, that lump sum payment is taxable as ordinary
income as well.” R.W. Womack v. Comm’r, 510 F. 3d 1295 (11th Cir. 2007).
Analysis
It is well established that Lottery rights are not a capital asset. Watkins v. Comm’r, 447 F. 3d
1269 (10th Cir. 2006); Lattera v. Comm’r, 437 F. 3d 399 (3d Cir. 2006), cert. denied, 127 S.
Ct. 1328 (2007); United States v. Maginnis, 356 F. 3d 1179 (9th Cir. 2004); Davis v. Comm’r,
119 T.C. 1 (2002). Although 26 U.S.C. §1221 defines Capital Asset quite broadly, and does
not specifically except lottery winnings from the definition, the 11th Circuit has found that
“the statutory definition of capital asset has never been read as broadly as the statutory
language might seem to permit, because such a reading would encompass some things
Congress did not intend to be taxed as capital gains.” Womack, 510 F.3d 1295; Maginnis, 356
F.3d at 1181;. All of these decisions are based on the so-called substitute for ordinary income
doctrine, which provides that when a party receives a lump sum payment as “essentially a
substitute for what would otherwise be received at a future time as ordinary income, that
lump sum payment is taxable as ordinary income as well.” Comm’r v. P.G. Lake, Inc., 356
U.S. 260, 265, 78 S. Ct. 691, 694 (1958). Womack, 510 F.3d 1295. The courts have focused
on two significant factors in determining that lottery rights are not a capital asset and,
therefore, the sale of such asset would not constitute a long term capital gain:
1. The taxpayer did not make any underlying investment of capital in return for the receipt of
the lottery right, and
2. The sale of the right did not reflect an accretion in value over cost to any underlying asset
held by t ...
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1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
For more classes visit
www.snaptutorial.com
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
FOR MORE CLASSES VISIT
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1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift in
For more course tutorials visit
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1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return. Vega was still alive in 2016.
FOR MORE CLASSES VISIT
www.acc547master.com
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses.
FOR MORE CLASSES VISIT
www.acc547master.com
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return. Vega was still alive in 2016.
If Vega did not request an extension of time for filing the 2016 gift tax return, the due date for filing was
3. Under the unified rate schedule
ACC 547 OUTLET Possible Is Everything / acc547outlet.comalbert0124
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
ACC 547 OUTLET Empowering and Inspiring/acc547outlet.comalbert00123
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return. Vega was still alive in 2016.
For more classes visit
www.snaptutorial.com
1. Amy works as an auditor for a large major CPA firm. During the months of September through November of each year, she is permanently assigned to the team auditing Garnet Corporation. As a result, every day she drives from her home to Garnet and returns home after work. Mileage is as follows:
For more course tutorials visit
uophelp.com is now newtonhelp.com
www.newtonhelp.com
1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of
2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return. Vega was still alive in 2016.
Undocumented immigrants gets Benefit of $15,600. New York unrivalled $2.1 billion of the state budget to make up for the exclusion of undocumented immigrants from federal aid during the COVID-19 pandemic. This $2.1 billion fund was an achievement of those workers who held hunger strikes and protestation across the state and city to push for the creation of the fund.
Acc 307 Enthusiastic Study / snaptutorial.comGeorgeDixon35
1. Amy works as an auditor for a large major CPA firm. During the months of September through November of each year, she is permanently assigned to the team auditing Garnet Corporation. As a result, every day she drives from her home to Garnet and returns home after work. Mileage is as follows:
For more classes visit
www.snaptutorial.com
1. Amy works as an auditor for a large major CPA firm. During the months of September through November of each year, she is permanently assigned to the team auditing Garnet Corporation. As a result, every day she drives from her home to Garnet and returns home after work. Mileage is as follows:
1. Amy works as an auditor for a large major CPA firm. During the months of September through November of each year, she is permanently assigned to the team auditing Garnet Corporation. As a result, every day she drives from her home to Garnet and returns home after work. Mileage is as follows:
Tax Research Memorandum To Bruce Wilson From .docxaryan532920
Tax Research Memorandum
To: Bruce Wilson
From: Tax Accountant, CPA
Date: December 31, 2015
Re: Tax Treatment of Lottery Winnings
Facts
You won $2,000,000 in the state lottery. The lottery pays out the prize money in 20 annual
installments of $100,000 each. After receiving three $100,000 installments ($300,000), you
sold the remaining $1,700,000 for $1,000,000. You want to report the $1,000,000 as long-
term capital gain, on which the tax rate is 15%, rather than reporting it as ordinary income, on
which you would be required to pay your 35% marginal tax rate.
Issue
The issues are (1) whether lottery winnings can be taxed at the long-term capital gains tax
rate, and (2) whether selling the right to the cash flow from the winnings for a lump sum after
owning the right to such cash flow for more than one year qualifies for long-term capital
gains tax treatment.
Rule
Lottery rights are not a capital asset, and selling those rights, even after holding them for over
one year, falls under the “substitute for ordinary income doctrine, which provides that when a
party receives a lump sum payment as essentially a substitute for what would otherwise be
received at a future time as ordinary income, that lump sum payment is taxable as ordinary
income as well.” R.W. Womack v. Comm’r, 510 F. 3d 1295 (11th Cir. 2007).
Analysis
It is well established that Lottery rights are not a capital asset. Watkins v. Comm’r, 447 F. 3d
1269 (10th Cir. 2006); Lattera v. Comm’r, 437 F. 3d 399 (3d Cir. 2006), cert. denied, 127 S.
Ct. 1328 (2007); United States v. Maginnis, 356 F. 3d 1179 (9th Cir. 2004); Davis v. Comm’r,
119 T.C. 1 (2002). Although 26 U.S.C. §1221 defines Capital Asset quite broadly, and does
not specifically except lottery winnings from the definition, the 11th Circuit has found that
“the statutory definition of capital asset has never been read as broadly as the statutory
language might seem to permit, because such a reading would encompass some things
Congress did not intend to be taxed as capital gains.” Womack, 510 F.3d 1295; Maginnis, 356
F.3d at 1181;. All of these decisions are based on the so-called substitute for ordinary income
doctrine, which provides that when a party receives a lump sum payment as “essentially a
substitute for what would otherwise be received at a future time as ordinary income, that
lump sum payment is taxable as ordinary income as well.” Comm’r v. P.G. Lake, Inc., 356
U.S. 260, 265, 78 S. Ct. 691, 694 (1958). Womack, 510 F.3d 1295. The courts have focused
on two significant factors in determining that lottery rights are not a capital asset and,
therefore, the sale of such asset would not constitute a long term capital gain:
1. The taxpayer did not make any underlying investment of capital in return for the receipt of
the lottery right, and
2. The sale of the right did not reflect an accretion in value over cost to any underlying asset
held by t ...
Legal InfluencesDo we have too many laws Does the existence o.docxSHIVA101531
Legal Influences
Do we have too many laws? Does the existence of so many laws and regulations hinder or help American Business today. Feel free to give examples of some “stupid” laws! Have fun with this discussion!
Unions and Video Surfing!
Please go to You Tube, bing.com videos, or any Video sharing web site and add the Key Word: "Unions”
Find a video that interests you of the thousands that are on the net on any aspect on Unions
Watch the Video that you selected and take notes on what you viewed.
1 In a paper of at least two and not more than three, double spaced pages, no Title Page, tell me what video you viewed.
2 Make sure that you provide the Internet address and the Title on what you viewed.
3 Explain what you viewed and what you learned.
4 You may supplement your viewing with any other information or your opinion.
ENJOY YOUR SURFING!
Chapter 1
26. LO.4, 5 A question on a state income tax return asks the taxpayer if he or she made any out-of-state Internet or mail-order catalog purchases during the year. The question requires a yes or no answer, and if the taxpayer answers yes, the amount of such purchases is to be listed.
a. Does such an inquiry have any relevance to the state income tax? If not, why is it being asked?
b. Your client, Harriet, wants to leave the question unanswered. As the preparer of her return, how do your respond?
36.LO.5 Assess the probability of an audit in each of the following independent situations:
a. As a result of a jury trial, Linda was awarded $3.5 million because of job discrimination. The award included $3 million for punitive damages.
b. Mel operates a combination check-cashing service and pawnshop.
c. Jayden, a self-employed trial lawyer, routinely files a Schedule C (Form 1040) that, due to large dedcti8ons, reports little (if any) profit from his practice.
d. Bernard is the head server at an upscale restaurant and recently paid $1.8 million for a residence in an exclusive gated community.
42.LO.5, 6 On a Federal income tax return filed five years ago, any inadvertently omitted a large amount of gross income.
a. Andy seeks your advice as to whether the IRS is barred from assessing additional income tax in the event he is audited. What is your advice?
b. Would your advice differ if you were the person who prepared the return in question? Explain.
c. Suppose Andy asks you to prepare his current year’s return. Would you do so? Explain.
50. LO.7, 8 Discuss the probable justification for each of the following aspects of the tax law:
a. A tax credit is allowed for amounts spent to furnish care for minor children while the parents work.
b. Deductions for interest on home mortgage and property taxes on personal residence.
c. The income splitting benefits of filing a joint return.
d. Gambling losses in excess of gambling gains.
e. Net operating losses of a current year can be carried back to profitable years.
f. A taxpayer who sells pr ...
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Please check the Details Below
ACC 565 Final Exam Guide
Question 1
Barbara sells a house with an FMV of $170,000 to her daughter for $120,000. From this transaction, Barbara is deemed to have made a gift (before the annual exclusion) of
Question 2
If a state has adopted the Revised Uniform Principal and Income Act, which of the following statements is correct?
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ACC 565 Final Exam Guide
Question 1
Barbara sells a house with an FMV of $170,000 to her daughter for $120,000. From this transaction, Barbara is deemed to have made a gift (before the annual exclusion) of
Question 2
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The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Overview on Edible Vaccine: Pros & Cons with Mechanism
ACC 547 Effective Communication - tutorialrank.com
1. ACC 547 Final Exam Guide
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1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a
friend, Johnson, who needed the money to pay medical expenses. In
filing the 2016 gift tax return, Sayers was entitled to a maximum
exclusion of
2. On July 1, 2016, Vega made a transfer by gift in an amount
sufficient to require the filing of a gift tax return. Vega was still alive in
2016.
If Vega did not request an extension of time for filing the 2016 gift tax
return, the due date for filing was
3. Under the unified rate schedule,
4. During the current year, Mann, an unmarried U.S. citizen, made a
$5,000 cash gift to an only child and also paid $25,000 in tuition
expenses directly to a grandchild's university on the grandchild's behalf.
Mann made no other lifetime transfers. Assume that the gift tax annual
exclusion is $14,000. For gift tax purposes, what was Mann's taxable gift?
5. George and Suzanne have been married for 40 years. Suzanne
inherited $1,000,000 from her mother. Assume that the annual gift-tax
exclusion is $14,000. What amount of the $1,000,000 can Suzanne give
to George without incurring a gift-tax liability?
2. 6. Which of the following payments would require the donor to file a
gift tax return?
7. The answer to each of the following questions would be relevant in
determining whether a tuition payment made on behalf of another
individual is excludible for gift tax purposes, EXCEPT:
8. When Jim and Nina became engaged in April 2016, Jim gave Nina
a ring that had a fair market value of $50,000. After their wedding in
July 2016, Jim gave Nina $75,000 in cash so that Nina could have her
own bank account. Both Jim and Nina are U.S. citizens.
What was the amount of Jim's 2016 marital deduction?
9. Jan, an unmarried individual, gave the following outright gifts in
2016:
10. Which one of the following is a valid deduction from a decedent's
gross estate?
11. Which of the following credits may be offset against the gross estate
tax to determine the net estate tax of a U.S. citizen?
12. Under which of the following circumstances is trust property with
an independent trustee includible in the grantor's gross estate?
13. Bell, a cash basis calendar year taxpayer, died on June 1, 2016. In
2016, prior to her death, Bell incurred $2,000 in medical expenses. The
executor of the estate paid the medical expenses, which were a claim
against the estate, on July 1, 2016.
If the executor files the appropriate waiver, the medical expenses are
deductible on
3. 14. Within how many months after the date of a decedent's death is the
federal estate tax return (Form 706) due if no extension of time for filing
is granted?
15. The generation-skipping transfer tax is imposed
16. Fred and Amy Kehl, both U.S. citizens, are married. All of their real
and personal property is owned by them as tenants by the entirety or as
joint tenants with right of survivorship. The gross estate of the first
spouse to die
17. What is the due date of a federal estate tax return (Form 706), for a
taxpayer who died on May 15, year 2, assuming that a request for an
extension of time is not filed?
18. In connection with a "buy-sell" agreement funded by a cross-
purchase insurance arrangement, business associate Adam bought a
policy on Burr's life to finance the purchase of Burr's interest. Adam, the
beneficiary, paid the premiums and retained all incidents of ownership.
On the death of Burr, the insurance proceeds will be
19. The federal estate tax may not be reduced by a credit of
20. Ordinary and necessary administration expenses of an estate are
deductible:
21. H and W are married citizens. All of their real and personal property
is owned as tenants by the entirety or as joint tenants with right of
survivorship. The gross estate of the first spouse to die:
22. Under the provisions of a decedent's will, the estate's executor made
the following cash disbursements:
I. A charitable bequest to the American Red Cross.
4. II. Payment of the decedent's funeral expenses.
What deduction(s) is(are) allowable in determining the decedent's
taxable estate?
23. Which of the following items of property would be included in the
gross estate of a decedent who died in 2016?
24. If the executor of a decedent's estate elects the alternate valuation
date and none of the property included in the gross estate has been sold
or distributed, the estate assets must be valued as of how many months
after the decedent's death?
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ACC 547 Week 1 Tax Research Paper
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Review two sources that discuss the different types of tax authority
(specifically primary and secondary sources).
Createa 700- to 1,050-word (at least meet the minimum words)
document that addresses the following:
What are the two different categories of tax research (open and closed
transactions)?
5. Of the two known sources, primary & secondary, which has more
authority ?
Explain your answer. Give three examples of primary and secondary
sources, discuss where you can find the sources, whether they are paid
or free sources, and what kind of information you will find about a given
tax situation.
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ACC 547 Week 2 Getting Personal
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Introduction
Gross Income
Above the Line Deductions
Itemize Deductions
Personal Exemptions
Taxable Income
Tax Credits
6. Conclusion
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ACC 547 Week 3 Comprehensive Problem Machines Inc
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Comprehensive Problem for Chapters 7 and 8. Sam Johnson started a
small machine shop, Machines, Inc., in his garage and incorporated it in
March of 2013 as a calendar-year corporation. At that time, he began
using his personal computer and tools solely for the business as part of
his contribution to the corporation. The computer cost $2,700 but had a
fair market value of only $900 at conversion and the tools, which had
cost $1,500, were valued at $1,100. During 2013, Machines, Inc.
purchased two machines: Machine A, purchased on May 2, cost $24,000;
Machine B, purchased on June 5, cost $40,000.
The corporation expensed Machine A under Section 179. The computer,
tools, and Machine B were depreciated using accelerated MACRS only.
The corporation did not take any depreciation on the garage nor did Sam
charge the business rent because the business moved to a building the
business purchased for $125,000 on January 5, 2014. On January 20,
2014, Machines purchased $4,000 of office furniture and on July 7, it
purchased Machine C for $48,000. It depreciated these assets under
7. MACRS (including allowable bonus depreciation), but did not use
Section 179 expensing. Machines acquired no new assets in 2015.
On February 4, 2016, Machines bought a new computer system for
$5,100. It sold the old computer the same day for $300. On March 15, it
sold Machine A for $6,000 and purchased a more versatile machine for
$58,000. On August 15, Machines sold bonds it had purchased with
$9,800 of the cash Sam had originally contributed to the corporation for
$10,400 to pay creditors. The business takes only the maximum
allowable MACRS depreciation deduction on assets purchased in 2016
with no Section 179 expensing or bonus depreciation.
Determine Machines, Inc.'s depreciation expense deductions for 2013
through 2016.
Determine the realized and recognized gains or losses on the property
transactions in 2016.
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ACC 547 Week 4 Jordan and Diana Diego (Score 85%)
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Jordan (SSN 150-66-7788) and Diana (SSN 150-67-4321) Diego are a
married couple who reside at 111 Coral Drive in Miami, FL 33156.
8. They have one dependent daughter, Emily (SSN 155-88-4321), age 18,
who lives at home.
Jordan is a manager at Big Box Corporation. His Form W-2 wages are
$68,000 and federal income tax withheld is $8,300. The correct payroll
taxes were withheld.
Diana worked at a local department store for the first half of the year.
Her Form W-2 wages are $40,000 and federal income tax is $3,300. The
correct payroll taxes were also withheld.
The Diego family paid $9,200 interest on their home mortgage (reported
to them by the mortgage company on Form 1098). The Diego family
also owns a vacation home in Breckenridge, Colorado, for which they
paid $4,100 of mortgage interest. (This is qualified mortgage interest for
a second home.)
The Diego family paid real estate taxes on their principal residence of
$3,400, $2,000 of real estate taxes on their vacation home and $3,200 of
sales taxes during the year.
The vacation home in Breckenridge was rented out for 120 days during
the year for which they received $12,000 in rental income. Jordan and
Diana made significant decisions such as approving new tenants while a
local management company handled the day-to-day needs. The Diego
family used it for 30 days for a personal vacation during the year. Other
expenses for the year for this vacation home (excluding interest and
taxes mentioned above) were: $700 for real estate management fees paid
to a local agent who handles the rental of the property, insurance
expense $2,200, repairs expense $500, and utilities expense $1,800.
Their depreciation expense for the rental use of this property for the year
is $1,455. They use the IRS formula for allocating interest and taxes.
The Diego family contributed $3,000 cash to their church and they have
the necessary documentation for this contribution.
9. Jordan had the following employment-related expenses that were not
reimbursed by his employer:
Jordan drove his BMW (which he purchased four years ago on
November 18) a total of 12,000 miles during the year. He drove 4,800
miles while conducting business during the first half of the year. In July,
the firm purchased several hybrid autos that the architects were then
required to use for all business travel rather than their personal autos.
These autos were kept at the firm's offices. Jordan used his personal auto
for the three-mile commute to his office, a total of 1,500 miles for the
entire year.
Jordan attended work-related conference in Los Angeles. He paid a
registration fee of $400 and incurred costs of $450 for transportation,
$625 for lodging, and $260 for meals. He was not reimbursed for these
expenses.
In August, Diana quit her job and began a consulting business. The
business code is 541990. She is operating the business under her own
name and rented a small office at 1234 Coral Way, Coral Gables, FL
33146. Since Diana began her business so late in the year, her consulting
income was only $8,000. She incurred the following expenses: $475
supplies, $210 telephone, $3,200 office rent, and $325 advertising. In
addition, Diana drove her two-year old Lexus on business 750 miles to
visit prospective and current clients. This car was also driven 7,000
miles for personal use. She materially participated in the business and
did not make any payments that would require filing Form 1099.
Jordan was born on April 1, 1975; Diana was born May 1, 1976. They
have health insurance for the entire family through Jordan's employer.
They have no foreign accounts.
Based on the information presented above, prepare a Form 1040
(married filing jointly), Schedule A, Schedule C (or C-EZ), Schedule E,
10. and Schedule SE using the forms available on the IRS Web site at
www.irs.gov.
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ACC 547 Week 5 Sales and Use Tax
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Sales and Use Tax: What is the Solution?
Introduction
Sales and Use Tax Laws
Should There Be a Federal Sales and Use Tax System?
Conclusion
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ACC 547 Week 6 Godfreys Assets
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When Godfrey died in 2016, his assets were valued as follows:
Asset Date of death valuation Valuation six months later
Stocks $2,220,000 $2,180,000
Bonds 4,600,000 4,620,000
Home 800,000 780,000
Total $7,620,000 $7,580,000
The executor sold the stock two months after the decedent's death for
$2,200,000. The bonds were sold seven months after the decedent's
death for $4,630,000. What valuation should be used for the gross estate?
Prepare a 350- to 700-word document that addresses and includes the
amount of taxable estate for each of the following:
Address the question at the end of the scenario.
If Godfrey came to you before his death and told you that he had a
spouse and two children under the age of 18, what kind of estate plan
would you suggest for him?
What if Godfrey had no spouse but had two children under the age of 18?
What if Godfrey had no spouse or children, but had a favorite niece?