• The county provided the notice as required under the statute to Moore, but MBM was not informed about the pending tax sale either by the county auditor or by Moore. • The tax sale will be followed by a 2 year redemption period during which the “owner, occupant, lien holder or other person who has interest in the property may redeem the property”. • In 1977, Elkhart County initiated proceedings to sell Moore’s property for non payment of taxes. The property was sold for $1,167.75 to appellee Richard Adams on August 8, 1977. Neither Moore nor MBM appeared at the sale or took steps there after to redeem the property.
ACCT 422 Homework 6 Solutions https://hwguiders.com/downloads/acct-422-homework-6-solutions/ ACCT 422 Homework 6 Solutions 1. You are auditing general cash for a company for the fiscal year ended September 30, 2014. The client has not prepared the September 30 bank reconciliation,. After a brief discussion with the owner, you agree to prepare the reconciliation with the assistance from one the company’s clerks. You obtain the following information: (30 points) | General Ledger | Bank Statement | Beginning balance 9/1/14 | $15,000 | $17,800 | Deposits | | $31,051 | Cash receipts journal | $33,330 | | Check cleared | | (30,309) | Cash disbursements journal | ($27,101) | | September bank service charge | | (150) |
c. After purchasing a personal residence, Paul probably will no longer claim the standard deduction on the income tax return. Due to mortgage interest and property tax deductions he will itemize his deductions on Schedule A. 5. For wage earners, the tax system requires employers to withhold for taxes a specified portion of an employee’s wages. Persons with income form other than wages have to make quarterly payments to the IRS for estimated taxes due for the year.
Unfortunately in this case the customer Data Equipment Systems is unable to receive shipment until January 11, 2011 due to a lack of available warehouse space (Mintz & Morris, 2011). Reed needs to have that revenue recorded on the 2010 end-of-year financial report. Potential legal and ethical issues Reed is considering booking the $1.2 million sale in the December 2010 books and on December 30 approaches controller Marty Fuller to discuss the dilemma. Fuller explains the accounting rules about sales held for future delivery, although Reed understands the rules he
Team Discussion Question BUS 415 Renita Livingston, Jacob McMahan, Wendy Hughes ,Denisse Rojas July 7, 2012 Noel Woodward Paulette is the owner of the Rock On Mobile Home Park. For several years, Albert regularly collected rent for Paulette from the tenants of the mobile home park. Recently, Paulette learned that Albert pocketed some rent he collected, so Paulette fired Albert, and revoked his authority to collect rent payments from tenants. However, neither Paulette nor Albert told any tenants of Albert's termination. Yesterday, Albert went around to Theresa’s mobile home and asked for the rent.
Determine the facts: I will have the IRS examiner run an audit report for my client showing the additional tax, penalties, and interest that he/she is proposing. Let the IRS examiner know that my client and I will get back to them after we have a chance to study the report. 2. Identify the issue (ask questions): What my clients think he/she owes, decide if my client owe statutory interest from the due date of the return, and whether the IRS examiner is proposing any penalties such as late filing or accuracy penalties?
And I carry on about my normal life, thinking that my bank and its employees are doing what they are supposed do. The first inkling that I have is when I receive a threatening letter from my local authority, Brent telling me that I have missed my direct debit payment and that if I don’t pay within 7 days, the full years council tax I will be taken to court. However, the date I received the letter was 9 days after it was written and therefore two days past the deadline that they had set for me to
Lab 4 global catalog and flexible single master operations (FSMO) roles This lab contains the following projects and activities: Project 4.1Project 4.2Project 4.3 | The Global Catalog and Windows Server 2003 Domain Functional LevelEnabling Universal Group Membership CachingWorking with Flexible Single Master Operations Roles | Lab Review Questions | | Lab Challenge 4.1 | Using the DNS Console to Verify Global Catalog Records on the DNS Server | Lab Challenge 4.2 | Verifying FSMO Role Holders with DCDIAG | Lab Challenge 4.3 | Determining Whether an Attribute Is Replicated in the Global Catalog | Before You Begin Lab 4 assumes that setup has been completed as specified in the setup document and that your computer has connectivity
Ms. Thomas was unfortunately audited in 2008 by the Internal Revenue Service, and they found that these deductions were disallowed. Ms. Thomas requested to know if the IRS is correct or if there is a way to fight the ruling. While these expenses are qualified under IRC 162, as it is “an ordinary and necessary expense that was paid or incurred during the taxable year in carrying on a trade or business.” The United States Supreme Court held that “ to be engaged in a trade or business, the taxpayer must be involved in the activity with continuity and regularity and that the taxpayer’s primary purpose for engaging in the activity must be for income or profit; a sporadic activity, a hobby, or an amusement does not qualify.” Under code 162 and the Supreme courts definition of an expense and a business, the expenses that Ms. Thomas incurred are deductible by the Violet Corporation. Because Ms. Thomas chose not to submit them for reimbursement, she is not eligible to deduct them personally. In the Case of Robert O. and Rita R. Eder v. Commissioner, U.S. Tax Court, CCH Dec. 38,118(M), T.C.
One of the senior Registered Migration Agents has provided you with the following background information and has asked you to provide her with a memorandum of advice in plain English, upon which she can base a letter to the client. QUESTION 1 The client, Anna Lee, arrived in Australia on a subclass 676 tourist visa from Vietnam. She arrived 2 months ago and the visa was valid for 3 months. There was no 8503 condition attached to the visa but the visa had 8101 and 8201 conditions. The visa was cancelled yesterday as Anna was caught working as a fruit picker on a farm in country New South Wales.