Hi John and Jane, Please find my advice and recommendations on your tax issues below: John Smith tax issues: A – The $300,000 will be included as gross income. It is compensation for services rendered. B – I am having trouble understanding this $25,000 recovery for expenses paid. Was this the amount of money the client had already paid out of his pocket for your services? Or did you suffer these expenses to work on this case?
They are exploring a Reverse Mortgage on their single family home. Any proceeds obtained from a reverse will be used to make payments towards a $500,000 critical illness insurance policy which they currently hold, the monthly payment on this policy is $250 and the
It is important in the legal system to allow lawyers to offer their clients a contingency fee because it affords people who do not have the financial means to pay for court cost and attorney fees to have their case to go to court. •Explain the inherent danger(s) and disadvantage(s) of contingency fees. The biggest inherent danger and disadvantage of the contingency fee is that the attorney could lose the case and the client may be liable for all the attorney’s costs. Also in some
Even if the couple manages to work out these issues and stay together, it’s not a real marriage. Without communication, there is no relationship and therefore the marriage is doomed for divorce. There are several different reasons that can cause a couple to get divorce. When considering divorce much thought should be give before making a haste decision. Divorce is a very expensive and painful process that can
Cutting the benefits for Medicare off at 70 because that is the current life expectancy rate is justifiable, but is also arguable. An argument would be that disease can affect anyone of old age and with the age limit at 70 anyone who is still suffering from diseases like Alzheimer’s or other diseases. For the elderly that can’t depend on their families for financial support, it will be increasingly hard for them to pay for medication that they need or the medical procedures that they will have to receive in order to live through any illness that they have. By setting up the support that the elderly need now, it sets the scene up for the future elderly. When our generation and future generations grow old, there is no doubt that new diseases will arise and affect
For pure comparative, plaintiff damages are totalled and then reduced to reflect their contribution. For example, is the plaintiff is awarded $1,000 and the judge or jury says the plaintiff is 25% responsible for the incident, the plaintiff will actually get $750. For modified comparative, the plaintiff will not recover if they are found to be equally or more responsible for the injury. This is the most common approach. There was an accident in which the plaintiff was injured and sued the defendant for $100,00 to cover the cost of his injuries.
The effects of divorce on each child will differ from another child. Children will be effect by the living situation and may miss the parent who is no longer living with them. Divorce is hard for everyone, it might sound simple, but it’s not easy for a husband and wife to decide to end a marriage. Often times they spend a long time trying to solve the problems before deciding to divorce. But sometimes they just can’t fix the problems and decides that a divorce is the best solution for everyone.
If they can't, or you can't give them an explanation, then more than likely, you are not managing your time efficiently. Organisation is very similar to time management, but it's also different. If you've ever taken a coding class you know that organisation is the key to fixing any mistakes. If you don't have comments that describe what was previously stated or what will be stated, then you won't be able to find anything. This is just on example, but an unorganised person will disrupt work in any aspect of technology.
As it is pointed out in the case, whenever Jim Bakker needed money, he could just simply make a board member introduce a resolution for a bonus. Auditors could not find necessary documents to support expenses and revenue. Compensation was excessive far beyond the regulation of IRS. Many of the proceeds were used for exotic vacations, vacation homes and other inappropriate use. E) A 130 million dollar judgment was ruled against Jim Bakker, and to be paid to the plaintiffs.
THE EFFECTS OF COHABITATION ON MARRIAGE STABILITY Specific purpose: To invite my audience to explore divorce risk factors when cohabitation exists prior to marriage and when it does not. INTRODUCTION I. Since 1960 the divorce rate has tripled, and in 2003 about 50% of all marriages ended in divorce (Lloyd and Weiten 2003). The divorce probabilities are at their peak between 5 and 10 years into a marriage. With about half of all marriages deciding to get a divorce, it is important to further research and to try and determine why marital stability is declining.