As occurred in this case by the fact that the incorporation would be filed until November 1. In general on pre-incorporation contract, the promoters would be liable on a contract he makes for the benefit of a no-yet-formed. But also, because Goodman informed the managing partners of DDS that he would be forming a corporation, the promoters are not personally liable for pre-incorporation contract where the other party
Earned income of Mr. D was received by his agent on December 30, 2009, but not received by D until January 3, 2010. Mr. W received a check on December 30, 2009 for services rendered, but was unable to make a deposit until January 3, 2010. 6. Stan and Anne were divorced in January 2009. The provisions of the divorce decree and Anne's obligations follow: (1.)
This reduction is expected to be completed by January 31, 2012 and will approximately cost $3 million dollars. The cost of terminating employees shall not be recorded in the year ended December 31, 2011. ASC 420-10-25-4 says, “An arrangement for one-time employee termination benefits exists at the date the plan meets all of the following criteria and has been communicated to employees.” Following these guidelines we do not meet requirements, because we have not communicated to the employees the benefits they will receive upon termination and Pharma Co. hasn’t specified the job classification of the 120 employees. Otherwise, this cost will be recognized when incurred at fair
The previous negotiator said this would not be possible but I currently have the file with another negotiator (KIM PSHIRER) who may be able to assist. 11-19-09 I spoke to Bank of America on 11-09-2009. The rep stated that the borrower will be able to modify his mortgage but he needs to escrow the taxes and insurance with the mortgage payment. I was faxes the documentation supporting the yearly amount to be escrowed. I called today 11-20-09 > they are processing the documentation and doing their calculations.
3. When the SSSI representative contacted supply for a follow-up, he was told that they never received the DD Form 200. At this time, SSSI ordered an ITT indicator instead of resubmitting the report to clear the missing Due In For Maintenance (DIFM) asset. 4. Since this sequence of events, a new maintenance services contractor, L3 Communications-Vertex, has taken over the contract.
Known in this case as Johnson Services which has accumulated significant losses. Issues: 1. Outstanding purchase of stock (a) Mr. Jones would like to know if he should purchase the stock of Smithton outright, leaving Smithton intact. He also wants to know if he issues debt in his Johnson Services to pay for the Smith Company would that raise debt to equity issues (b) Mr. Jones also wanted to know should he convert Smithton to an S Corporation and change the fiscal year to a calendar year. (c) Mr. Jones also asked what are the potential tax ramifications that exist for
In April 1999 the IRS issued a deficiency notice disallowing the deductions because of section 469’s passive activity rules. The Carter Trust paid the disputed tax in full plus interest and made a timely refund claim, which the IRS denied. The trust then sued for a refund in district court. The court found the IRS’s contention that the trust’s participation in the ranch operations should be measured by referring to the trustee’s activities had no support within the plain meaning of the statute. The court said this position was arbitrary and subverted common sense and, in the absence of case law or regulations, the IRS should not create ambiguity where there was none.
Response: Sailors are allowed to submit TA applications at any time; however, effective 1 Oct 2010 applications will not be processed by the Virtual Education Center (VEC) or the Navy College Office (NCO) more than 30 days prior to the start of the fiscal quarter in which the class starts. 3. If my class starts in October, would I be able to submit my TA right now and would it be processed? Response: Yes, you can submit your TA application now for classes starting in October, and the VEC or NCO will process it as long as you have not depleted your FY10 TA allotment of 16SH/$4K.
Well it bit me and bit me hard. I was suppose to get out of the military in August of 2005, but as you figured that did not happen. Something called a stop loss was invoked; this is when the military says no one can leave until we figure out what we want to do. This is that part of that marriage when you really say I want a divorce and your partner looks at you with the look of, if I can’t have you, no one can. So I was stuck in the Army for another 18 months.
Having to wait over a year for a new model of iPhone is sending the rumour mill into delirium. Yesterday saw not one, but two analysts stick their heads above the parapet and oust the idea that Apple will later this year release two models of iPhone. It all started with a report from Deutsche Bank analyst Chris Whitmore who declared “Its time for a mid-range iPhone” and pointed towards Apple releasing a lower-end unlocked iPhone priced between $300 and $500 and aimed at the prepaid market, so in effect contract free. Whitmore went on to discuss the merits of releasing a pre-paid only iPhone, he notes that Apple had sold around 87 million iPhone units in the past 2 years “which suggests it has reached only 6% penetration of its current addressable subscribers,” adding, “we believe Apple has room to run both in terms of greater market penetration as well as incremental carrier additions going forward.” Whitmore then went onto to discuss how the lower-end iPhone, named the iPhone 4S would be priced at $349 in his estimations. For the record World of Apple has it from very good sources that the name iPhone 4S is a complete falsehood.