Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
WHY VITA (Volunteer Income Tax Assistance)
Volunteer Income Tax Assistance (VITA) is a great tax preparation service provided to lower income families. The IRS set up this service as a way to provide free tax work for those who generally could not afford to have their taxes prepared professionally. I've evenofferd this service at the Muncie Ivy-Tech location for the past 3 years.
The IRS expenses to run this service includes sending out all the training materials (which consists of a large text book plus other booklets), any forms each site may need, contracting out a professional tax software company to provide the software as well as many other costs. One would think if the IRS put this much money into a free service, they would expect quite a windfall of taxes to come in. However, just the opposite generally happens. During the first day we were open, estimated the refunds of those to be about $20,000 in total. Why do you think the IRS goes to the trouble to provide this free service when most lower income individuals receive a refund?
How would your answer to Part a change if Karen had initially purchased the stock from another shareholder rather than organizing corporation?
Discuss whether Triceratops Toys Manufacturing Limited's profits are subject to Hong Kong profits tax for the year of assessment 2012/13. The financial year of Triceratops Toys Manufacturing Limited ends on 31 March each year.
A. Drew and Meg, ages 40 and 41, respectively, are married and file a joint return. Inaddition to four dependent children, they have AGI of $65,000 and itemized deduc-tions of $15,000.
Write the journal entry to record income tax expense, deferred taxes, and income taxes payable.
Explain the manner in which each of the above procedures might be tested and are securities registered in the corporation name?
Advise Alex on his tax implication on the income that he received. Discuss if Tony has any tax implication and as a result Alex was made redundant and was offered a redundancy payment of $40,000. Alex has worked in that company for 5 years.
Calculate Tims Australian taxable income and Australian tax payable for the year ending
Evaluate what is Alvin's recognized gain (loss) on this transaction and find what is Alvin's tax basis in his new building?
The Rowdy Fun is a limited partnership and was formed on June 1, 2005, by Thomas Kyle, its general partner, and two other limited partners when they each contributed an equal amount of cash to start the new enterprise.
Consider initial time interest is more than 1 and others are less than Want to understand if there is an increase, decrease, or no effect.
AIH – TAX –ACT304, Please prepare a statement for each loss/outgoing to Geoff advising him whether the above expenses are deductible or not for the year ended 30 June 2013.
Identify three areas to support the above statement and discuss how these areas would benefit a country in trade and commerce.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd