Case Study: Liberty Tax Service

Decent Essays
Show More
Liberty Tax Service first opened its doors in Canada in year 1997 and then expanded its services by opening five new locations in the U.S in 1998. The founder is CEO John Hewitt who was also the regional director for H&R Block. There are currently 4300 Liberty Tax Services locations in the U.S and Canada. Services include preparing and filing tax forms needed for individuals and small businesses to file their taxes. Examples of services provided is having the customer first fell out a questionnaire so that the tax preparer can complete and file the necessary forms that is required for the IRS. This questionnaire also helps the tax preparer determine the maximum deductions and credits the customer can take. Other services that are offered

Related Documents

  • Improved Essays

    Taxation Dulany Summary
    • 901 Words
    • 4 Pages

    Taxation Dulany Summary

    Considerations on the Propriety of Imposing Taxes in the British Colonies, for the Purpose of raising a Revenue, by Act of Parliament was a primary document written by Daniel Dulany in 1765. To give some context, this was around the time that the colonies and the British began to have hostility and tensions between them. In this document, Dulany writes about how the English government was treating the colonies unfairly and too harshly. Dulany never uses the word Stamp Act, but it is strongly implied that he is not in support of it. He believes that the way the colonists were being represented was too low of a status.…

    • 901 Words
    • 4 Pages
    Improved Essays
    Read More
  • Decent Essays

    Section 1031 Case Study
    • 556 Words
    • 3 Pages

    Section 1031 Case Study

    IRS Pronouncements 1. Rev. Rul. 68-363, 1968-2 CB 336 -- IRC Sec. 1031 - Based upon the ruling, it appears as though the main question was whether or not the location of the property transferred affects the applicability of Section 1031, which addresses the nonrecognition of a gain. For the particular taxpayer discussed in this ruling, he had exchanged a ranch in the United States for a Ranch in a foreign country and received $250,000 in cash.…

    • 556 Words
    • 3 Pages
    Decent Essays
    Read More
  • Great Essays

    Sales Tax Case Study
    • 1370 Words
    • 6 Pages

    Sales Tax Case Study

    As of December 31, 2011, what amount, if any, of sales taxes due should be recognized in eVade’s financial statements? 2. What effect, if any, does eVade’s decision to participate in the tax amnesty program have on the amount recognized as of March 31, 2012? 3. What amounts should be recognized in the financial statements for the $25 million payment on June 15, 2012?…

    • 1370 Words
    • 6 Pages
    Great Essays
    Read More
  • Decent Essays

    Eligibility Technician (Intake CMET)
    • 344 Words
    • 2 Pages

    Eligibility Technician (Intake CMET)

    As an Eligibility Technician (ET) from 05/2015 to present in the, CalFresh and Medical programs, I have gained experience both in the Intake and Continuing case processing. As an Intake Case Maintenance Eligibility Technician (Intake CMET) my duties include determining eligibility for Assistance Programs by interviewing customers with the use software programs that include: CalWIN, MEDS, CalHEERS, OnBase, WMS, and Microsoft Office to determine eligibility for: MAGI Medi-Cal (MAGI; TLICP; MCAP;MCAIP) Classic Medi-Cal(Non-MAGI, SOC), and Aged Blind and Disabled (MSP-QMB,SLMB,QI-1; Craig v.Bonta; DDS Waiver; DAC; Pickle; 250% Working Disabled Program) as it pertains to the policy and procedure. In addition, my duty is to explain rights and responsibilities, fraud and perjury, reporting responsibilities, and work requirements, if applicable, to…

    • 344 Words
    • 2 Pages
    Decent Essays
    Read More
  • Improved Essays

    Liberty City Seven Case Study
    • 1000 Words
    • 4 Pages

    Liberty City Seven Case Study

    The “Liberty City Seven” case served as a prototype for these terrorism sting operations. There is always a vast divide between the information in the initial news reports and the eventual reports after the government discloses all of the details in court. The Liberty City Seven were a group of young black males from one of the Miami’s poorest areas, Liberty City. They were approached by an undercover FBI criminal informant, Abbas al-Saidi who began his career as a drug snitch at the age of 16 and then transitioned into terrorism stings. He recruited the group to blow up the Sears Tower by offering to pay them $50,000, but there was no evidence that they would actually carry out “the plot.”…

    • 1000 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Internal Revenue Code (IRC): Case Study
    • 720 Words
    • 3 Pages

    Internal Revenue Code (IRC): Case Study

    In 1971, the United States Congress enacted the Section 7216 (§7216) of the Internal Revenue Code (IRC) (IRS, 2015). This provision served to prohibit unlawful disclose of tax return information by tax preparers (IRS, 2015). The purpose of this paper is to use the information provided in §7216 in concordance with the case of John Jones, CPA, to determine if confidentiality has been broken and is punishable by law. This paper will begin with a brief discussion of the statutes laid out in IRC §7216 followed by a section that will express an opinion on the case of John Jones and will conclude with a summary of the findings.…

    • 720 Words
    • 3 Pages
    Improved Essays
    Read More
  • Improved Essays

    Tax Increment Financing Case Study
    • 989 Words
    • 4 Pages

    Tax Increment Financing Case Study

    a part of the attraction of the use of tax increment financing is that no public vote is needed. Many states require votes on various sorts of bond issuance for public functions. every other gain selection-makers see is they can adhere to their "no new taxes" pledges and nevertheless provide extra infrastructure for the network. risks of Tax Increment Financing TIF appears to be becoming increasingly more popular, and an increasing number of abused.…

    • 989 Words
    • 4 Pages
    Improved Essays
    Read More
  • Decent Essays

    Kalt's Tax Service, LLC: Case Study
    • 72 Words
    • 1 Pages

    Kalt's Tax Service, LLC: Case Study

    Kalt's Tax Service, LLC provides free consultations.…

    • 72 Words
    • 1 Pages
    Decent Essays
    Read More
  • Improved Essays

    Citizen Liberty Union Case Study
    • 991 Words
    • 4 Pages

    Citizen Liberty Union Case Study

    I am working on the issue on the issue involving the American Citizen Liberty Union (ACLU). In order to find out, why this organization who protects our rights through the Amendments of the constitution is so controversial. This non-profit organization has been debatable for a number of countless reasons. The ACLU faces many civil debatable decisions before the Supreme Court. Does this have anything to do with the conspiracy theory which declares a New World Order?…

    • 991 Words
    • 4 Pages
    Improved Essays
    Read More
  • Decent Essays

    1986 Tax Reform Research Paper
    • 341 Words
    • 2 Pages

    1986 Tax Reform Research Paper

    First, the effects of the 1986 Tax Reform were fleeting; the majority of regulations imposed were later repealed at the behest of lobbyists and interest groups. These policy reversals show that even though legislators initially broke ranks in favor of the people, the power of interest groups and parties ultimately compelled congressmen to bat for their bankrollers. The day after Reagan signed the Tax Reform Act of 1986, the Wall Street Journal said, “The battle to get tax reform is over; the battle to keep it is just beginning…enjoy it while you can. Congress will be back on Jan. 6, and the movement to take away tax reform will start” (Chamberlin). It was apparent to the beltway denizen that this bipartisanship was unrepeatable and evanescent.…

    • 341 Words
    • 2 Pages
    Decent Essays
    Read More
  • Decent Essays

    Taxpayer Assessments: A Case Study
    • 249 Words
    • 1 Pages

    Taxpayer Assessments: A Case Study

    According to Kennedy back in 1961 there were a wide dispersal of legal service programs that recently accomplishments was embraced. (Salih, 2006) Furthermore no national legal service programs and additional groups devoted helping those underprivileged and underrepresented. Unfortunely at the present time the certain poverty laws had considered it to be too controversial for the government to support. (Salih, 2006)…

    • 249 Words
    • 1 Pages
    Decent Essays
    Read More
  • Improved Essays

    Tax Havens Case Study
    • 2297 Words
    • 9 Pages

    Tax Havens Case Study

    The biggest problem the U.S. government facing is that it does not know how much money taxpayers own in the Tax Havens. But, no country in this world can force other countries to change their regulations and laws, so the U.S. cannot ask another countries to change their laws to satisfy the U.S.. The effective way to limit the harmful effects is to ask other countries to share the information with the U.S. In May 2009; OECD removed Andorra, Liechtenstein and Monaco from the list of Uncooperative Tax Havens when these jurisdictions agreed to follow the standards of OECD, which include exchanging information. Tax Justice (2005) estimated the whole world might suffer 255 billion revenue cost of tax avoidance made by the individual. To understand how bad Tax Havens used by an individual in the U.S., people have to know the revenue cost of Tax Havens that caused by the individual.…

    • 2297 Words
    • 9 Pages
    Improved Essays
    Read More
  • Decent Essays

    The Uber's Use Of Taxmeters
    • 228 Words
    • 1 Pages

    The Uber's Use Of Taxmeters

    Uber has become one of the most favorite types of transportation today. Using our smartphones and the Uber App, we simply call the Uber to come and pick us up wherever we are. Uber quickly got a place in our hearts and its popularity is growing each day but it still has to deal with various legal battles around the world. You have probably heard that the Uber has faced charges for using its App as a taximeter.…

    • 228 Words
    • 1 Pages
    Decent Essays
    Read More
  • Great Essays

    IRS
    • 1079 Words
    • 5 Pages

    IRS

    Introduction The History and Job of the IRS President Abraham Lincoln and Congress created the Internal Revenue Service (IRS) in 1862. President Lincoln and Congress created the Internal Revenue Service (IRS) because they wanted to create a source of revenue from income taxes to pay for the war expenses from the Civil War. Ten years later, the income tax law was revoked, but was eventually revived by congress in 1894. The next year, “the Supreme Court ruled that the income tax was unconstitutional.…

    • 1079 Words
    • 5 Pages
    Great Essays
    Read More
  • Improved Essays

    Internal Revenue Service Case Study
    • 889 Words
    • 4 Pages

    Internal Revenue Service Case Study

    In this case the best approach to IRS examination is to promptly and fully cooperate from the outset, it will show them a good faith. According to the scenario shown here he failure the appointment, and he didn’t contact to examiner office right away to re-schedule. He needs representation, whereby he should fill out and sign a form 2848, power of attorney and declaration of representative, authorizing the CPA to represent him before the IRS, which in this case would be Sue Johnson, CPA. He definitely would need to bring all supporting documentation to substantiate the deductions, relating to travel expenses, entertainment expenses, and charitable…

    • 889 Words
    • 4 Pages
    Improved Essays
    Read More

Related Topics

Ready To Get Started?
Discover
Company
Follow
©2024 Cram.com
Privacy Policy |  About Ads |  Site Map |  Advertise  | 
  • Cookie Settings