Taxation in the United States

Sort By:
Decent Essays
Good Essays
Better Essays
Amazing Essays
Best Essays
    Page 7 of 50 - About 500 Essays
  • Decent Essays

    S-Corporation Case Study

    • 432 Words
    • 2 Pages

    An LLC is also a pass-through entity, which means your entire portion of profits and losses passes through to you and you must report those on your individual income tax returns. Rev. Ruling 69-184, IRS states that member of the partnership is not an employee of the partnership so the right way to compensate the member for his services is to pay him “guaranteed payments” (section 707) and it is subject to self-employment tax like his share of entity’s profits…

    • 432 Words
    • 2 Pages
    Decent Essays
  • Good Essays

    ACCT525 Week 7 Assignment The CPA Horizons 2025 is a road to the future and it is a major step in the right direction by AICPA. The initiative has been on going for about a year and the professional body has come up with ideas on what’s the new big thing for CPAs to focus on and the accounting profession as a whole. CPA Horizons 2025 brings about insights from more than 75,000 comments from CPAs from all sectors of the accounting profession and to discuss what is at stake and challenges that…

    • 1002 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Given all the information listed above, my personal thoughts on how I would go about preserving Social Security are as follows: First, I would increase the tax rate towards Social Security from 6.2% to 7.2%. Second, I would increase the cap for the portion of an individual’s salary that would be taxed for Social Security to $250,000. Third, I’d make sure that 90% of all American’s annual income is taxed for Social Security. Finally, I’d also want to make a promise within my policy that assures…

    • 314 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Offering a retirement plan to your employees is one benefit to help draw better workers to your company. Certain kinds of retirement savings plans also produce tax benefits for any contributions you make as an employer. Examine some of the most popular retirement accounts you can find on the market, with the benefits, pros and cons of each. 401(k) One of the most talked-about plans is the 401(k), and any company can sponsor this type of retirement savings account. For 2016, employees can put…

    • 891 Words
    • 4 Pages
    Good Essays
  • Good Essays

    MACRS is an abbreviation for Modified Accelerated Cost Recovery System, which is the term given to the system created by the IRS to regulate the depreciation of property obtained for business use. Basis is the amount paid to obtain the property, which in this example is $350,000. Take note that because MACRS fully depreciates property, salvage value is not a factor in calculating the basis. A property's classification establishes which depreciation method you are able to use, in addition to…

    • 643 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Reg, To follow-up on our discussion from Friday, here are the specifics of the waiver conversation with Christina: The waiver will create a new program called AHCCCS CARE, which stands for Choice, Accountability, Responsibility and Engagement. AHCCCS CARE will apply to all able bodied adults. AHCCCS estimates this to be between 250,000 and 350,000 members and touches all of the current eligibility categories, e.g. Proposition 204, Restoration, Expansion, and traditional Medicaid. Also, members…

    • 636 Words
    • 3 Pages
    Good Essays
  • Good Essays

    preparer or accountant to assist you with filing your taxes. Guy La Monica, and his team at RKL Tax Service LLC are prepared to help you determine how your household employment taxes need to be handled, ensuring you are in compliance with the federal and state government standards. Who is a Household Employee? In short, a household employee is anyone that you hire to do work from your home. The most common types of household employees are nannys and babysitters, elder care professionals, lawn…

    • 917 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Tax Returns

    • 860 Words
    • 4 Pages

    doing tax returns. I realized that this means a lot to them and they really value our efforts and willingness to file their taxes. The cite coordinator also thanked us and told that we did a great job. I look forward to my next visit to volunteer a t United…

    • 860 Words
    • 4 Pages
    Good Essays
  • Good Essays

    healthcare to more Americans. She wants to reduce the cost of prescription drugs and bring down out-of-pocket costs like copays and deductibles. Hillary Clinton wants to fight for health insurance for the lowest- income Americans in every state by encouraging states to expand medicaid and access to affordable healthcare to American families and individuals who have difficulty finding an affordable and quality health care. Clinton wants a double funding for community health centers and support…

    • 2211 Words
    • 9 Pages
    Good Essays
  • Good Essays

    Introduction The MacDonald family had a very well planned out and stable budget plan. One day, unexpectedly, Courtney MacDonald has lost her spouse due to a diving accident and it is now her responsibility to keep the family budget as stable at it was previously. Some of these responsibilities will include; compensating for the loss of income, revising their previous budget plan and continuing to plan for the unexpected future. Luckily, she and Ryan had planned ahead and she will receive…

    • 1144 Words
    • 5 Pages
    Good Essays
  • Page 1 4 5 6 7 8 9 10 11 50