Taxation

You do not need US citizenship to qualify for Social Security Disability Insurance (“SSDI”) nor do you need to be a permanent US resident. However, you must have legal status to work in The United States. In addition, you need to have a social security number assigned to you to work legally in the United States and earn the necessary work credits to qualify for benefits. Also, residents who are not US citizens and are from Cuba, North Korea, and Vietnam are unlikely to receive SSDI benefits.…

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…

I have provided my analysis on important audit and accounting issues of the Youth Singers below: This audit engagement will be high-risk due to the following factors: - YS is a new client therefore we are not familiar with their routines. - YS has never been been audited before therefore, any information about internal controls or management support cannot be obtained through previous auditors. - Segregation of duties is doubtful. One person is in charge for routine operational activities. -…

In the world, there are varying perspectives about whether understudies should pay for college or not. A few people presume that education is an essential right, which should therefore be given freely, while others think the student would need to repay the school. Various well-to-do countries around the world offer free public college. On the other hand, the United States requires the student to pay for their college education. It would be exceptionally profitable in the United States to not…

Sarah Anderson et al. answered “Yes” to the issue “Are U.S. CEOs paid more than they deserve?” in her article. She pointed out that the U.S tax code allow top corporate executives and financial leaders to avoiding paying their fair share of taxes and allow corporation to claim unwarranted deductions for exorbitant executive pay. Corporations could over pay corporate executives which including CEOs so that they could avoid paying income taxes. According to research at Equilar, which find out that…

California Corporate Reinstatement Our clients constantly come to us with two main questions: “Why am I suspended with the Franchise Tax Board?” And “How do I revive my business?” When a California business is suspended, the entity has lost all its rights and privileges and cannot legally operate until the corporation or LLC has been reinstated. During this suspension period, the entity is required to close its doors and stop all business related activity. In order to once again achieve good…

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…

All municipal bond income is not created equal. Income from private activity bonds is subject to the alternative minimum tax. Private activity bonds account for approximately 7 percent of the bonds issued last year. The most common issuers are airports and single family housing projects. The difference between private activity and a general obligation bond is that the private activity bond has corporate rather than government backing. The alternative minimum tax was intended from its inception…

● Reporting component Today I completed 3 tax returns together with my partner Rebecca Graham. ● What are your most vivid first impressions of the VITA site? Describe the settings, people, actions and positive or negative feelings you had. As I entered VITA cite I was surprised how friendly the environment was. My first interaction was with 2 cite coordinators. They were really helpful and explained me everything. All the volunteers and cite coordinators were in the same room with a little…

Hillary Clinton Health Care- Clinton will stand up to Republicans who led attacks on the Affordable Care Act, Clinton wants to build on its success to bring the promises for affordable 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…