Taxation

The business that has a barrier to entry is the United States Postal Service or USPS. Sunk Cost and the Government regulations have created barriers are two to entry into the mail and postal market (Thomas & Maurice, 2010). While private companies have entered into the parcel market, to date no competitors have entered into the USPS mail and letter business. The federal government has made it against the law for anyone to use a mailbox other than the USPS. However, consumers bear the burden…

All Americans should not be entitled to healthcare because it could be harmful to our nation’s future. If everyone was entitled to healthcare, it will increase debt more than it already has, cause socialism, raise taxes, have doctor shortage, and over usage/ abuse of health care. If everyone was given the right to health care, it would increase debt. We are already in debt. Obamacare already caused us to go into debt, the increase of federal deficit could be a larger cost than Obama care…

The Westboro Baptist Church falls under IRS Section 501C which makes the church tax exempt, but they should have to pay taxes. To be in compliant with Section 501C of the Internal Revenue Code church must follow strict guidelines to keep their tax-exempt status. The organization cannot be organized or operated for the benefit of private interest. None of its earnings may inure to any private shareholder or individual. One of the biggest ways churches lose their tax-exempt status is becoming…

Implementing the opt-out system, the government has to concern about not only the medical supporting, but also the financial spending within the Budget. First, to run a new policy, the government needs to coordinate with legislation and consulate the public. Building an effectiveness opt-out system, the consent legislation or imitating "Spanish Model" is one of the ways because Spain has the highest organ donation rate in the global (Mclntosh, J., 2014). However, the debt of the Legislation…

Workers compensation insurance is an insurance policy carried by businesses that covers the medical costs and a portion of lost wages for an employee who is injured on the job. Workers compensation insurance covers workers injured on the job, whether they're hurt on the workplace premises or elsewhere, or in auto accidents while on business. Workers compensation insurance must be bought as a separate policy. In some states small businesses with fewer than three to five employees may not be…

The Congress passed the Sixteenth Amendment to impose a Federal income tax. Income tax gives the opportunity for the federal government to build bridges and roads, army, and also enforce laws and carry out other essential duties. The reason for the Sixteenth Amendment because after the Civil War, the industrial and financial markets increased of the eastern United States. Although the farmers of the west and south suffered from low prices for their farm products, due to the fact they were…

WHAT IS A VA LOAN? picture of family welcoming home military fatherVA loans are mortgage loans given by qualified lenders and guaranteed by the U.S. Department of Veterans Affairs (VA). These types of loans help U.S. military veterans purchase homes with competitive rates, no down payments, and no required private mortgage insurance. This program is also is designed to offer a long-term financing option to U.S. military veterans. To be clear, the government doesn’t make the loans; it simply…

The upcoming presidential election is going to be a tough one this year. The citizens and states are having a hard time choosing between Donald J. Trump and Hillary Clinton. Though many people side with both Trump and Clinton. Though if the people vote third party that would hurt both Trump and Hillary, but hopefully I believe that they will vote for Trump. Though Trump is more fitting to become our next president than Hillary for many different reasons. Like in their ideas about taxes, they…

The IRS requires that individuals and businesses must sign a federal tax return in order to register with the IRS and obtain a PTIN (Preparer tax identification number). Anyone who prepares or assists federal tax returns must have a valid 2015 PTIN. You would also need to successfully complete tests for all paid tax return unless you are a CPA, attorney, or enrolled agents. Any tax return who engage in unethical conduct would be suspended by the IRS. If you are trying to renew a PTIN, you would…

On 11/10/2015 client Orlando Torruella came to the SSO to meet with CM Mr. Best for an ILP meeting. HS De la Torre approached client to ask if they can stay a little longer to develop a Housing Plan with the family. Family agreed to stay. During meeting Mr. Torruella informed HS that last permanent address was located at 1550 Minford Pl. Bronx, NY from 03/09 to 05/10. As per family they just move to a new place; no more information was provided by the family. Family is currently residing at…