Thursday, February 13, 2020

Tax cases and internal research memo Assignment

Tax cases and internal research memo - Assignment Example In this particular case, Artnell Company has faced obligation from the court of the United States regarding its transferee and tax payment. In this regard, it has been recognized that the issues has upraised from the deferral operations of its assets and liabilities. As an effect, it has been observed that the company has not been able to recognize its actual income due to irregularity. As a consequence, the company was not able to submit its due amount of tax. Correspondingly, the court of the United States has appealed for the penalty including the due tax amount of the Artnell Company. CASE 2 In this case the United States court has filed a charge against the Federal partnership tax returns of the Tampa Bay Devil Rays, Ltd. In this regard, the partnership firm has not recorded its income items on the basis of deferral method, which has affected the taxation of the company. Under section 451, a lawsuit against the company was filed for not maintaining the yearly income receipt adequately. On the other hand, under section 446(c), taxpayers are liable to pay the computed taxable income. In this regard, the United States court has recognized that $125,000 sponsor fee was unpaid. In this case, petitioner has kept all the record related to the income tax return on the accrual basis. The U.S. Supreme Court has identified the problem regarding the income of the firm. In this regard, the Supreme Court of the U.S. has sought for the cash receipts of includible amount. Moreover, during the inspection the Commissioner of the U.S. Supreme Court had asked for the receipts regarding installments including the due amounts as well as total payable amounts. During that phase the company has unable to show the gross income for the year. At the same time, due to deferral of prepaid income, company was not able to reflect its deferral income. Thus, under the section 41

Saturday, February 1, 2020

Personal Statement Example | Topics and Well Written Essays - 500 words - 45

Personal Statement Example As an experienced class lecturer, I know that my students have a tendency to go a few steps ahead of me in terms of their computer know-how since they are allowed the freedom to experiment with the technology and see where it goes. In order for me to ensure that I will always have the upper hand during class lectures, and also be in a better position for tenureship at the university, I need to beef up my educational resume and gain knowledge and information that my students have yet to come across or conceptualize in their minds. It is my duty and responsibility to ensure that I present the most current knowledge and trends in computing and informatics to them in a manner that they can easily absorb. I will admit that I also have a personal reason for wishing to complete a Phd, that of becoming a published professor in the future who will leave a definite impact upon the research being done in this particular field. Currently, I am on track in pursuit of my goal of becoming an Assistant Professor at SEU. However, I cannot fully achieve that goal without a PhD degree. I hope to be able to fast track my career plans after completing this degree and assisting or developing research that will help to shape the future of computing and informatics particularly in terms of its ability to help shape the future of my country. As a recipeient of a Saudi government scholarship grant, I feel privileged to have the opportunity to pursue my research plans in the field of Human Computer Interaction. This is a field of computer study that has a tremendous amount of professional growth potential in my country in terms of career advancement. I plan to get in on the ground floor and ride the trend all the way to the top. Becoming one of the most notable experts in this field in my country. It is because of my desire to actively pursue this research that I have chosen to apply for