Corporate Tax Essays

Turbotax and Taxcut

This article focuses on what individuals and families must consider when making financial decisions and plans to buy long-term care insurance. As people get older they have to plan for and make decisions about how to pay for nursing home care. If insurance in general provides protection against financial disasters, then long-term care insurance protects against medical disasters that cause financial hardship. Insurance in general pays for unexpected expenses that a person normally cannot pay for. Long-term care insurance pays…

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Cga Tax Assignment

Justina Stein comes to you, a CGA, for some tax advice on claiming $120,000 business investment losses in 2012 and in future years, from the sale of her shares which she believes may qualify as small business corporation (SBC) shares. She has heard that such losses are given special treatment under the Act. Briefly explain to Justina the special treatment given to business investment losses in the year of loss and in future years. Assume that Justina will earn $75,000…

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Importance of Family

THE FAMILY AS THE BASIC UNIT OF SOCIETY The family unit – principally a man and a woman living together in harmony and peace – is and always will be the basic social organization or unit of any society. This relationship alone provides stability in a sexual, emotional, intellectual and social way as no other can. This statement may seem prejudiced or biased against other forms of social organization, but it has proven true over hundreds and even thousands of…

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Tax Code

1. Falit (as cited by Robertson, 2007) states that one improvement in the 2007 proposal is that the Bush Administration still seemed fixated on the “Health Savings Accounts” which were too complicated to really help the average American, and simply expanding them would have helped little. Moreover, this needless complication created another “market distortion associated with conditioning the deductibility of insurance premiums on purrchasing a high deductible plan, hence, leaving some residual incentive to purchase coverage through an employer, and…

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