Assisting a Family with their Tax Returns
Imagine that you are preparing taxes for a local tax service provider. A married couple named Judy and Walter Townson have come to you to seeking assistance with their federal income taxes. During your meeting with the Townsons, you gather the following information: •They are both 55 years of age. •They have two daughters and […]
How does the U.S. Tax Model Compare?
In 2017, Motley Fool reported that the U.S. Government spends about $2.7 trillion for various kinds of social insurance (Social Security, Medicaid and Medicare, unemployment compensation, veterans’ benefits, and the like). Please click here to view their report. In addition, another $604 billion, or 15.3% of total spending, went for national defense; net interest payments […]
How did the Indian Goods and Services Tax (GST) impact the Meerut
The essay is for the purpose of the International Baccalaureate Extended Essay. The essay should be divided into the following sub categories of impact of GST on revenue, impact of GST profit, impact of GST employment, impact of GST on sales, impact of GST on consumer confidence, impact of GST on producer confidence, impact of […]
Tax Issues Associated with Financial Planning
Assignment 2: Tax Issues Associated with Financial Planning Understanding the tax consequences of your financial planning decisions is very important. These decisions may sometimes have life-long consequences in addition to a one-time result. For example, when a person decides to save for retirement, there are tax consequences for each year when money is added to […]
