« previous next »

Author Question: Briefly explain the defenses established by the courts to protect against abuse of evidence from net ... (Read 65 times)

chads108

  • Hero Member
  • *****
  • Posts: 507
on: Jul 6, 2018
Briefly explain the defenses established by the courts to protect against abuse of evidence from net worth, source and application of funds and percentage markup methods of proof.
 
  What will be an ideal response?

Question 2

The quarterly report that shows the tax liability for federal employee withholding, FICA Social Security and Medicare (employee) and FICA Social Security and Medicare (employer).
 a. 941
  b. 940
  c. W-3
  d. 8890


wergv

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jul 6, 2018
Answer to Question 1

 Net worth method: The user must establish a beginning net worth with reasonable certainty, consider all relevant leads, and establish a likely source of funding for the increase in net worth. Moreover, the defense is given wide latitude in presenting evidence of beginning net worth.
 Source and application of funds: The user must establish beginning cash on hand with reasonable certainty, and expenditures cannot be speculative or arbitrary.
 Percentage markup: The use of reliable percentages (ratios) and a supportable base are required. Even so, the IRS cautions against the use of this method, and no judicial precedent has been identified or cited.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Pre–steady state kinetic evidence for an acyl-enzyme intermediate Pre–steady state kinetic evidence for an acyl-enzyme intermediate
During World War I, advancing armies unloosed ferocious artillery barrages to destroy deeply entrenc During World War I, advancing armies unloosed ferocious artillery barrages to destroy deeply entrenc
The Cycle of Violence and Abuse in Intimate Relationships The Cycle of Violence and Abuse in Intimate Relationships
Bloodstained evidence. Bloodstained evidence.
Sexual assault evidence collection kit. Sexual assault evidence collection kit.
Experimental evidence of cytoplasmic localization in an amphibian oocyte. Experimental evidence of cytoplasmic localization in an amphibian oocyte.
Video: Effect of blood chemistry - stimuli, hyperventilation response and hypoventilation response

For a complete list of videos, visit our video library