« previous next »

Author Question: Briefly explain the defenses established by the courts to protect against abuse of evidence from net ... (Read 52 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?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Evidence that the ATP synthase is a rotary machine Evidence that the ATP synthase is a rotary machine
Vapocoolant spray application while passively stretching the paracervical muscles. Take care to prot Vapocoolant spray application while passively stretching the paracervical muscles. Take care to prot
Common skin signs are often evidence of an illness or disorder. A fissure is a crack-like sore or ... Common skin signs are often evidence of an illness or disorder. A fissure is a crack-like sore or ...
Sexual assault evidence collection kit. Sexual assault evidence collection kit.
Mechanisms to Explain the Effects of Massage Mechanisms to Explain the Effects of Massage
Genomic and fossil evidence has been used to estimate the times of divergence of human and Neanderth Genomic and fossil evidence has been used to estimate the times of divergence of human and Neanderth
Video: HDL (high density lipoprotein)

For a complete list of videos, visit our video library