Common law is a synonym for: A) statuary law B) stare decisis C) administrative law D) law made by judges in case opinions

Q: How do I conclude a legal memorandum

A: Legal memorandum:   A legal memorandum in simple words refers to a formal, polished and a…

Q: w does a company determine if it should use an ABO, PBO, or VBO calculation? Is the determination…

A: ABO The estimated amount of a company's pension plan commitment at any one time is known as the…

Q: Pursuant to the Golsen Rule: a. the Tax Court must follow all Circuit Court of Appeals decisions.…

A: Golsen rule says that the tax court render different decisions , based on identical situation ,for…

Q: Rank the following sources of authority in order of authoritative value (with 1 being the…

A: Authority Authoritative value Internal Revenue Code 1 Final Treasury regulation 2 Revenue…

Q: will there be an instance where in the government may consider as primary user? please provide…

A: Government is defined as the group of people or the system that is used to govern the organised…

Q: on law countries accounting focuses on economic substance and the standards and procedures are…

A: the correct answer is FALSE .   IN LAW COUNTRIES . ACCOUNTING IS WORKING ON THE BASIS OF ACCOUNTING…

Q: Does the IRS acquiesce in decisions of U.S. district courts? O A. Yes. However, the IRS can only…

A: The answer for the multiple choice question and relevant explanation are presented hereunder : What…

Q: What kinds of deductions are prohibited as a matter of public policy?  Why might Congress deem it…

A: One definition of the public policy describes it as "a system of laws, regulatory measures, courses…

Q: What does the term​ "hazards of​ litigation" mean in the context of​ taxation?

A: Tax:   A tax is a compulsory charge or a levy imposed upon a taxpayer by a government organization…

Q: In the Eisner v. Macomber tax case, what were the facts of case, court decision, and reasons stated…

A: Eisner v. Macomber case was a tax case that was held before the United States Supreme Court.

Q: All are characteristics of the power of taxation, EXCEPT? a. It is an inherent power, b. It is…

A: The power of taxation is Compulsory, Comprehensive & Involuntary.

Q: In regard to ethics rules, what are the jurisdictions of the (a) AICPA PEEC, (b) SEC, (c) PCAOB, and…

A: Business ethics are also termed as corporate ethics which are determined and established moral and…

Q: Define the term the IRS? What are the guidelines of the IRS?

A:

Q: Congress has chosen to exempt certain income from taxation such as

A: The taxpayer pays taxes to the government on the income earned. The tax rules and regulations are…

Q: Does the IRS abide by district court judgements in the United States?

A: The Tax Courts of the United States deal with issues involving income taxes, death taxes, and other…

Q: Is it acceptable or unacceptable for government tax enforcers to interact with tax accounting…

A: Taxes are due by everyone in the country, whether they are a person or a business. Tax evasion is a…

Q: ce of BIR rulings ce of revenue memorandum circula ce of revenue regulations

A: The answer has been mentioned below.

Q: ical Advice Memoranda B. Private Letter Rulings C. Field Service Advice  C. All of the a

A: A private letter ruling refers to a scripted form of document formulated by the IRS to help the…

Q: principal and an agent, granting speci behalf of the principal. This is an example of:

A: Agent and principal are related in such a way that principal is bound by the activities undertaken…

Q: f ambiguity, tax exemptions shall be interpreted liberally in favor of the government. Group of…

A: Tax exemptions are given for the benefits of assessee.

Q: The salaries of the Chief Justice and associate justice of the Supreme Court are tax-exempt because…

A:

Q: Which itemized deductions are limited by AGI? Why do you think that Congress limited these…

A: Itemized deductions: An itemized deduction is an expenditure on eligible products, services, or…

Q: What statutes does the Commerce Commission have oversight of?

A: In the year 1986, a commission known as commerce commission was established with an aim to regulates…

Q: of an ad valorem tax on person al use property than for busine

A: Ad valorem taxes are proportional to the value of the asset on which it is charged.

Q: The following is an example of a Citator which provides details of how later cases or rulings have…

A: Shepard's Citator allows the researchers to track particular judicial decisions, statues and other…

Q: What is due process in the context of standard-setting at the IASB? A. IASB operates in full view…

A: IASB is the international accounting standards board formed to issue the accounting standards which…

Q: If the power of taxation is an inherent power and therefore there is no need for constitutional…

A: Tax is the amount which has to be paid to the government and the same has been computed on the basis…

Q: Arbitration is a judicial process in which parties submit grievance to an arbitrator who makes a…

A: Arbitration is an agreement in which parties agrees to resolve the dispute by a settlement.

Q: In common law countries accounting focuses on economic substance and the standards and procedures…

A: Common law is defined as the laws that are in unwritten form grounded on the legal precedents that…

Q: Briefly expalin what is government accounting and what are some good features on government…

A: The accounting sector includes several subfields. Public accounting is one of its components.…

Q: Which of the following is the highest authority for resolving federal tax cases? O US Supreme Court…

A: Tax litigation generally arises when the taxpayer does not pay the taxes or delays the payment of…

Q: Explain the meaning of “equity” in the field of national and international tax law.

A: Introduction: Equity is a concept in national and international tax law that refers to the…

Q: Which of the following are CORRECT regarding the execution requirements for witnesses of a valid…

A: Answer: Option B) I, II, III, and IV

Q: Do you agree that a business entity (other than a sole proprietorship) should have the same First…

A: Business organization is defined as the entity which aimed at carrying on the commercial enterprise…

Q: Write a summary of Case: Murphy v. BDO Seidman. Briefly state the facts of the case and explain the…

A: Murphy v. BDO Seidman was a case brought against BDO Seidman, LLP, an accounting firm, by three…

Q: Statement 1: BIR rulings are the final interpretations of the Tax Code. Statement 2: Supreme…

A: Statement 1: BIR rulings are the final interpretations of the Tax Code. - TRUE In some cases, the…

Q: Give at least three (3) lessons that you think are important in following State Law(Legal Law and…

A: State law:   It is a set of laws passed by the state government to maintain order in the state.…

Q: Which U.S. court's summary opinion may not be treated as precedent for another case? O U.S. Tax…

A: Here given the details of the opinion based decision which are taken consideration for treatment of…

Q: A Revenue Procedure issued by the IRS is an example of: Group of answer choices legislative…

A: ANSWER The IRS ( Internal Revenue Service ) is a division of  department of treasury. IRS is…

Q: What are your thoughts on tort reform in the United States? Should there be a limit on the amount of…

A: ANSWER   Tort reforms are the proposed changes made in the civil justice system of United States…