Will you be imprisoned for non-payment of tax? Is it absolute?

true or false In most situations, the total Social Security taxes levied on employers will exceed the amount of Social Security taxes withheld from employees.

Failure to furnish a completed copy of a prepared tax return no later than the time such return is presented for taxpayer signature may be subject to a penalty of?

2. A piece of equipment is purchased on March 1, 2020, and has a value of $54,000. It has anestimated useful life to the business of 6 years, and has an estimated residual value of $6,000.Assume that Straight Line Depreciation method is used:a) Calculate the Depreciation Expense for the first year of ownership of this equipment.b) Write the adjusting journal entry, dated March 31, 2020, to record the depreciationexpense for the month of March.c) Show the Fixed Assets section of the Balance Sheet at March 31, 2020.d) Write the adjusting journal entry, dated April 30, 2020, to record the depreciationexpense for the month of April 2020.e) Show the Fixed Assets section of the Balance Sheet at April 30, 2020.

In what circumstances can a taxpayer challenge an assessment outside the ordinary appeal process. Discussion should be strictly based on statutory and common law. Explain briefly.

When taxes are "too high", taxpayers start to cheat on their taxes and dangerous consequences can result.

If you wish to contest a tax deficiency, but pay the tax and file a claim and that claim is denied and now you file suit, you must file your petition in: a. US Court of Appeals b. US Supreme Court c. 14th judicial district court (Calcasieu Parish) d. US Tax Court e. US District Court

For an individual taxpayer in the United States, what benefit is provided by the foreign earned income exclusion?

What are the most common violations of the taxpayers in the Philippines that cause tax penalties? Enumerate at least 3 and how can you avoid such violations.

The salaries of the Chief Justice and associate justice of the Supreme Court are tax-exempt because they are employees of the government. TRUE OR FALSE?