South-Western Federal Taxation 2019: Individual Income Taxes (Intuit ProConnect Tax Online 2017 & RIA Checkpoint 1 term (6 months) Printed Access Card)
South-Western Federal Taxation 2019: Individual Income Taxes (Intuit ProConnect Tax Online 2017 & RIA Checkpoint 1 term (6 months) Printed Access Card)
42nd Edition
ISBN: 9781337702546
Author: James C. Young, William H. Hoffman, William A. Raabe, David M. Maloney, Annette Nellen
Publisher: Cengage Learning
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Chapter 3, Problem 12DQ
To determine

Explain whether the given situation will have any impact on Person M. If there is any impact state the reasons.

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Jenny is a student from Sweden who comes to Australia to study for a four-year bachelor’s degree in business. Jenny lives in rental accommodation near the university with fellow students and works part-time at the university social club as a waitress. After six months, she has to withdraw from her studies and return to Sweden because her mother is unwell.Required: With reference to legislation, cases and tax rulings, advise Jenny whether she is a resident of Australia for tax purposes
Supposed CCS was formed with Nicole Johnson, Sarah Walker, and Chanzz Inc., a legal corporation owned by Chance Armstrong, as shareholders. Chance Armstrong is a U.S. resident but a French citizen. His mother has recently been diagnosed with a terminal illness, and Chance has decided to move back to France to take care of his mother and her affairs. He anticipates that he will live in France for several years and that he will no longer be considered a U.S. resident. Questions to consider include the following: If you were Sarah or Nicole, how would you react to Chance’s decision to move? Would you ignore the impact it may have on CCS’s S Corporation status? Would you pressure Chance to sell his CC stock to you? What are the consequences if Sarah and Nicole ignore the impact on CCS's S corporation status? Would this action violate tax law? Would this action violate ethical standards?
Jenny is a student from Sweden who comes to Australia to study for a four-year bachelor degree in business. Jenny lives in rental accommodation near the university with fellow students and works part-time at the university social club as a waitress. After six months, she has to withdraw from her studies and return to Sweden because her mother is unwell.   Required: With reference to legislation, cases and tax rulings, advise Jenny whether she is a resident of Australia for tax purposes
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