When the tax benefit of a deduction or credit is claimed on a tax return, an enterprise pays less cash to the government and retains control of the "benefit" until the taxing
authority asserts a sustainable claim.
Some, but not all of these states, provide a credit mechanism between the income tax and the premium taxes paid to the taxing
This distinction is important; when specific assessed taxes remain unpaid, a taxing
authority can protect its claim by filing a tax lien in the county in which the taxpayer owns property.
* The company makes the scheduled donations to the County for the benefit of the County and the taxing
What access to these electronic or computer records will be given to the taxing
Although an appreciation tax would reduce the tax burden on many estates by taxing
only appreciation and at significantly lower rates than the current estate tax, the distribution of that burden would fall most heavily on small estates.
Such a VAT should also whittle the corporate income tax down to a 20- to 25-percent rate and eliminate the complex rules for taxing
corporate income earned abroad.
The court explained that the state had delegated this type of taxing
authority to Charleston by enacting S.C.
authority] or its authorized representatives as
Within the tax area, engagements for individuals account for 59% of total tax claims, while those for C-Corps and S-Corps account for 25% and 12%, respectively."(1) In addition to both a more competitive market and the threat of lawsuits, increased regulation within the profession and from external taxing
authorities also affects practitioners' ability to operate successfully.
Does the taxing
authority have adequate hardware and software resources available to conduct an audit of electronic records?
and the foreign country are effectively taxing
some portion of the foreign income.