Tag Archive | "Return"

If No Special Allocations Are Made, What Portion Of The Reduced Tax Rate Benefits Of Sec. 11(b) Can Be Claimed?


Angela owns all the stock of A, B, and P Corporations. P has owned all the stock of S1 Corporation for six years. The P-S1 affiliated group has filed a consolidated tax return in each of these six years using the calendar year as its tax year. On July 10 of the current year (a nonleap year), Angela sells her entire stock investment in A, which uses the calendar year as its tax year. No change takes place in Angela’s ownership of B stock during the tax year. At the close of business on November 25 of this year, S1 purchases 90% of the common stock and 80% of the nonconvertible, nonvoting preferred stock (measured by value) of S2 Corporation. A, P, S1, and S2 are domestic corporations that do not retain any special filing status. Which corporations are included in the affiliated group? In the controlled group? What income is included in the various tax returns? How is the allocation of the income between tax years made if the books are not closed on the sale or acquisition dates? If no special allocations are made, what portion of the reduced tax rate benefits of Sec. 11(b) can be claimed in the current year by the affiliated group? In future years?

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In This Situation Which Company’s Would Be In An Affiliated Group And Which Would Be In A Controlled Group?


Angela owns all the stock of A, B, and P Corporations. P has owned all the stock of S1 Corporation for six years. The P-S1 affiliated group has filed a consolidated tax return in each of these six years using the calendar year as its tax year. On July 10 of the current year (a nonleap year), Angela sells her entire stock investment in A, which uses the calendar year as its tax year. No change takes place in Angela’s ownership of B stock during the tax year. At the close of business on November 25 of this year, S1 purchases 90% of the common stock and 80% of the nonconvertible, nonvoting preferred stock (measured by value) of S2 Corporation. A, P, S1, and S2 are domestic corporations that do not retain any special filing status.

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Will I Still Get Eic If I Am Self-employed? How To File?


I worked at a regular job from Jan.-May of this year, and earned roughly $4,500 from that job. Starting in April I also started generating income from the web.. ebay, affiliate programs, etc. I have averaged $500/month since June.. leaving me with (so far) $6,500; With a projected income of about $9k-$10k for this year.
When I filed my return last year, I made 15k (before taxes) and got a refund of around 6k (for my EIC).. so I know I won’t be expecting close to that amount this year because I didn’t make as much money, but.. will my self-employed earnings count towards my EIC payout as income? Or will they only count the earnings I made at my regular job?
If I continue to be self-employed and it is my only income for the next year, will I still be eligible for EIC next year?
From what I understand I will file schedule SE with my 1040? Anyone with any advice, I’d greatly appreciate it. This will be my first time ever having to file taxes like this.

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Help Picking The Best Industry To Invest In?


Hi everyone
I would like to get some help to find the best futures industries. I know that is complicated and that everyone is going to say that if was that simple I would be the richest man in the world and bla bla bla. I use a combination of technical and fundamental analysis, most people tell you that you should find the best industries and then the best stocks on the top industries but then, the way that they pick the best industries is too technical and to vague for me. Like in the book “How to make Money in Stocks” that says that picking the right industry is half the return that you would get from a stock and then goes by saying pick the best 50 industries that have the best 6 month Relative Strength, then on a very similar book of Stan Weinstein “Secrets For Profiting in Bull and Bear Markets” says that you have to do stage analysis base on the 150 week moving average line.
To be honest if the industry that you select is so important I think that booth explanations are a bit simplistic, also I would like to get in the trend a bit before the industry is already over the moon.
I have been trying to find books about this topic without success, also I have search other strategies base more on fundamentals but they are all pure bottom up and they just compare the stocks with the industry and nothing else.
Please heeelllllllpppppppppp

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What Kind Of Strategy Would This Company Be Applying?


I am doing an assignment about a company called Cash Connections. It is a company that basically purchases your gold and gives you money in return. They also offer services such as western union, bank transfers, etc. www.cashconnections.org
This is the question I have to answer:
What is Cash Connections strategy? Which of the five generic strategies discussed in Chapter 5 most closely fits the competitive approach that Cash Connections is taking?
I have to apply one of these generic strategies:
1- Best Cost Provider Strategy: -Make an upscale product at a low cost.
2- Focused (Niche Market) Strategy. Concentrate on narrow piece of market.
3- Focused (Low-Cost) Strategy. Offering a lower price than competitors.
4- Focused Differentiation Strategy: – Targets upscale buyers who want world class attributes (eg Rolex, Rolls Royce)
I was guessing it would be number one or two.

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Where Do I Find People Willing To Promote My Wedding Business In Return For Commissions?


I would like to get more clients for my wedding caketoppers business. which is the best place to start looking for affiliates (whether they are associated in the wedding business themselves or just random people who can recommend it to their friends and earn some extra money).
are forums the best approach? or would that be considered as spamming?
thanks

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