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  • Federal Income Tax

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    Darshan Patel
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    Middle class income$85,000 - $195,000 / household. Taxable Income: Gross Income less certain authorized deductions. Any use of corporate asset for personal purpose is a constructive dividend.

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    Middle class income$85,000 - $195,000 / household. Taxable Income: Gross Income less certain authorized deductions. Any use of corporate asset for personal purpose is a constructive dividend.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    18 views1 page

    Federal Income Tax

    Uploaded by

    Darshan Patel
    Middle class income$85,000 - $195,000 / household. Taxable Income: Gross Income less certain authorized deductions. Any use of corporate asset for personal purpose is a constructive dividend.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Federal Income Tax1 01/17/2012 *Middle Class Income- $85,000 - $195,000/household. I.

    Brief History of Taxation* Tax on Carriage 01/24/2012 *Taxable Income: gross income less certain authorized deductions. 01/26/2012 *Any use of corporate asset for personal purpose is a constructive dividend. *Gross Income includes the receipt of any financial benefit which is: 1. Not a mere return of capital, and 2. Not accompanied by a contemporaneously acknowledged obligation to repay, and 3. Not excluded by a specific statutory provision.

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