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TAX 6045 Writing Assignment Class 2 – Administrative sources Alfredo and Violetta Traviata (married last month) are enterprising young real estate salespeople. In addition to selling residential property professionally. They buy distressed real property and fix it up and weekends with the goal of ultimately flipping the properties. They buy, fix and sell between three (3) and (5) properties per year. Their primary goal is to flip the properties as soon as they are market ready. Sometimes they rent the properties for a period of time until the market is right to sell for the particular house. They did not generally rent properties longer than a year and a half if they can help it. But for those properties they can’t immediately flip, they rent for typically 13 months. They have been doing this for three years. Your boss brings you into the firm’s first meeting with the client. The clients provide a copy of their most recent 3 years of returns. You ask them how they are reporting the construction expenses and sales of their properties. They are really not sure they understand the question but say that everything they are doing is on schedule’s D and E, they think. They advise that Dave and Dave bookkeeping does their returns, but that they think they have outgrown their ability to provide services. After the meeting your boss says he is not sure the returns are properly prepared and you recall he said something about dealer vs investor in property and passive losses. Requirement: Using only administrative sources, Regulations, authoritative IRS pronouncements, write a memorandum discussing the relevant tax issues the clients face. Draft a letter of explanation to the clients

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Let's assume I'm interested in how future participants might perceive a brand-new deception detection test that I just created. I have no basis for how participants might feel after taking the test so I decide the best option would be to get a group of people together, and openly discuss their initial thoughts about the test. This way I can get a preliminary idea of how my test might be received for when it comes time to actually run an experiment. Which of the terms below best represents what I am doing here? Zach is conducting one-on-one interviews Zach is conducting a quantitative experiment Zach is running a statistical test on an experiment he already conducted Zach is conducting a survey Zach is setting up a focus group

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At the time that Stephen Chapman wrote his essay, "The Prisoner's Dilemma," a person caught for armed robbery in Illinois could be sentenced to prison for up to thirty years. (LO 6.4): true or false

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Identify the changes, if any, that occur in metabolism [increase (anabolic) or decrease (catabolic)] for protein, CHO, lipids, calcium and iron in the mother’s body by trimester. If change is not expected for a particular nutrient in a particular trimester, write N/A.

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Find the derivative of the function.\ f(x) = \sqrt{5 + x \sec x}

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An investor's portfolio has a current dollar duration of £1,555,000. His target is £2,250,000. The dollar duration of the relevant pound sterling futures contract is £3,527.92. To achieve his target duration, he should: A. sell 197 contracts. B. buy 197 contracts. C. buy 435 contracts.

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3. BAHS Company has three service departments and two production departments. The company supplies the following information: Service departments Production departments Finance Human Marketing Printing Packaging resources Total 40 000 70 000 60 000 135 000 87 000 overhead costs $ Overhead allocation % Finance 20% 30% 25% 25% Human 10% 20% 30% 40% resources Marketing 15% 25% 40% 20% *Allocate overhead to the production departments from the service departments using: a. The direct method b. The step-down method, starting with Finance. [6 marks] [7 marks]

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Question 7 (5 points) Saved On June 1, Babar Corporation borrows $40,000 from the bank by signing a 2-month, 4.5%, bank loan. Interest is due at the beginning of each month, commencing July 1. REQUIRED: Prepare the entries listed associated with the bank loan on the books of Babar Corporation (Show all calculations). a. Prepare the entry on June 1 when the loan was received. b. Prepare any adjusting entries necessary on June 30 in order to prepare the monthly financial statements. Assume no other interest accrual entries have been made. c. Prepare the entry to record the payment of the interest on July 1. d. Prepare the entry to record repayment of the loan at maturity on August 1. Note: Once you click in the table below, you can drag the dotted triangle at the bottom right corner of the text editor window to make it bigger. If you accidentally delete the below table, you can add a new one using the rich-text editor, or try to make your answer as clear as possible using paragraphs and spaces.

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Electromagnetic Theory Constants: - k = 9.10 Nm/C - e = 1.6 * 10^-19 C - Î¼â‚€ = 8.85 * 10^-12 C^2/Nm^2 - Î¼ = 4Ï€ * 10^-7 TmA Q1: Let A = -a + a + a, B = -a + a + a, C = -a + 2a. Find AÂ·B, AÃ—B, |AÃ—B|, and CÂ·(AÃ—B). mâ‚ = 9.11 * 10^-31 kg mâ‚‚ = 1.67 * 10^-27 kg Q2: (a) Show that AÂ·B + AÃ—B - AÂ·B = 0. (b) Show that AÃ—A = 0 and AÂ·(AÃ—A) = 0. Q3: If A = -4a - 6a + a and B = -2a + 5a, find AÂ·B + 2|B| and a unit vector perpendicular to both A and B. Q4: Let A = 20a + 15a - 10a and B = a + a. Find AÂ·B, BÂ·B, and the component of A along B. Q5: Let P = 2a - 4a + a and Q = a + 2a. Find R, which has magnitude 4 and is perpendicular to both P and Q. Q6: (a) Prove that P = cosÎ¸a + sinÎ¸a and Q = cosÏ†a + sinÏ†a are unit vectors in the xy-plane, respectively, making angles Î¸ and Ï† with the x-axis. (b) By means of dot product, obtain the formula for cos(Î¸ - Ï†). By similarly formulating P and Q, obtain the formula for cos(Î¸ + Ï†). (c) If Î¸ is the angle between P and Q, find P - Q in terms of Î¸.

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On 1st April 2020, the owners started their business with $100 000 deposited into the company's bank account. On 2nd April the company bought Goods for $10 000 by cheque. On 3rd April the company sold Goods for $25 000 on credit. On 4th April the company paid Phone expenses for $3 000 by cheque. On 5th April the company received Rent revenue $4 000 by cheque. On 6th April the company bought Plant & Equipment costs $25 000 on credit. On 7th April the company bought Building for $20 000 using cheque. On 8th April the company sold Plant & Equipment for $5 000 by cheque. On 9th April the company sold Building for $7 500 on credit. On 10th April the company paid Interest expenses of $ 5 000 by cheque. On 11th April the company received Interest revenue of $ 7 500 by cheque. On 12th April the company sold Goods for $60 000 by cheque. On 13th April the company received a $50 000 Loan from the Sohar bank and deposited it into the company bank account. On 14th April the company paid Salaries expenses $2 000 by cheque. On 15th April the company paid Rent expenses $2 500 by cheque. On 16th April the company bought Goods for $40 000 on credit. Required, 1. Journalize these transactions in General Journal 2. Post these entries to Ledger account 3. Prepare the Trial Balance.

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daniel p.