Writing Assignment Name of the studentUniversity Writing Assignment Charlie Adame is mindset is unacceptable and flawed. It also goes against the rules of a cash basis taxpayer. Charlie may have this idea due to the fact that cash basis taxpayer is supposed to make deductions and effect tax payments when the actual cash hits the firm’s accounts. This is different from accrual basis which effects tax operations at the point of accounting. Charlie Adame is not aware of the rule that states that one cannot withhold or postpone payments from The gains are calculated thusly Owen = 5500-500-2000=$ 3000 Lisa= 6000+500-2500 =$4000 Third party=5800-6000=$-200 References Erb K. P. (2017 November 29). Figuring Out Your Form W-4: How Many Allowances Should You Claim? Retrieved December 09 2017 from www.forbes.com Justice D. O. (2001 May). Criminal Tax Manual 11.00 -- FRAUDULENT WITHHOLDING EXEMPTION CERTIFICATE. Retrieved December 09 2017 from www.justice.gov 544 (2016) Sales and Other Dispositions of Assets. (2017 September 11). Retrieved December 09 2017 from www.irs.gov Shron W. H. (1960). Accounting periods and methods. New York Certified Public Accountant (pre-1986) 30(000003) 200. [...]
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