Dependency Tests

Ed provides financial assistance to several individuals. Determine whether the individuals listed qualify as dependency exemptions for Ed. Note that any dependency tests not mentioned have been met. 1.Ed's daughter Emily, age 21, is a part time student living in the college dorms. She also works...

Analyzing charitable facilities

When you hear the term taxation, you might assume it is a concern for accountants, but it is also a concern for health administrators today. When shifting the discussion from patient-centered issues to the facility, you must understand that facilities must operate under state laws, and it is those s...

Bankruptcy Law

Required to prepare a report discussing the following options for a client who is in serious business trouble. Our firm's client just recently revealed that his company was $2.9 million in debt and that his company is not incorporated. The client has reluctantly asked if our firm could advise him ...

Bankruptcy Law is scrutinized.

The law firm is in the process ofpurchasing a number of new company desktop computers, printers, notebook computers and servers. Your firm is planning to borrow money from a bank to complete the transaction. The IT manager who is in charge of the transaction does not understand what type of contract...

Bankruptcy & Personal Property Exemptions - Ohio

What personal property is exempt from bankruptcy proceedings in the state of Ohio? I understand there are different laws for each state within the United States - however is there a standard for the United States compared to other countries? I was researching bankruptcy and I was unable to determi...