Tax Refund Retained Earnings

Chapter 021 Corporate Earnings And Capital Transactions
D. credit to Income Tax Refund Receivable. 21. The worksheet for a corporation and a sole proprietorship are almost identical. The major difference is the Retained Earnings: Total, $155,000; appropriated for office building construction, $50,000. ... Read Document

Internal Revenue Code - Wikipedia, The Free Encyclopedia
That is, the 1986 Code retained most of the same lettering and numbering of subtitles, chapters Accumulated earnings tax and personal holding companies: 581-597: Banks Assessment, collection, and abatement; limitations on collection & refund: 6601-6751: Interest and non-criminal ... Read Article

Shareholders' Equity (2) - San Francisco State University
Income Tax Refund Rece. 3,000 Retained Earnings 3,000 Stockholders' Equity (2)- Retained Earnings * Prior Period Adjustments (Restatements) :(contd.) Presentation on the Retained Earnings Statement: R/E, as previous reported Jan 1, 20x5 $ ... Retrieve Full Source

Accounting For Income Taxes - University Of Idaho - Offering ...
If you carry back an NOL, record "income tax refund receivable" using the tax rate in effect the year you are carrying . to. Balance Sheet (Owners Equity) or Statement of Retained Earnings. a. ... Content Retrieval

CNinsure Reports Third Quarter 2013 Unaudited Financial Results
GUANGZHOU, China -- CNinsure Inc., , (the "Company" or "CNinsure"), a leading independent insurance intermediary company operating in China, today announced its unaudited financial ... Read News

Calculate Weighted Average Cost Of Capital - Business Finance
Because the interest expense on debt is a tax-deductible expense for the business firm. This is why many small business firms, unless they have investors, Even retained earnings have a cost, called an opportunity cost. These earnings could have been used in some other way. ... Read Article

Form 5452 (Rev. July 2003) - Internal Revenue Service
Beginning of the tax year $ Actual earnings and profits for the current tax year $ Shareholders at Date of Last Dividend Payment Retained Earnings Shown in Books Refund of prior year Federal income taxes e Other (list separately) d 8 Other (list separately) ... Read Full Source

Negligence -Chapter 5 Introduction - Saint Louis University
Retained Earnings Statement, Prior Period Adjustment---P4-6 Xiaoxiao Xia January 1,2010 257,600 Add: Gain on sale of investments(net of tax) 41,200 Net income 84,500 Refund on litigation with government, 21,600 Other Revenues and Gains Litigation refund (net of tax) ... Visit Document

How Long To Keep Tax Returns? - About.com Tax Planning: U.S.
Tax returns and documents related items on the tax return are important to keep. From a tax perspective, such documents may be needed in the event that the ... Read Article

Earnings And Profits - Uncle Fed
Of retained assets does not reduce the deficit in earnings and profits. §§1.61–12, results in a right to a tax refund due to the carry-back of the net operating loss, accumulated earnings tax is not includable in the corporation’s accumulated taxable income. How- ... Get Document

IRS Payroll Taxes In Los Angeles - YouTube
Http://www.irshelp411.com (800) 658-7590 Peter Y. Stephan's early research into the tax codes led him to specialize in IRS practices and procedures, in particular, the collections area, leading him to the tax resolution business. Peter Stephan built a firm with unique blend of skills ... View Video

Tax Brief - Dec 2008
• Determination of retained earnings for dividend declaration 07New Tax Treaty Protocol • Proper claimant of excise tax refund 04Court Decisions ... Retrieve Full Source

Incorporating: Tax Implications Different Business ...
Tax Treatment of Various Business Organizations How the income and expenses of the business will be treated for tax purposes is of the decision factors in deciding an appropriate organizational structure. ... Read Article

City Of St. Louis Office Of Collector Of Revenue
Account and the Earnings Tax Refund Account to the Escrow Account. The Collector of Revenue's office staff indicated they attempt to contact retained funds in the City to make it easier for taxpayers to collect their duplicate payments. ... Fetch Doc

Financial Statements, Cash Flow, And Taxes
Cash and short-term investments fell. Statement of Retained Earnings: 2004 Balance of ret. earnings, 12/31/2003 203,768 Add: Net income, 2004 (95,136) Less: Dividends paid, 2004 (11,000 the firm received a tax refund since it paid taxes of more than $63,424 during the past two years. ... Access Full Source

PROBLEM 4-6 - Saint Louis University
Retained earnings, January 1, as reported $257,600 Correction of error from prior period (net of tax) 25,400 This gain should not be shown net of tax on the income statement. 2. Refund on litigation with government—body of income statement, possibly unusual item. ... Read Full Source

Financial Statements, Cash Flow, And Taxes
AR and inventory almost doubled. Cash and short-term investments fell. Statement of Retained Earnings, 2005 Balance Sheet: the firm received a tax refund since it paid taxes of more than $63,424 during the past two years. Balance Sheet: Assets Effect of Expansion on Assets Net fixed assets ... Fetch Here

The Accumulated Earnings Tax: Displacement Of The Avoidance ...
Earnings and profits for the taxable year as are retained for the reasonable Therefore, no accumulated earnings tax was im-posed and the refund was ordered. On appeal to the United States Court of Appeals for the Sixth Circuit," ... Get Doc

Earnings And Profits (E&P) A. What Is E&P (earning And ...
E & P is NOT defined in the tax code – it is similar to retained earnings (a financial accounting concept) but it is not the same B. interest paid on loans to purchase tax-exempt securities (muni-bonds) b) federal income taxes paid ... View Doc

STATE OF ALABAMA DEPARTMENT OF REVENUE, DEPARTMENT OF REVE ...
Be taxed an retained earnings received from liquidating corporation in 1988. (1) the Taxpayers properly paid the tax in issue and no refund is due. This Final Order may be appealed pursuant to Code of Ala. 1975, ’41-22-20. Entered on February 24, 1992. ... Read Content

Shanda Games Reports Third Quarter 2013 Unaudited Results
HONG KONG, Nov. 26, 2013 /PRNewswire/ -- Shanda Games Limited ("Shanda Games," or the "Company") (NASDAQ: GAME), a leading online game developer, operator and publisher in China, today ... Read News

Favorite Videos - YouTube
Cash inflow, cash outflow, beginning balance, ending balance, cash flow summary, statement of retained earnings, statement of stockholder equity, paid-in capital, free cash flow, EBIT, NOPAT, after-tax profit, net working yield to next call, yield to refund date, refunding ... View Video

Taxation In The United Kingdom - Wikipedia, The Free Encyclopedia
Corporation tax is a tax levied in the United Kingdom on the profits made by companies and on the profits of but rather than receipts being retained directly they are pooled centrally who are normally liable to Class 2 flat rate NIC and Class 4 earnings-related NIC, and for some ... Read Article

Chico's FAS, Inc. Reports Third Quarter Results
FORT MYERS, Fla., Nov. 26, 2013 /PRNewswire/ -- Chico's FAS, Inc. (NYSE: CHS) today announced its financial results for the fiscal 2013 third quarter and thirty-nine weeks ended November 2, 2013. (Logo: ... Read News

PRC Tax - Deloitte
From 2009, designating the years’ retained earnings from which a dividend is paid will become a significant issue. circular makes clear that no tax refund will be granted for any reinvestment that is made from a 2007 interim dividend. ... Retrieve Doc

5452 Corporate Report Of Nondividend Distributions
Beginning of the tax year ' $ c Actual earnings and profits for the current tax year ' $ Shareholders at Date of Last Dividend Payment Retained Earnings Shown in Books Refund of prior year Federal income taxes e Other (list separately) d 8 ... Access This Document

Cashing-out The Corporation - Banff School
Cashing-out the corporation Tax-informed methods for Accumulating, Accessing and Extracting Liquid Retained Earnings some of the scenarios facing business people looking ahead ... Access Full Source