We have to write up a tax memo. We are trying to identify if the car is
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We have to write up a tax memo. We are trying to identify if the car is a gift, if it will affect taxable income, or any other issues or nuances it will effect in the tax world.
Your client Jim Clark, president of Heavy Duty Fences, Inc. did business with Carol Smith, president of Pools for All, Inc. Occasionally, during phone conversations, at Smith’s request, Clark would provide the name of potential customers to Smith. This year Smith gave Clark a BMW to express her gratitude for all of his help. Clark does not believe that Smith would have sent the BMW if he had not provided the names of the potential clients.
Related Book For
Business and Administrative Communication
ISBN: 978-0073403182
10th edition
Authors: Kitty o. locker, Donna s. kienzler
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