Discuss some items that are not taxable and possible reasons that Congress chose to make them exempt. Discuss this in detail please.
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Discuss some items that are not taxable and possible reasons that Congress chose to make them exempt. Discuss this in detail please.
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- Question: What kinds of deductions are prohibited as a matter of public policy? Why might Congress deem it important to disallow deductions for expenditures that are against public policy?Congress has chosen to exempt certain income from taxation such asPlease critically evaluate and discuss in detail how a deferred tax provision can arise under IAS 12, Income Taxes, and the available methods for calculating the deferred tax provision.
- Discuss how a deferred tax provision can arise under IAS 12, Income Taxes, and the availablemethods for calculating the deferred tax provision.What is BIR Form 1701 and 1701a and its importance? What are considered as Taxable Income in BIR Form 1701 and 1701a? What are the deductions to the Taxable Income made in BIR Form 1701 and 1701a? NOTE: Include in the answer the effects of CREATE LAW, cite as many as you can on the impact of this law.
