Business, 30.11.2019 02:31 madiburnss
Our clients purchased 100 bitcoins for a total of $50,000 in 2013. bitcoins are now worth $7,500 each, after reaching a peak of over $17,000. the husband thinks they should consider selling now, before the bitcoin market bottoms out. the wife is concerned with paying capital gains tax on so much money and wonders about making a significant charitable contribution but agrees that they should sell the bitcoin. our client is comfortable gifting $250,000 to charity but cannot agree on where to make the contribution. the husband doesn’t think it will save them that much in taxes and worries about making significant donations in one year. he’s heard good things about setting up a private family foundation and wonders if that is a good way to spread out the contributions over several years. the wife wishes to donate it to their high school alma maters, public schools in ohio. prepare a memo making a recommendation on how our clients should structure their contribution in order to receive the best tax advantage, including a projected tax liability assuming the bitcoins are sold in 2019. you can find their 2018 tax return in their permanent file, and assume future income, deductions, withholdings – except for the sale of the bitcoin – will remain the same. write a memo advising the clients.
Answers: 1
Business, 21.06.2019 18:20, Heavengunn15
Which of the following is intended to demonstrate to an employer the importance of cooperating with workers? a. a collective agreement. b. a stock offer. c. a boost in production. d. a work slowdown. 2b2t
Answers: 2
Business, 22.06.2019 07:20, amcdonald009
Suppose that real interest rates increase across europe. this development will u. s. net capital outflow at all u. s. real interest rates. this causes the loanable funds to because net capital outflow is a component of that curve.
Answers: 1
Business, 22.06.2019 09:40, leomessifanboy678
As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?
Answers: 3
Our clients purchased 100 bitcoins for a total of $50,000 in 2013. bitcoins are now worth $7,500 eac...
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