answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Why is the determination of whether a taxpayer materially participates important?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Natural Sciences

What is the biggest tax refund ever?

Any refund over 2 million dollars must be approved by the joint committee of taxation of the congress. There are thousands of those alone each year. The amount of the largest refund will never be known as ll IRS info regarding a taxpayer is strictly confidential. Certainly many refunds of 100s of millions have been made over the years (most likely all to corporations who may also pay many times that on any given year).


Who pays astronomers?

Many of them are paid via grants from the government, or they work directly for the government (ex. in an agency such as NASA). Either way, they are paid with taxpayer dollars, if they are paid at all.


What good do bonds do?

A surety bond is a promise to be responsible for the debt, default, or failure of another. In most instances, bonds are required by federal, state, and local governments to protect the taxpayer dollars that are paying for the project. By being bonded, a company is saying that they have undergone the examination by a surety and has been qualified to do the project. If it's a single individual, then it's most likely a license bond which guarantee that the principal will follow the terms of the license for which they filed. They protect the citizens of a city, county or state from damages stemming from the actions of the principal, and require the principal to comply with all laws. They are a prerequisite to the granting of the license or permit.


How much does GPS cost an individual American taxpayer per year?

GPS satellites are maintained by the US Department of Defense and Department of Transportation. The total cost from 1974 to 2016 is estimated at 14 to 22 billion dollars (1995 dollars). Adjusted for inflation, this is $1.63 per person per year in 2015 dollars. rand.org/content/dam/rand/pubs/monograph_reports/MR614/MR614.appb.pdfThe annual operating cost is estimated to be $750 million, which would be $2.33 per person per year. nation.time.com/2012/05/21/how-much-does-gps-cost/


What are the reasons not to be bonded?

A surety bond is a promise to be responsible for the debt, default, or failure of another. In most instances, bonds are required by federal, state, and local governments to protect the taxpayer dollars that are paying for the project. By being bonded, a company is saying that they have undergone the examination by a surety and has been qualified to do the project. If it's a single individual, then it's most likely a license bond which guarantee that the principal will follow the terms of the license for which they filed. They protect the citizens of a city, county or state from damages stemming from the actions of the principal, and require the principal to comply with all laws. They are a prerequisite to the granting of the license or permit.

Related questions

Why is decision support is important?

We have an obligation to use American taxpayer dollars as if they were our own


Why is decisiveness important?

We have an obligation to use American taxpayer dollars as if they were our own


Decision support is important because of what?

We have an obligation to use American taxpayer dollars as if they were our own


Is taxpayer one word or two words?

According to Taxpayer Alliance it is one word.


Who will be the big losers if Obama devalues the dollar?

You, taxpayer. =( You, taxpayer. =(


What type of cases does the US tax court hear?

AnswerChallenges by U.S. taxpayers to IRS assessments in situations in which the taxpayer doesn't pay the tax until a determination of the court is made. (The U.S. District Court hears them when the taxpayer pays the tax and sues for a refund.)AnswerChallenges to the US Tax Codes by taxpayers whose appeals to the tax collecting agencies of government have been rejected.


Where can one find more information on IRS Taxpayer Representation?

One can find more information on IRS Taxpayer Representation on the IRS website, in the section titled 'Taxpayer Rights'. In this section it describes the right one has as a taxpayer, including the right to representation.


What is the bail out mean?

THE UNITED STATES GOVERNMENT INVESTING IN THE TAXPAYER...? ADDED; HUH ??? The taxpayer IS the government.


When did Taxpayer March on Washington happen?

Taxpayer March on Washington happened on 2009-09-12.


Is TAXPAYER identification no necessary for a doctor's clinic?

TAXPAYER identification number is not necessary when visiting a doctor's clinic.


What are some taxpayer-funded services?

Some taxpayer funded services are * The library, * Public transportation * And recreation centers.


Do taxpayer dollars go to death row?

Taxpayer dollars support the entire corrections system - so - in that sense - yes, they do.