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sweet [91]
3 years ago
15

While visiting a client to deliver their 2019 tax documents, one of the owners approaches you and states: "The IRS says my trave

l is no longer business travel, but instead, is commuting. They are saying I am going to owe taxes on the money the company has reimbursed for my travel. I spend $1,500 per week traveling, and travel at least 50 weeks out of the year, traveling weekly to Houston on Monday, Los Angeles on Tuesday, Seattle on Wednesday, Chicago on Thursday, and Philadelphia on Friday. I leave my home in Atlanta early Monday morning, and on Friday night, I fly back to Atlanta, and my home. I visit different clients each time I visit the cities to which I travel. My job is to help them get their restaurants up and running, and I am usually there from start to finish, which takes anywhere from 3 to 9 months. I have been traveling like this for the past 10 years. That is a lot of money we are talking about. The IRS also said something about fraud, fines and penalties, maybe even jail time. Are they right? Can they send me to jail for doing my job? What should I do?"
Business
1 answer:
serious [3.7K]3 years ago
6 0

Answer:

Commuting refers to travelling from your home to your workplace. It generally refers to the distance that people generally travel to get to their office or any type of workplace.

While business travel refers to not only leaving your house to go to work, but actually going somewhere else to perform your regular business activities, e.g. going form one state to another to close a sale. In order for business travel to be effectively recognized as such, it must be necessary for your business activity and it should last more than one ordinary workday.

In this case, your client continuously leaves his house and goes form one state to another performing his normal business activities. This perfectly fits the IRS's definition of business travel.

Initially, you can try to solve this issue with IRS Office of Appeals (since you are right), but if that doesn't work, then you can go to Tax Court.

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Grosheim Incorporated has fixed expenses of $213,000 per year. Right now, Grosheim Incorporated is selling its products for $250
nirvana33 [79]

Answer:

781 units

Explanation:

Under the CVP concept, the break-even point is calculated by dividing the fixed costs by the contribution margin per unit.

i.e., break-even point = fixed cost/ contribution margin per unit

Currently, fixed costs are $213,000, an increase of 10% will take to

=(10/100 x $213,000) + $213,000

=$21,300 + 213,000

=$234, 300

The selling price is $250, an increase of 40%

=$250 x 1.4

=$350

variable cost will remain the same this year and the following year

Current variable  costs are 20% of sales

=20/100 x 250

=0.2 x 250

=$50

Contribution margin will be new selling price - variable costs

=$350-50

=$300

Break-eve point = $234, 300/300

=781 units

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3 years ago
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nydimaria [60]

Answer:

The salad bar has been the place with the multiple salad options at the counter. The disadvantage at school has been the increased cost.

What is the purpose of salad for students?

The salad has been given as the practice of the addition of the nutrition in the form of a tasty and healthy meal.

The addition of the salad bar to the school menu results in the increased cost of the meal for the students, which acts as a disadvantage to the students and the school. Thus, option C is correct.

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Explanation:

The salad bar has been the place with the multiple salad options at the counter. The disadvantage at school has been the increased cost.

What is the purpose of salad for students?

The salad has been given as the practice of the addition of the nutrition in the form of a tasty and healthy meal.

The addition of the salad bar to the school menu results in the increased cost of the meal for the students, which acts as a disadvantage to the students and the school. Thus, option C is correct.

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Free_Kalibri [48]
D is the answer I believe
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Customer relationship management -

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The CRM , takes help from the website of the compnay , emails , chats and even social media , to perform its task .

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