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koban [17]
2 years ago
7

What was the main reason Europeans wanted to explore the New World?

Social Studies
1 answer:
rewona [7]2 years ago
8 0

Answer:God, gold, and glory motivated European nations to explore and create colonies in the New World.

Explanation:

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3 years ago
On an involuntary conversion in which the taxpayer does not buy replacement property within the replacement period, the gain on
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On an involuntary conversion in which the taxpayer does not buy replacement property within the replacement period, the gain on the involuntary conversion and any tax due must be reported in the year the involuntary conversion occurred.

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A taxpayer is anyone who owes taxes to the federal, state, or municipal governments, whether they are an individual or a corporation. Governments primarily obtain their funding through taxes, which are levied on both citizens and companies. Annual income tax obligations vary for people and businesses.

What is an involuntary conversion?

When your property is lost, taken, condemned, or disposed of under threat of condemnation and you receive other property or cash as payment, such as insurance or a condemnation judgment, this is known as an involuntary conversion. Exchanges that occur unintentionally are also known as forced conversions.

How can a taxpayer defer a gain on an involuntary conversion?

A taxpayer has the choice to choose section 1033 deferral after revealing the gain from an involuntary conversion by including a refund claim on an amended gain-year return. This statement and the actual election are clearly distinguished by the FSA, and as a result, each has a different statute of limitations.

Learn more about involuntary conversion: brainly.com/question/22715288

#SPJ4

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