The term "principal place of business" includes a home office used by a taxpayer for administrative or management activities of the business if no fixed location exists where the taxpayer conducts these activities.
Answer the following statement true (T) or false (F)
True
The term "principal place of business" includes a home office used by the taxpayer for administrative or management activities of the business if no other fixed location exists where these activities are performed.
You might also like to view...
Failure to record dividends paid would result in which of the following?
a. Net income being understated b. An increase in total liabilities c. Stockholders' equity being overstated d. Total assets being understated
A smurf attack involves three participants: a zombie, an intermediary, and the victim
Indicate whether the statement is true or false
Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $40,500; net cash used in investing activities was $15,000 and net cash used in financing activities was $19,500. If the beginning cash balance is $7500, what is the ending cash balance?
A. $43,500. B. $6000. C. $67,500. D. $82,500. E. $13,500.
According to philosopher Patricia Werhane, for an individual to expect respect for her or his personal autonomy, that individual has a ________ to respect the autonomy of others.
What will be an ideal response?