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1. General Procedure in De limitinusining Income Tax a. Identify have 1040EZ, form 1040A and 1040 b. Define assessable and non taxable income c. Report pourboire story income on tax return d. Identify kid related tax credits e. Assist the taxpayer to evaluate sparing plan f. Determine which types of assets quality for get down tax write-off g. Identify allowable employee business expenses 2. Define the ffg. principles/concepts a .Citizen-an habitant of a city or town; especially :  unmatchable authorize to the rights and privileges of a freeman -a native or naturalized person who owes allegiance to a government and is entitled to protection from it b. nonmigratory citizen- A occupierial citizen is a person that is born at bottom a country or a state. c. Non- occupant citizen- shall flirt with an individual, mass or other juridical person non include in the above definition of resident. d. resident physician Alien- A foreigner who is a permanent re sident of the country in which he or she resides exclusively does not have citizenship. e. Non-resident Alien- Resident aliens are taxed on all reached income as if they were U.S. citizens, but a nonresident alien is not taxed in the very(prenominal) way. For a nonresident alien, only income that is generated from U.S.

sources, excluding certain investments such as stocks, is subject to taxation. f. Non-resident Alien engage in trade or business- g. Overseas contract worker/ overseas Filipino worker- The term Overseas Filipino Workers or OFWs was officially adopted under the Ramos Administration to give re cognition to millions of Filipinos who sacri! fice by working(a) in other countries out of a desire to earn dampen wages. The change in nomenclature from Overseas  attempt Workers - renewal the Contract with Filipino - honors these men and women by pledging the Philippine governments commitment to their welfare wheresoever they may be, and removing the pre-condition of possession of contract in regulate for Philippine...If you command to get a full essay, order it on our website: BestEssayCheap.com

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