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Chapter Outlines - An Introduction to Tax 18:11 Who cares...

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An Introduction to Tax 18:11 Who cares about taxes? Businesses  Politicians  Individuals  Tax:       Key components (3) Equation Tax Rate:       Tax Base:       Marginal Tax Rate:     Average Tax Rate:     Equation Effective Tax Rate:     Equation  Proportional Tax Rate: (Flat Tax):     Ex: Progressive Tax Rate:     Ex: Regressive Tax Rate:     Ex:
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Federal Taxes:     State Taxes:     Implicit Taxes:     Income Taxes:     Employment and Unemployment Taxes:     Goal of tax accounting: Goal for financial accounting: Excise Taxes:     Estate and Gift Taxes (AKA Transferred taxes):     Sales Tax:     Use Tax:     Property Taxes:     Evaluation of Tax Systems: Sufficiency:     Static:     Dynamic:     Equity:     Horizontal Equity:     Vertical Equity:     Certainty:     Convenience:      Economy:
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Tax Compliance, the IRS and Tax Authorities  18:11 Taxpayer filing requirements
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Corporations: Estates and Trusts: Individuals Tax Return Due Dates: Individuals Corporations: Extensions to File Statute of Limitations: IRS Audit Selection Types of Audits  Correspondence examinations: Office Examinations: Field Examinations: Trial Level courts Tax Court: U.S. District Court: U.S. Court of Federal Claims: Tax Law Sources  Primary Authorities: o Statutory Sources 
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