Principles of Taxation for Business and Investment Planning free essay sample

In 2014, Connor Inc. (a calendar year C corporation) announced its intention to construct a manufacturing facility in the Shenandoah Valley in Virginia. In order to convince the corporation to locate the facility in Augusta County, the county contributed a six-acre tract of undeveloped municipal land to Connor Inc. The appraised value of the land at the date of contribution (December 6, 2014) was $475,000. During 2015, Connor Inc. paid $9,300 to an attorney to do a title search to make sure that the corporation had uncontested ownership of the land. The corporation also paid $3,850 2015 real property tax on the land, $16,400 for a complete survey and detailed site map of the six acres, and $7,900 for two water wells drilled on the land.In January 2016, the attorney discovered that the Estate of Elsa Reynolds claimed title to the six acres and was preparing to file suit in Virginia state court to regain ownership and possession. The attorney advised Connor Inc. We will write a custom essay sample on Principles of Taxation for Business and Investment Planning or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page that the estate’s claim appeared valid and would be upheld by the court. Consequently, the corporation informed Augusta County that it was renouncing all claim to the land and would build its new manufacturing facility in Rockingham County. In August 2014, Connor Inc. purchased 115 acres of land in the Tidewater area of Virginia for a total price of $1,896,000. At date of purchase, the State Planning Commission zoned the land for agricultural use. Connor planned to formally request that the land be rezoned for residential development. Once the land was rezoned, Connor planned to subdivide it into half-acre lots and build single-family residences. At the time of Connor’s purchase, the State Planning Commission was decidedly pro-development and routinely approved such rezoning requests. Thus, at the time of purchase, Connor Inc. foresaw no legal impediment to its development plan.Before Connor’s attorney could file the rezoning request with the State Planning Commission, the Virginia Environmental Protection Agency issued new regulations expanding the definition of protected wetlands. According to Virginia law, protected wetlands may not be developed for residential or commercial use under any circumstances. Unfortunately for Connor Inc., the 115 acres in the Tidewater clearly fell within the definition of protected wetlands under the new regulations. After several conversations with members of the VEPA, Connor’s attorney concluded that Connor Inc. had no basis for requesting an exception to the non-development rule. For 2016 local real estate tax purposes, the 115 acres of wetlands have an assessed value of $50,000. Connor wants to sell the land but cannot find an interested buyer. Connor is now permitting the Virginia Audubon Society and the Boys Scouts of America to use the property for free to conduct bird and wildlife watching trips for their members.RequiredIdentify the tax issues suggested by these facts and formulate your research questions accordingly. After each question, show the IRC source, regulations and any court cases which may help you answer the questions.

AP English Literature Essay Samples - How to Use Them to Prepare For the Test

AP English Literature Essay Samples - How to Use Them to Prepare For the TestWe have already discussed AP English Literature essay samples and how you can prepare for the test with a well-written and well-researched essay. Preparing for this test does not mean that you are better than the other students in your class. In fact, you are likely to be better as compared to those of you who are taking the test for the first time.Most students today use course reading material to help them write their essays. It is important to take advantage of these resources and use them to your advantage. When preparing for the AP English Literature essay test, it is very important to read and understand the materials that you will be using. If you are unable to do this, you may find yourself falling behind the other students in your class.If you were to take a course reading and absorb everything that you could through the reading, you may find yourself having difficulty doing well on the essay portio n of the test. You may be forced to revise some of the material that you studied so much on. The ability to absorb the information and apply it to the written form is an essential skill to have in order to succeed on the test.This is why you should pay attention to AP English Literature essay samples. The process of preparation will be much more effective if you are able to find samples that provide students with information. Look at them carefully. Find the sources, read them and use the information to help you prepare for the AP English Literature test.Take some time to look at the sample from the perspective of an individual that is writing the essay for the exam. Most students cannot write with the same kind of clarity and insight that an essay has to offer. This is why they need to do their best to improve their skills as writers.If you want to improve your writing abilities, you should look for excellent examples of essays that you can look at and learn from. With all of the i nformation that you can gather, you will be able to make sure that you are applying the information to the written form in a manner that will be successful. You will be able to see an example or two of what you are writing about and use it to your advantage.There are many different types of essays that are used in different types of classes. AP English Literature is no exception. By looking at AP English Literature essay samples, you will be able to find out which types of essays you need to write in order to get the best grade on the test.These are just a few tips that you can use when you are looking for AP English Literature essay samples. You will also find that these resources will provide you with insight into the composition of the essay test. When you know what to expect and how to prepare for the test, you will be able to do very well on the AP English Literature test.