Scatter Plots with Car Related Data Part 4 Statistics & Excel join our Accounting Instruction Free Month Membership here: https://mailchi.mp/162b76dee17d/3vb67kuoou ... https://www.youtube.com/watch?v=3rPMOG73_ds

IRS Free File marks record increase; available through Oct. 15 https://www.irs.gov/newsroom/irs-free-file-marks-record-increase-available-through-oct-15 https://accountinginstruction.info/ The Internal Revenue Service announced today that Free File, the IRS-private sector partnership that offers free tax preparation products, scored a record percentage increase in new users as taxpayers turned to free name-brand providers in 2020. IRS Free File online products marked a 50% increase this year as more than 4.1 million taxpayers used one of the free online partner products. Last year, more than 2.7 million taxpayers used Free File. Free File remains available through October 15 for those taxpayers who still need to file their 2019 return. "The IRS has worked with our partners to make important improvements to the Free File program this year, and we are encouraged by the strong increase in usage," said IRS Commissioner Chuck Rettig. "The IRS remains committed to supporting and promoting this free service that benefits so many taxpayers." Additionally, 96% of the people who had no filing requirement and who registered for an Economic Impact Payment used an online tool supported by Free File Inc., the consortium representing the tax software providers who partner with the IRS. Free File Inc. developed the Non-Filers: Enter Payment Info Here tool that gave Americans with no filing requirement a free way to get their Economic Impact Payment. More than seven million non-filers have registered for the payments so far, with more than 6.7 million Non-Filers using the Free File Inc. product. The Non-Filers tool, available on the IRS.gov homepage, remains available through November 21, following the announcement that the deadline for non-filers to register had been extended. How Free File works Taxpayers whose adjusted gross income was $69,000 or less in 2019 can choose from multiple online preparation products, in English and Spanish. Taxpayers whose income was higher can opt for Free File Fillable Forms, the electronic version of IRS paper forms. Here's how taxpayers can use Free File: Go to IRS.gov/freefile Select "Choose an IRS Free File offer" Choose between "Browse All" and "Start Lookup Tool" to find the right product for you Follow links to the Free File providers tax product In 2003, the IRS and the Free File Alliance, now Free File Inc., a consortium of tax software providers began offering free tax software and free electronic filing to taxpayers. There currently are 10 partners offering free products, including two products in Spanish. IRS Free File is the main provider of free, electronic tax preparation services for low- to moderate-income Americans and, in aggregate, one of the top e-file providers within the tax industry. ... https://www.youtube.com/watch?v=58EzF0Eth7c

Settlements begin in syndicated conservation easement transaction initiative https://www.irs.gov/newsroom/settlements-begin-in-syndicated-conservation-easement-transaction-initiative WASHINGTON — As part of a continuing effort to combat abusive transactions, the Internal Revenue Service announced today the completion of the first settlement under its initiative to resolve certain docketed cases involving syndicated conservation easement transactions. On June 25, 2020, the IRS Office of Chief Counsel announced that it would offer to settle certain cases involving abusive syndicated conservation easement transactions. Since then, Chief Counsel has sent letters to dozens of partnerships involved in these transactions whose cases are pending before the U.S. Tax Court. "We are seeing movement on these settlements," said IRS Chief Counsel Mike Desmond. "Given the potential for significant penalties, we anticipate more taxpayers will take similar actions and ultimately accept these offers, and we encourage them to do so." The IRS will continue to actively identify, audit and litigate these abusive transactions as part of its vigorous effort to combat abuse in this area. These transactions undermine the public's trust in tax incentives for private land conservation and in tax compliance in general. Ending these abusive schemes remains a top priority for the IRS. The IRS continues to strongly recommend that participants seek the advice of competent, independent advisors in considering the potential resolution of their matter. The settlement requires a concession of the tax benefits claimed by the taxpayers and imposes penalties: All partners in an electing partnership must agree to settle to receive these terms, and the partnership must make a lump-sum payment representing the aggregate tax, penalties and interest for all of the partners before settlement is accepted by the IRS. Chief Counsel will allow investors to deduct the cost of acquiring their partnership interests but it will require a penalty of at least 10 percent. Partners who are promoters of conservation easement schemes are not allowed any deductions and must pay the maximum penalty asserted by IRS (typically 40 percent). If less than all the partners agree to settle, the IRS may settle with those partners but will normally impose less favorable terms on the settling partners. This week, the first settlement under the terms of the initiative was finalized. Coal Property Holdings, LLC and its partners agreed to a disallowance of the entire $155 million charitable contribution deduction claimed for an easement placed on a 3,700-acre tract of land in Tennessee. On October 28, 2019, the Tax Court issued its Opinion (153 T.C. 126) granting the government's motion for partial summary judgme ... https://www.youtube.com/watch?v=O0rfE61HDRM

Second Degree of Operating Leverage, Degree of Financial Leverage, & Combined Leverage Part 2 Recourse: https://1drv.ms/u/s!Ap8mLpFX7uo9ukmIzdo9iUsvqqaE?e=SwI4Hs Playlist: https://www.youtube.com/playlist?list=PL60SIT917rv5eY9VJaejBk48_kVW2LRIh Corporate Finance https://accountinginstruction.info/ ... https://www.youtube.com/watch?v=gwpGFJTXIIE