Using an Electronic Research Database Such as Checkpoint,CCH Tax Research

question 32

Essay

Using an electronic research database such as Checkpoint,CCH Tax Research NetWork,or Lexis-Nexis,perform a keyword search that includes the phrase business expense and the keyword charity.Include both primary sources and editorial materials in your search.
a.How many documents did your search retrieve?
b.How many documents are primary authorities and how many are secondary authorities?
c.Provide citations to two primary authorities and two secondary authorities.

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Definitions:

Deferred Tax Liability

A tax obligation that a company owes but does not have to pay until a future date, typically arising from differences between accounting practices and tax laws.

Deferred Tax Asset

An accounting term representing taxes that have been overpaid or paid in advance, which can be used to reduce future tax liability.

Temporary Differences

Differences between the tax base of an asset or liability and its carrying amount in the balance sheet that will result in taxable or deductible amounts in the future.

Interperiod Tax Allocation

The accounting technique that allocates income tax expense to the appropriate periods, smoothing out tax charges related to temporary differences.