| A.
R. Kakhsaz Company
an accountancy corporation
Member
American Institute of
Certified Public Accountants
International associates:
Tavana & Co.
Chartered Accountants
Toronto, Canada
Tel.416-229-2221
|
THE MEDICAL
PROFESSION BILLED MEDICARE for 5.2
million different services performed by nonphysicians,
in allowed charges totaling $202 million in 1999.
Nonphysician practitioners are those placed
somewhere between nurses and physicians. They
include nurse practitioners, clinical nurse
specialists and physician assistants.
Los Angeles is more crowded than New York: Only
Honolulu is more densely populated than the Los
Angeles metropolitan area which includes Los
Angeles, Ventura, Orange, Riverside and San
Bernardino counties:
Here's the number of persons residing in the average
urbanized acre of the indicated areas:
| Honolulu, HI |
12.4 |
| Los Angeles, CA |
8.3 |
| New York, NY |
8.0 |
| San Francisco, CA |
8.0 |
| Miami, FL |
7.9 |
| San Diego, CA |
7.5 |
| Phoenix, AZ |
7.2 |
| Las Vegas, NV |
6.7 |
| Washington, DC |
5.9 |
| Santa Barbara, CA |
5.7 |
20% OF U.S. SCHOOL CHILDREN COME FROM homes
in which a language other than English is spoken.
HE ARGUED IN THE U.S. TAX COURT THAT HE shouldn't
have to pay taxes that the IRS was claiming he owed,
because of "major computer problems" and
the "possibility of a meltdown of software"
at the IRS. The Tax Court called his argument
"irrelevant" and "without merit."
theGeneralist, a one-page monthly publication of
the accounting firm of A. R. Kakhsaz Company, is in
its sixth year of publication.
THE WORLD'S 1.1 BILLION TOBACCO SMOKERS are
a better source of income to some governments than
to the tobacco companies: More than 70% of the
average retail price of tobacco products in the
European Union goes into government's pockets. In
Brazil, the government's take is about 65%. Tobacco
taxes account for 6% of German governments total tax
revenues. And Chinese government is the world's
largest cigarette maker with some 13% of its annual
income coming from tobacco sales and taxes. |
Not SALSA, not TANGO, it's MAMBO as the name
of a new fragrance by Liz Claiborne Inc. The
first-ever "Latino" scent for young Americans is
to convey a Carlos Santana-like feeling: "play hard
but work even harder, a strong love of family, big
fiestas, seductive, passionate, edgy, pulsating,
spicy, virile, sexy, hip and flavorful." All for
describing that Latino smell.
75% OF AMERICANS believe that a national missile
defense system will work if President Bush
forges ahead.
CHARITABLE GIVING by those in the lowest tax brackets
are "generous." But those with over $1 million
annual income give less than 12% of what they
could afford.
TAX INCENTIVE FOR MURDER? A tax-accountant recently
wrote about estate-tax repeal in 2010: "If
it is not repealed again for 2011, a 'death- bubble
year' will be created in 2010. Let's hope that
this potential scenario does not create too great
an incentive for the murder of wealthy elderly
people near the end of 2010."
HAVE YOU VISITED OUR WEBSITE LATELY?
Go to: www.arkcpa..com
TAX SLANG: "ABOVE or BELOW the LINE": Where's
the line? It's "the Adjusted Gross Income"
or the AGI line on the income-tax return. You
know that tax deductions are not created equal.
Some are more or less valuable than others -
depending on many variables. For instance, and
from among other kinds of deductions,
above-the-line deductions are more significant
since they reduce the AGI, which in turn can
affect the amount of many tax credits and other
items that taxpayers may claim.
Death and taxes are inevitable. However, death doesn't
get worse every year.
AVOID TAX-AUDITS. They are costly and annoying:
Using the same information and tax forms, it's
quite normal to prepare and present an income-tax
return that would bear much less chances of
being selected for an audit, while resulting
in much less taxes. A tax-accountant has such
an expertise and experience!
-
WE SEE
MORE IN NUMBERS than just numbers… We see opportunities for you.
Ali R. Kakhsaz, CPA, MAcc
www.arkpca.com
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