| 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
|
What was the number of pages of the last book
you read? Or did you? Well, the Federal tax law keeps growing
increasingly complex. And I need to keep up with it, for obvious
reasons. Here's the number of pages in the CCH Standard Federal Tax
Reporter since 1939:
| 2006 |
66,000 |
| 2005 |
61,000 |
| 2004 |
60,000 |
| 1995 |
41,000 |
| 1984 |
26,000 |
| 1974 |
20,000 |
| 1969 |
17,000 |
| 1954 |
14,000 |
| 1945 |
8,000 |
| 1939 |
500 |
Foreign direct investments in the U.S. rose 20%
last year.
U.S. securities
purchased by foreigners totaled $66 billion in January, up
23% from December.
Despite high fuel prices,
consumer enthusiasm for hybrids is cooling off. Ford will offer 0%
financing for its Escape Hybrid SUV.
Age
is a very high price to pay for maturity.
Lobbyists spent
a record $1.16 billion (or $1,160,000) to influence lawmakers in
Washington in the first half of 2005. Spending on lobbying expanded
an average of 10% per year since 1999.
Why do people
believe you when you say there are four billion stars, but check when you
say the paint is wet?
Individual income-tax
| Total returns filed |
134 Million |
| Number of refunds |
100 Million |
| Total refunds issued |
$218 Billion |
| Average refund |
$2,171 |
One-third of U.S. teenagers
For more of the Generalist, please visit our website
at ARKCPACOM.
|
theGeneralist,
a one-page monthly publication of the accounting firm of A. R.
Kakhsaz Company, is in its 12th year of providing information,
presented fairly and accurately, from sources we can depend upon and
trust.
Champagne:
When wine goes through a second fermentation, it develops
bubbles. This sparkling wine is called champagne. It's
light and bubbly. The state of giving off bubbles when
champagne is poured is called "effervescence."
Artificial intelligence
is not match for natural stupidity.
Why
does Superman stop bullets with his chest, but ducks when you
throw a revolver at him?
Just a few miles
north of a Hong Kong's affluent neighborhood, dogs frequently appear
on menus.
79 million
individual income-tax returns for 2003 were signed by
paid preparers, says the IRS. That's about 60% of total
returns filed. Millions of others try their luck by relying on
tax-preparation software.
Microsoft is to invest $1.7 billion and
hire 3,000 more people in India over the next four years.
Cancer metastasizes by sending envoy cells
to prepare other organs for arrival, and blocking then could prevent
spread, shows a research in Nature magazine.
The IRS rejected an offer in compromise
made by a taxpayer who got hit hard with Alternative Minimum Tax and
the tax court determined that the IRS did not abuse its discretion
by refusing the taxpayer's offer.
We wish you the ability to convert your
AMT into ATM.
We see more in numbers
than just numbers...
Ali R. Kakhsaz, CPA, MAcc
www.arkpca.com
|
