| 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
|
IRS on same-sex couples:
Under IRS rules, registered
domestic partners living in
California, Washington or Nevada
must each report half of their total
community income on their own
federal returns, along with any
separate income. Because
same-sex partners aren't treated
as spouses under federal law,
they can't file a joint return or use
"married filing separately" status,
even though they may be permitted
to file that way on their state
income tax returns. So, each
partner's return may be different.
Caterpillar expects a new
rival
in the heavy-machinery sector to
come out of China "in the next few
years."
Health benefits of dog
ownership include lower blood
pressure, less stress, and a
stronger immune system.
Confucius say:
Man who eats many prunes get
good run for money.
HSBC halts offshore banking
for wealthy Americans: The global
banking giant is cutting ties with
American clients who bank
offshore, as the U.S. Justice
Department and Internal Revenue
Service intensify crackdowns on
offshore tax evasion and look
beyond the world of Swiss banking
for institutions that might be
providing places to hide money.
The bank said it is terminating
"private banking services to U.S.
persons and certain trusts and non
operating companies connected to
U.S. persons" and asked the
customers to close their accounts.
HSBC has been under the Justice
Department's scrutiny during 2011.
15,000 people have applied for
this year's limited amnesty for U.S.
taxpayers with undeclared offshore
accounts.
For more of the Generalist,
please visit ARKCPACOM.
|
theGeneralist, a
one-page monthly
publication of the accounting firm of
A.R. Kakhsaz Company, is in its 17th
year of providing information, presented
fairly and accurately, from sources we
can depend upon and trust.
Hello, my name is Sue Yoo.
And mine is Anthony Weiner. I'm a
U.S. Congressman. I know it all
about my name. "It's part of me,
it's part of the campaign
slogans. Vote for Weiner. He'll
be frank. Vote for Weiner. He's on
a roll." And then there's the
personal-injury lawyer Patricia Z.
Boguslawski. When she argued
her first motion in court, the judge
paused when he saw her name
and said on the record: "Bogus
law. Bogus law."
Republican congressional
leaders urged the Federal Reserve
to avoid further steps to spur the
recovery. Saying such actions
could harm the economy !? Wow.
Don't know much about
geography: The results of the
National Assessment of
Educational Progress released in
July, revealed that U.S. students
were making little progress in their
understanding of geography and
how people change, and are
changed by, their natural
environment. Only 23% of fourth
graders, 30% of eighth graders
and 21% of 12th graders knew
enough to be considered
"proficient" on the national exam.
Only a third of the fourth graders
could determine distance on a
map, and less than half of the
eighth graders knew that Islam
originated in what is now Saudi
Arabia. "Proficient" means
students have a solid
understanding of challenging
material. The exam was given in
January-March of 2010.
We see more in numbers
than just numbers...
Ali R. Kakhsaz
www.arkcpa.com
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