Paralegal Evaluation Form
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FAQs self appraisal answers examples pdf
How a Non-US residence company owner (has EIN) should fill the W-7 ITIN form out? Which option is needed to be chosen in the first part?Depends on the nature of your business and how it is structured.If you own an LLC taxed as a passthrough entity, then you probably will check option b and submit the W7 along with your US non-resident tax return. If your LLC’s income is not subject to US tax, then you will check option a.If the business is a C Corp, then you probably don’t need an ITIN, unless you are receiving taxable compensation from the corporation and then we are back to option b.
Why should it be so complicated just figuring out how much tax to pay? (record keeping, software, filling out forms . . . many times cost much more than the amount of taxes due) The cost of compliance makes the U.S. uncompetitive and costs jobs and lowers our standard of living.Taxes can be viewed as having 4 uses (or purposes) in our (and most) governments:Revenue generation (to pay for public services).Fiscal policy control (e.g., If the government wishes to reduce the money supply in order to reduce the risk of inflation, they can raise interest rates, sell fewer bonds, burn money, or raise taxes. In the last case, this represents excess tax revenue over the actual spending needs of the government).Wealth re-distribution. One argument for this is that the earnings of a country can be perceived as belonging to all of its citizens since the we all have a stake in the resources of the country (natural resources, and intangibles such as culture, good citizenship, civic duties). Without some tax policy complexity, the free market alone does not re-distribute wealth according to this "shared" resources concept. However, this steps into the boundary of Purpose # 4...A way to implement Social Policy (and similar government mandated policies, such as environmental policy, health policy, savings and debt policy, etc.). As Government spending can be use to implement policies (e.g., spending money on public health care, environmental cleanup, education, etc.), it is equivalent to provide tax breaks (income deductions or tax credits) for the private sector to act in certain ways -- e.g., spend money on R&D, pay for their own education or health care, avoid spending money on polluting cars by having a higher sales tax on these cars or offering a credit for trade-ins [ref: Cash for Clunkers]).Uses # 1 & 2 are rather straight-forward, and do not require a complex tax code to implement. Flat income and/or consumption (sales) taxes can easily be manipulated up or down overall for these top 2 uses. Furthermore, there is clarity when these uses are invoked. For spending, we publish a budget. For fiscal policy manipulation, the official economic agency (The Fed) publishes their outlook and agenda.Use # 3 is controversial because there is no Constitutional definition for the appropriate level of wealth re-distribution, and the very concept of wealth re-distribution is considered by some to be inappropriate and unconstitutional. Thus, the goal of wealth re-distribution is pretty much hidden in with the actions and policies of Use #4 (social policy manipulation).Use # 4, however, is where the complexity enters the Taxation system. Policy implementation through taxation (or through spending) occurs via legislation. Legislation (law making) is inherently complex and subject to gross manipulation by special interests during formation and amendments. Legislation is subject to interpretation, is prone to errors (leading to loopholes) and both unintentional or intentional (criminal / fraudulent) avoidance.The record keeping and forms referred to in the question are partially due to the basic formula for calculating taxes (i.e., percentage of income, cost of property, amount of purchase for a sales tax, ...). However, it is the complexity (and associated opportunities for exploitation) of taxation legislation for Use # 4 (Social Policy implementation) that naturally leads to complexity in the reporting requirements for the tax system.
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People also ask self development appraisal comments
How many years does it take to become a paralegal?Length of Education If one invests in an associate's degree in paralegal work, the typical program should last about two years or 4 semesters. The students who do take a bachelor's program in paralegal work will need to be in school for four years or 8 semesters.
Do you need a certification to be a paralegal?This could be a certification program approved by the American Bar Association, an accredited Associate's program, a Bachelor's program, or paralegal program consisting of 60 or more units. You may not be required to earn certification nationally or with the state, but it is becoming a standard with some employers.
Do you need a certificate to be a paralegal?That said, if you've already earned a Bachelor's or Associate's degree in a different field, a Paralegal Certificate program can provide you with the specialized knowledge base you'll need on the job without requiring more years of schooling. ... Paralegal students learn there are many perks to becoming a paralegal.
Do you need a certificate to be a legal assistant?Legal assistants usually start with an associate's degree in paralegal studies, or bachelor's degree in another field and a paralegal studies certificate. In some cases, lawyers might hire college graduates without this certificate and train them on the job. Certification is available.
Do you need a paralegal certificate to be a paralegal?Though undergraduate certificate programs open to anyone with a high school diploma or GED are still widely available as a viable option, the legal industry has shown its preference for college-educated paralegals that hold either an associate's or bachelor's degree in paralegal studies or a post-degree certificate.