"I turned up at Cresta House and was told I couldn't be assessed because I was a liability, " she said.
What's more, Italy may have to fork out a few tens of billions of euros to recapitalise its banks - which is less than Spain's banking bill but rather more than the banking liability I face.
Terry could not file at all, or, as I would advise, file a 0 liability married filing separate return to forestall Robin from arguing that Terry consented to a joint return without signing it.
For Marie, intelligence in a boyfriend was the worst kind of liability, and the few boys I did bring home knew how to write their own names and do basic arithmetic, at the very least.
At the moment, no one knows for sure where the bulk of the liability lay, but from many reports I have read it is BP that is more likely to bear the brunt of the costs.
Under Regulation Section 1.461-1(a)(2)(i), an accrual basis taxpayer cannot deduct a liability until three tests are met.
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For the first time in my career I doubt that it is fair to apply the strict liability rule in these cases.
And it's the first time that I know of in our law where there's criminal liability for something you didn't know a thing about.
In fact, I suspect that it is destined to become part of business liability coverage soon, and customers, suppliers, boards and investors will insist that you have the appropriate amount to do business.
As I have explained elsewhere if you really want to affect your tax liability, you need to be looking at page 1 of Form 1040, you can scroll there, if you want to follow along.
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As I explain in the Atlantic piece in a footnote there is potential criminal liability based upon cases involving different technology under the same law.
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Given the hazard of joint and several liability and the fact that filing jointly is an irrevocable election, I really think the default assumption should be separate filing.
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No Fault Compensation merely means, as I understand it, that you replace the need to show fault with some kind of strict liability but you still have to go to court, you have to sue, you have to prove things called causation.
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Because I would rather companies in China spend their compliance time and dollars doing due diligence to protect against agency liability.
One challenge that childcare providers run up against in providing the empathy that children need, especially with the very young where I think touch is vitally important, is that teachers have to very careful in touching and comforting children because of liability issues and how easily acts of compassion can be construed as child molestation.
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