11 Guam Code Ann. § 40102
Terms Used In 11 Guam Code Ann. § 40102
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(a) Tax preparer means a person, who for a fee assists with or prepares tax return for others, but does not mean an employee, representative, partner agent, officer or member of a registered tax preparer’s office.
(b) Division means the appropriate Division within the
Department of Revenue and Taxation.
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11 Guam Code Ann. FINANCE & TAXATION CH. 40 REGISTRATION, BONDING AND REGULATION OF TAX PREPARERS
(c) Director means the Director of the Department of Revenue and Taxation.
(d) Fee means any money or valuable consideration paid or promised to be paid for services rendered or to be rendered by any tax preparer.
(e) Person means an individual, firm, partnership, association, joint venture or corporation.
(f) Tax return means any return, declaration, statement, refund claim or other document required to be made or filed in connection with territorial or Federal taxes or bank or corporation franchise tax.
SOURCE: GC § 53641, as added by P.L. 13-92.