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What are the consequences of leaving a large estate that will be divided among their children and grandchildren?
Understand what changes, if any, would an S-corp status have on their taxable income from the company?
What is a redemption of stock? If not substantially equivalent to a dividend how is the redemption treated? What is this not equivalent to a dividend all about?
How would you prepare their return with regard to the Earned Income Tax Credit (EITC) and the Child and Dependent Care Credit?
What flexibility does those trust offer that other trusts do not? What are its advantages and disadvantages?
What the basis is when you put things into a partnership. Do you think that partners have a hard time tracking this at times?
Bob sold a machine used his business and held for longer than one year for $2,500. Compute the amount of Section 1245 recapture on the sale of the machine.
Are the exclusions/exemptions of gift tax, estate tax, and/or GST too high? Too low? What do you think?
What is Lawyer's realized gain and loss on the exchange? What is Lawyer's recognized gain or loss on the exchange? What is Lawyer's basis for farmland acquired?
What is the difference between the proxies for measuring tax aggressiveness or tax evasion with abnormal bbok-tax differences and the proxies for permanent.
Assuming half-year convention, no immediate expensing, what is the adjusted basis of of the assets after applying 2021 bonus depreciation?
Calculate the couple's overall saving for the tax year 2018-19, after taking account of the additional legal fees of £2,000.
Discuss your beliefs regarding the need and effectiveness of both of both outreach the need and effectiveness of both the outreach education and activity.
Kanye West recently posted this comment on Twitter. Is his first amendments rights violated when his Twitter account suspended?
How does your client source the revenue received for use of the seismic data base?
D retains the right to change beneficiaries until her death in 2022. Will this be considered to be an irrevocable trust qualifying as a grandfathered trust?
Discuss whether John is entitled to a bad debt deduction for the amount of the payment on the loan.
How much is needed to fund a testamentary bequest of $1 million? Does the timing the lifetime gift matter? Which is the better choice and why?
What is the theory behind the use of valuation discounts? Describe two primary discounts. Is there a tax downside to aggressive discounting of estate assets?
A taxpayer receives pension income from a traditional IRA ($15,000) and railroad retirement ($15,000). How much of this is taxable on the state return?
If Denise contributes the maximum allowed to her Group RRSP plan, what amount will represent total RRSP contributions on her T4 slip the following year?
Assume you work in the accounting department of a large software company. Why would they ask for this change? What should you do?
Describe in detail two significant business operations that are affected by the financial regulations above, including the use of examples.
All of the medical expenses were paid by Aras in the 12-month period ending December 31. Determine the maximum medical expense credit for 2021.
What is US Code Section 7525 and how would a taxpayer comply with the code section? What benefit would a taxpayer have