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Prepare the feedback you would offer each intern including what changes you would make if any to each memo in order to improve it.
What are tax and nontax consequences of each plan? Based on what you know about different plans, what would be your justification for selecting one you choose?
What impact is it likely to have on our GDP and government's budget? What changes do you agree and disagree with?
Analyze three significant changes brought forth by the Tax Cuts and Jobs Act and discuss at least two advantages and/or disadvantages of each.
Analyze how you determined the filing status, dependents, and use of standard/itemized deduction.
Discuss some tax planning strategies that can maximize the benefit of itemized deductions.
What is the difference between deductions from AGI and deductions for AGI? Discuss in detail (two or three paragraphs) and cite a reference in addition to text.
How would you explain the concepts to Donna? What type of advice you offer to her and did any changes brought about by Tax Cuts and Jobs Act impact your advice?
Why would an individual decide to take this deduction and discuss some reasons why it would not be advantageous?
What are the potential tax consequences and what kind of record-keeping do you advise Kristina to maintain?
Discuss the merits of this exclusion in terms of both efficiency and equity. Consider your own home state, does it exclude necessities, why or why not?
Explain the tax effect based on providing $180,000 per year for the client's salary and $70,000 per year for his daughter's salary.
Describe one tax and one legal issue involved with the financial management of sport organizations.
What tax consequences the interest and dividends will have along with the stock sale. What tax advice would you offer to Calvin in planning for this situation.
Identify whether it is ‘FOR' or ‘FROM' AGI. Explain if the deduction was impacted by the Tax Cuts and Jobs Act and, if so, how it was impacted.
For the 2018/2019 and 2019/2020 tax year, is Michael a resident or non-resident of Australia? Refer to the relevant legislation and cases.
Advise Greg as to the tax deductibility for the above expenditures with reference to the relevant tax laws and case laws.
Advise Rosie the Australian tax consequences of these transactions for the 2019/2020 tax year. Refer to the relevant legislation and cases.
Identify at least two main tax issues suggested for each of scenarios describe below: Aloha Inc. sells timeshares in Hawaii. Gerry buys timeshare from Aloha Inc
What is a for AGI deduction? Give three examples. Discuss in detail (two or three paragraphs) and cite a reference in addition to the text.
Dad decides he wants to transfer Blackacre to his Son. Blackacre is worth 100k. What if Dad required 50k of option consideration up front?
Determine whether severance pay is taxable. Create a chart that depicts the timeline of the disbursement of the compensation.
Identify at least two main tax issues suggested for each of the scenarios described below:
What are the various agencies, professional manuals, and/or journals that you might review to determine the appropriate answer?
There are two classes of deductions. Deductions for AGI and Deductions from AGI. Explain which deductions are more advantageous for your tax return.