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Identify at least two main tax issues suggested for each of the scenarios described.
What are the various agencies, professional manuals, and/or journals that you might review to determine the appropriate answer?
Currently, close to half of all taxpayers enjoy effective federal tax rate of zero percent? Discuss this proposal in your analysis of minimum federal tax rates.
Aloha Inc. sells timeshares in Hawaii. Gerry buys timeshare from Aloha Inc,. Identify the issues for Aloha Inc.
What are the steps to conducting tax research in preparing for the audit? What are a tax practitioner's responsibilities when providing advice?
What kind of guidance would you provide to them in this situation? What additional facts would you need to know?
Do you think the estate tax/gift tax is a form of double taxation? Hasn't the income used to acquire those assets already been taxed?
Discuss The tax planning process, including examples of tax planning. Exclusions from taxable income, including the rationale for the exclusion.
Is Ms. Spaulding entitled to deduct the legal fees she incurred to secure a settlement of her claim for unlawful employment discrimination?
Refer to Solidwood Corporation. Suppose one-half of Job X4A was sold for $10,000. What would be the total amount of costs assigned to Job X4A?
Logan's modified adjusted gross income is $ 220,000. He is single. His net investment income is $ 35,000. what is his net investment income tax?
In order to deduct losses that flow out to the owners, the owners must have tax basis in their ownership interests. Tax basis can be complicated.
You should submit your article(s) and a Presentation of tax planning that includes one of the strategies discussed in the textbook.
What specific social media marketing tactics does the company use to better manage the rush around the tax day?
Describe your experiences using resources, including concerns encountered when conducting academic research through the Ashford University Library.
Discuss the professional standards pertaining to the tax preparation, audit and forensic services. Additionally, analyze the CPA's duties to Yellow King Marty.
Recommend tax planning strategies to maximize tax savings based on the three significant changes identified. Provide a rationale.
Discuss the legal and ethical aspects of accurately reporting income on tax returns using Circular 230 as published by the Department of Treasury.
What type of advice would you offer to him and did any changes brought about by the Tax Cuts and Jobs Act impact your advice?
What are the potential tax consequences and what kind of record keeping do you advise Kenneth to maintain?
What is Alicia's basis in the partnerships that she inherited from Annabelle? Should Sec. 754 be elected so Sec. 743 can be applied if option 1b is elected?
What would be the income tax consequences if Ms. Carter implements the four-step plan A? What alternative plan would you recommend to Ms. Carter?
Estimated taxable income for Judy and Walter (show computations). Summary of tax return, including any suggestions or tax planning considerations.