Can you help me get started on this assignment?
1. Research the most common tax loopholes used by corporations and partnership to avoid paying federal income tax. Discuss two (2) loopholes identified and what strategies you would recommend to the federal government for closing these loopholes.
2. Evaluate whether or not the federal government benefits from allowing corporations to select S status.
3. Discuss whether you believe the current gift tax laws are fair to the taxpayer. Recommend a change that you would like to incorporate into the tax code related to gift taxes.
4. Create an argument for or against abolishing estate taxes.
5. Recommend an alternative to the current federal taxation system that you believe would be fair to corporations and partnerships.
6. Use 4 to 6 external sources.