Essay Assignment
Write two pages essay (no bullet points or lists) about one of the eight topics below. You should choose the topic that interests you the most. Tell us why the topic is important. How will this new knowledge help you in your journey in the program or in your professional life? Double-spacing is permitted. Points will be awarded for accuracy, originality, length, and form.
Topics:
i. The tax planning process, including examples of tax planning.
ii. Exclusions from taxable income, including the rationale for the exclusion.
iii. Cost recovery expenses (depreciation, amortization, depletion).
iv. Fiduciary income taxation.
v. Protections and recourse available to taxpayers when dealing with the IRS.
vi. IRC Section 441. Using the RIA Checkpoint module, locate and summarize this tax law.
vii. Hobby income and losses.
viii. Taxable and nontaxable corporate distributions.
Format your assignment according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.