Discussion Post: Special Purpose Entity Reporting
Part I
i. Imagine that you are an employer trying to decide whether to sponsor a "qualified" retirement plan or "nonqualified" deferred compensation plan for your employees.
ii. What are the tax and nontax consequences of each plan?
iii. Based on what you know about the different plans, what would be your justification for selecting the one you choose?
Part II
i. Your clients, Henry and James, are considering buying a home. They have lived in an apartment to save money for two years and want to own their own home. In addition, they are eyeing a possible purchase of a beach house as a rental property within the next five years. They have come to you for advice about the benefits of homeownership.
ii. Choose a topic from the chapter related to homeownership or owning a rental home and expand on the topic by explaining the rules supporting it.
iii. Discuss at least one tax-related advantage of home or rental property ownership that you would share with them.
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.