ACC 455 course Marvelous Learning / tutorialrank.com

1
ACC 455 course Marvelous Learning /
tutorialrank.com
The Best way to predict the Future is to create
it.....To Best way....
www.tutorialrank.com
2
ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Entire Course (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
• ACC 455 Week 1 Individual assignment Tax Return
  Position Paper (UOP Course)
•  
• ACC 455 Week 1 DQ 1 (UOP Course)
•  
• ACC 455 Week 1 DQ 2 (UOP Course)
•  
• ACC 455 Week 1 DQ 3 (UOP Course)

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ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 1 DQ 1 (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
• Do the following decisions have the same
  precedential value (1) Tax Court regular
  decisions, (2) Tax Court memo decisions (3)
  decisions under the small cases procedure of the
  Tax Court? Why? Which of the following sources do
  you think would be most beneficial for your
  client (1) Tax Court regular decisions, (2) Tax
  Court memo decisions, (3) decisions under the
  small cases procedure of the Tax Court, or (4)
  Fifth Circuit Court of Appeals?

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ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 1 DQ 2 (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
• What constitutes substantial authority for a
  position taken on a tax return? What options do
  you have if substantial authority is lacking?

5
ACC 455 course Marvelous Learning /
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• ACC 455 Week 1 DQ 3 (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
• What business entities are available for a new
  business? What are the tax and nontax advantages
  of each form? Select two business types and
  provide an example of when that selection is most
  appropriate from a tax perspective and from a
  nontax perspective

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ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 1 Individual assignment Tax Return
  Position Paper (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• Suppose you have a concern about taking a
  particular position on a tax return.
• Write a 700-word paper that discusses the
  following
• What are the primary sources of tax
  law?
• What are the secondary sources of tax
  law?

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ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 1 tax Position Paper (2 Paper)
•  
• For more course tutorials visit
• www.tutorialrank.com
• ACC 455 Week 1 Tax Position Paper
•  
• Write a 700- to 1,050-word paper that includes
  the following
•  
• What are the primary sources of tax law?
•  

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ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 2 Chapter 3 Discussion Questions
•  
• For more course tutorials visit
• www.tutorialrank.com
• Access p. 3-54 in Chapter 3 of your textbook
  Prentice Halls Federal Taxation 2016
  Corporations, Partnerships, Estates Trusts.
•  
• Write answers to questions C3-1 through C3-6.
•  
• Click the Assignment Files tab to submit your
  assignment in as a Microsoft Word document.

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ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 2 Discussion Question Worksheet
  (New)
•  
• For more course tutorials visit
• www.tutorialrank.com
• Week 2 Discussion Questions Worksheet
•  
•  
•  
• 1. Pers, Inc. incorporates on September 13, 2016
  and begins operations on
• October 26 of the same year. What alternative tax
  years can Pers, Inc. elect
• to report its initial years income if it is a
  C-corp? Would it make a difference if
• Pers, Inc. was to be a different type of entity?
  Please provide specific
• examples.
•  

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ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 2 DQ 1 (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
• What are the alternative tax years available to a
  corporation? What factors should be considered in
  electing the tax year?

11
ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 2 DQ 2 (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
• What methods of how is accounting are available
  to a small business and to a large business? If
  the business decides to make an accounting
  methods change, this accomplished?

12
ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 2 DQ 3 (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
• What are the requirements for the following
  deductions U.S. production activity deduction,
  dividend received deduction, and net operating
  loss?
• Discuss any recent legislative changes.

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ACC 455 course Marvelous Learning /
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• ACC 455 Week 2 DQ 4 (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
• What is the legislative intent behind the
  corporate alternative minimum tax (AMT)? Define
  tax preference items, AMT adjustment, and minimum
  tax credit.

14
ACC 455 course Marvelous Learning /
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• ACC 455 Week 2 Individual Assignment Problem Set
  (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• Complete the problems found in Ch. 2 of Prentice
  Halls Federal Taxation 2010 Corporations.
• C2-6
• C2-40
• C2-45
• Read the scenario and respond to the questions.
• Support your answers with calculations, as
  needed.

15
ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 2 Team Assignment Outline for Week 3
  (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• Please Provide a brief outline of how the team
  will be setting up the team problem in week 3.
  Please indicate who will be responsible for each
  section and a timeline to complete

16
ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 3 Chapter 11 Issue Identification
  Questions
•  
• For more course tutorials visit
• www.tutorialrank.com
• Access p. 11-41 in Chapter 11 of your
  textbook Prentice Halls Federal Taxation 2016
  Corporations, Partnerships, Estates Trusts.
• Write a minimum 175-word response to each
  question C11-24 through C11-27.
• Click the Assignment Files tab to submit your
  assignment as a Microsoft Word document.

17
ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 3 Discussion Questions Worksheet
  (New)
•  
• For more course tutorials visit
• www.tutorialrank.com
• Week 3 Discussion Questions Worksheet (each
  question needs a minimum of a 175 word count
  answer)
• 1. Jeff and Louis own an S Corporation.
  Jeff and Louis own 50 of the corporation each.
  Jeffs S Corporation stock basis at the beginning
  of the year was 150,000. Louis was 120,000.
  The company is reporting an ordinary loss of
  285,000. How can this loss affect Jeffs tax
  liability? What about Louis tax liability?

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ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 3 DQ 1 (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
• How does a corporation compute earnings and
  profits (EP)? What income is deferred to a later
  year when computing taxable income but is
  included in EP in the current year? What
  deductions are allowed for taxable income
  purposes but denied for EP?

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ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 3 DQ 2 (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
• Distinguish between current and accumulated
  earnings and profits. Why is it important to make
  this distinction?

20
ACC 455 course Marvelous Learning /
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• ACC 455 Week 3 DQ 3 (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• What is a stock redemption? What are some reasons
  for redeeming stock? Why are some redemptions
  treated as sales and others as dividends?

21
ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 3 Team Assignment Problem Set (UOP
  Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• Complete the problems found in Ch. 3 5 of
  Prentice Halls Federal Taxation 2010
  Corporations with your Learning Team.
• C3-8 Discussion Question
• C5-10 Discussion Question
• C3-35 Problem

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ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 4 DQ 1 (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• Sue and Bill plan to open an accounting firm and
  expect to work full time in the firm. They expect
  to incur a small loss during their first year of
  operation and expect to be profitable after the
  first year. What are the tax law requirements for
  structuring the business as a partnership or an S
  corporation? Which would you recommend and why?

23
ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 4 DQ 2 (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• Bob and Dave plan to start a business. Bob will
  contribute land and Dave will contribute
  services. Would you recommend this business be
  formed as a partnership or as an S corporation?
  Why?

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ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 4 DQ 3 (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• What are separately stated items on a K-1? Why is
  it necessary to separate these items from
  ordinary income?

25
ACC 455 course Marvelous Learning /
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• ACC 455 Week 4 DQ 4 (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• What is the difference between a distribution and
  a distributive share? How do these affect the
  owners K-1 and individual taxes?

26
ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 4 Individual Assignment Problem Set
  (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• Complete the problems found in Ch. 4 6 of
  Prentice Halls Federal Taxation 2010
  Corporations.
• C6-8 Discussion Question
• C4-34 Problem
• C4-36 Problem
• Read the scenario and respond to the questions.
• Support your answers with calculations, as
  needed.

27
ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 4 Team Assignment Outline for Week 5
  (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• Please Provide a brief outline of how the team
  will be setting up the team problem in week 5.
  Please indicate who will be responsible for each
  section and a timeline to complete

28
ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 5 DQ 1 (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• What is a liquidating distribution? What is a
  nonliquidating distribution? Provide an example
  of each.

29
ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 5 DQ 2 (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• What is an inadvertent termination of an S
  election? How does an S corporation and its
  shareholders rectify an inadvertent termination?
• What could happen if a company fails to rectify
  the termination?

30
ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 5 DQ 3 (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• What events will cause an S election to
  terminate? What would you recommend S
  corporations do to plan for an orderly
  termination of an S election?

31
ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 5 DQ 3 (UOP Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• What events will cause an S election to
  terminate? What would you recommend S
  corporations do to plan for an orderly
  termination of an S election?

32
ACC 455 course Marvelous Learning /
tutorialrank.com

• ACC 455 Week 5 Team Assignment Problem Set (UOP
  Course)
•  
• For more course tutorials visit
• www.tutorialrank.com
•  
• Complete the problems found in Ch. 9, 10, 11 of
  Federal Taxation 2010 Corporations with your
  Learning Team.
• C9-35 Problem
• C11-45 Problem
• C10-4 Discussion Question (Ch. 10)
• C11-47 Problem )
• Read the scenario and respond to the questions.

33
ACC 455 course Marvelous Learning /
tutorialrank.com
The Best way to predict the Future is to create
it.....To Best way....
www.tutorialrank.com