ACC 455 CART Leading through innovation/acc455cartdotcom

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ACC 455 CART Leading through innovation/acc455cart
dotcom
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ACC 455 CART Leading through innovation
ACC 455 Entire Course FOR MORE CLASSES VISIT
www.acc455cart.com   ACC 455 Week 1 Individual
assignment Tax Return Position Paper ACC 455 Week
1 DQ 1 ACC 455 Week 1 DQ 2 ACC 455 Week 1 DQ
3 ACC 455 Week 2 Individual Assignment Problem
Set ACC 455 Week 2 Team Assignment Outline for
Week 3 ACC 455 Week 2 DQ 1 ACC 455 Week 2 DQ
2 ACC 455 Week 2 DQ 3 ACC 455 Week 2 DQ 4
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ACC 455 CART Leading through innovation
ACC 455 Week 1 DQ 1 FOR MORE CLASSES VISIT
www.acc455cart.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 CART Leading through innovation
ACC 455 Week 1 DQ 2 FOR MORE CLASSES VISIT
www.acc455cart.com   What constitutes
substantial authority for a position taken on a
tax return? What options do you have if
substantial authority is lacking?
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ACC 455 CART Leading through innovation
ACC 455 Week 1 DQ 3 FOR MORE CLASSES VISIT
www.acc455cart.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 CART Leading through innovation
ACC 455 Week 1 Individual assignment Tax Return
Position Paper FOR MORE CLASSES VISIT
www.acc455cart.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? What is
substantial authority?
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ACC 455 CART Leading through innovation
ACC 455 Week 2 DQ 1 FOR MORE CLASSES VISIT
www.acc455cart.com     What are the alternative
tax years available to a corporation? What
factors should be considered in electing the tax
year?
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ACC 455 CART Leading through innovation
ACC 455 Week 2 DQ 2 FOR MORE CLASSES VISIT
www.acc455cart.com     What methods of
accounting are available to a small business and
to a large business? If the business decides to
make an accounting methods change, how is this
accomplished
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ACC 455 CART Leading through innovation
ACC 455 Week 2 DQ 3 FOR MORE CLASSES VISIT
www.acc455cart.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 CART Leading through innovation
ACC 455 Week 2 DQ 4 FOR MORE CLASSES VISIT
www.acc455cart.com     What is the legislative
intent behind the corporate alternative minimum
tax (AMT)? Define tax preference items, AMT
adjustment, and minimum tax credit.
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ACC 455 CART Leading through innovation
ACC 455 Week 2 Individual Assignment Problem
Set FOR MORE CLASSES VISIT www.acc455cart.com
    Complete the problems found in Ch. 2 of
Prentice Halls Federal Taxation 2010
Corporations. C2-6
C2-40 C2-45
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ACC 455 CART Leading through innovation
ACC 455 Week 2 Team Assignment Outline for Week
3 FOR MORE CLASSES VISIT www.acc455cart.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
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ACC 455 CART Leading through innovation
ACC 455 Week 3 DQ 1 FOR MORE CLASSES VISIT
www.acc455cart.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 CART Leading through innovation
ACC 455 Week 3 DQ 2 FOR MORE CLASSES VISIT
www.acc455cart.com     Distinguish between
current and accumulated earnings and profits. Why
is it important to make this distinction?
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ACC 455 CART Leading through innovation
ACC 455 Week 3 DQ 3 FOR MORE CLASSES VISIT
www.acc455cart.com     What is a stock
redemption? What are some reasons for redeeming
stock? Why are some redemptions treated as sales
and others as dividends?
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ACC 455 CART Leading through innovation
ACC 455 Week 3 Team Assignment Problem Set
FOR MORE CLASSES VISIT www.acc455cart.com     Co
mplete 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 CART Leading through innovation
ACC 455 Week 4 DQ 1 FOR MORE CLASSES VISIT
www.acc455cart.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?
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ACC 455 CART Leading through innovation
ACC 455 Week 4 DQ 2 FOR MORE CLASSES VISIT
www.acc455cart.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 CART Leading through innovation
ACC 455 Week 4 DQ 3 FOR MORE CLASSES VISIT
www.acc455cart.com     What are separately
stated items on a K-1? Why is it necessary to
separate these items from ordinary income?
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ACC 455 CART Leading through innovation
ACC 455 Week 4 DQ 4 FOR MORE CLASSES VISIT
www.acc455cart.com       What is the difference
between a distribution and a distributive share?
How do these affect the owners K-1 and
individual taxes?
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ACC 455 CART Leading through innovation
ACC 455 Week 4 Individual Assignment Problem
Set FOR MORE CLASSES VISIT www.acc455cart.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
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ACC 455 CART Leading through innovation
ACC 455 Week 4 Team Assignment Outline for Week
5 FOR MORE CLASSES VISIT www.acc455cart.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
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ACC 455 CART Leading through innovation
ACC 455 Week 5 DQ 1 FOR MORE CLASSES VISIT
www.acc455cart.com       What is a liquidating
distribution? What is a nonliquidating
distribution? Provide an example of each.
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ACC 455 CART Leading through innovation
ACC 455 Week 5 DQ 2 FOR MORE CLASSES VISIT
www.acc455cart.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?
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ACC 455 CART Leading through innovation
ACC 455 Week 5 DQ 3 FOR MORE CLASSES VISIT
www.acc455cart.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?
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ACC 455 CART Leading through innovation
ACC 455 Week 5 DQ 4 FOR MORE CLASSES VISIT
www.acc455cart.com         A C corporation has
incurred substantial losses and the owners have
decided to close the business. What
considerations should the owners make in this
termination? Should they consider making an S
election and then later, terminating the S
corporation? If you were their tax advisor, what
would you recommend?
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ACC 455 CART Leading through innovation
ACC 455 Week 5 Team Assignment Problem Set
FOR MORE CLASSES VISIT www.acc455cart.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 )
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ACC 455 CART Leading through innovation