ACC 455 Teaching Effectively / acc455.com

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ACC 455 Teaching Effectively / acc455.com
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ACC 455 Teaching Effectively / acc455.com
ACC 455 Entire Course For more course tutorials
visit www.acc455.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 ACC 455
Week 3 Team Assignment Problem Set
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ACC 455 Teaching Effectively / acc455.com
ACC 455 Week 1 DQ 1 For more course tutorials
visit www.acc455.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 Teaching Effectively / acc455.com
ACC 455 Week 1 DQ 2 For more course tutorials
visit www.acc455.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 Teaching Effectively / acc455.com
ACC 455 Week 1 DQ 3 For more course tutorials
visit www.acc455.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 Teaching Effectively / acc455.com
ACC 455 Week 1 tax Position Paper (2 Paper) For
more course tutorials visit www.acc455.com This
Tutorial contains 2 Papers 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? ? What are the
secondary sources of tax law? ? What is
substantial authority? ? Describe the role of the
courts and the Internal Revenue Service in
interpreting and applying the sources of tax law
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your
assignment as a Microsoft Word document.
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ACC 455 Teaching Effectively / acc455.com
ACC 455 Week 2 Chapter 3 Discussion Questions For
more course tutorials visit www.acc455.com ACC
455 Week 2 Chapter 3 Discussion Questions 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 Teaching Effectively / acc455.com
ACC 455 Week 2 Discussion Question Worksheet
(New) For more course tutorials
visit www.acc455.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.
2. Lindel, Inc. currently uses a calendar year,
but wants to change to a fiscal year ending on
September 30th. a) Assume Lindel is a C-corp
owned by 85 shareholders, each owning 5 or less
of the total stock. Can Lindel change its tax
year? What steps does the company need to take in
order to do so? b) Assume Lindel is a S-corp
owned by 100 shareholders, each owning 5 or less
of the total stock. Can Lindel change its tax
year? What steps does the company need to take in
order to do so? 3. American Corporation
incorporates on February 15 and begins business
on August 12.
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ACC 455 Teaching Effectively / acc455.com
ACC 455 Week 2 DQ 1 For more course tutorials
visit www.acc455.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 Teaching Effectively / acc455.com
ACC 455 Week 2 DQ 2 For more course tutorials
visit www.acc455.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 Teaching Effectively / acc455.com
ACC 455 Week 2 DQ 3 For more course tutorials
visit www.acc455.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 Teaching Effectively / acc455.com
ACC 455 Week 2 DQ 4 For more course tutorials
visit www.acc455.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 Teaching Effectively / acc455.com
ACC 455 Week 3 Chapter 11 Issue Identification
Questions For more course tutorials
visit www.acc455.com ACC 455 Week 3 Chapter 11
Issue Identification Questions 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.
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ACC 455 Teaching Effectively / acc455.com
ACC 455 Week 3 Discussion Questions Worksheet
(New) For more course tutorials
visit www.acc455.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? 2. Mary and Paul began a
partnership 10 years ago that has been incredibly
successful. Mary and Paul own 50 of the
partnership each. Mary and Pauls accountant has
suggested that they incorporate as an S corp. To
do so, the partnership will exchange all its
existing assets and liabilities for the new S
Corp stock on October 1 of the current year. The
partnership will then liquidate by distributing
the acquired S Corp stock to Mary and Paul, in
equal parts. What are some of the most relevant
tax implications of this transaction? Do you
believe Mary and Pauls accountant is providing
good advice?
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ACC 455 Teaching Effectively / acc455.com
ACC 455 Week 3 DQ 1 For more course tutorials
visit www.acc455.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 Teaching Effectively / acc455.com
ACC 455 Week 3 DQ 2 For more course tutorials
visit www.acc455.com Distinguish between current
and accumulated earnings and profits. Why is it
important to make this distinction?
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ACC 455 Teaching Effectively / acc455.com
ACC 455 Week 3 DQ 3 For more course tutorials
visit www.acc455.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 Teaching Effectively / acc455.com
ACC 455 Week 3 Team Assignment Phoenix Medical
Worksheet, Part 1 For more course tutorials
visit www.acc455.com ACC 455 Week 3 Team
Assignment, Part 1 Phoenix Medical Worksheet Week
3 Determine Adjusted Book Income You are
provided with the unadjusted trial balance
(Microsoft Excel) and your managers meeting
notes and questions (Microsoft Word) for your
new tax client Phoenix Medical. Following the
notes, modify the unadjusted trial balance to
generate a trial balance workpaper (in Microsoft
Excel) that includes Adjusting Journal Entries
Adjusted Book Income Tax Journal Entries Taxable
Income Answers to your managers questions
(Microsoft Word or Excel). The client depends on
you, the CPA, to provide journal entries for
activity in fixed assets. While discussing fixed
assets, the client divulges that he got a great
deal to upgrade his laser dermatology equipment.
Ultimately, you find out that 569,888 of new
equipment was purchased and placed in service on
6/18/2014. Furthermore, and much after the fact,
you discover that old medical equipment was sold
to an unrelated party for 75,000 cash.
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ACC 455 Teaching Effectively / acc455.com
ACC 455 Week 4 Chapter 6 Issue Identification
Questions For more course tutorials
visit www.acc455.com ACC 455 Week 4 Chapter 6
Issue Identification Questions Access p. 6-23 in
Chapter 6 of your textbook Prentice Halls
Federal Taxation 2016 Corporations, Partnerships,
Estates Trusts. Write a minimum 175-word
response to each question, C6-29 though C6-31.
Click the Assignment Files tab to submit your
assignment as a Microsoft Word document. C6-29
What tax issues should Cable, John, and Peter
consider with respect to the liquidation? C6-30
What tax issues should Parent and Subsidiary
consider with respect to the bankruptcy and
liquidation of Subsidiary? C6-31 What tax
issues should Harry and Rita consider with
respect to this pending liquidation?
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ACC 455 Teaching Effectively / acc455.com
ACC 455 Week 4 Discussion Question Worksheet
(New) For more course tutorials
visit www.acc455.com Week 4 Discussion
Questions Worksheet 1. The holding company Port,
Inc. is owned 50 by John and 50 by Peter. The
company invests in real estate bonds and stocks,
land and buildings from different enterprises,
including Omega, Inc. Landside, Inc. and Best
Properties, LLC. In order to avoid personal
holding company tax, Peter and John plan to
liquidate Port, Inc. within the next quarter.
Please consider the following questions with
respect to this case a. In which case would the
open transaction doctrine apply to Port, Inc.?
b. Can Port, Inc. change its market
composition/activities to decrease personal
holding company tax?
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ACC 455 Teaching Effectively / acc455.com
ACC 455 Week 4 DQ 1 For more course tutorials
visit www.acc455.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 Teaching Effectively / acc455.com
ACC 455 Week 4 DQ 2 For more course tutorials
visit www.acc455.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 Teaching Effectively / acc455.com
ACC 455 Week 4 DQ 3 For more course tutorials
visit www.acc455.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 Teaching Effectively / acc455.com
ACC 455 Week 4 DQ 4 For more course tutorials
visit www.acc455.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 Teaching Effectively / acc455.com
ACC 455 Week 4 Team Phoenix Medical Part 2 (Form
1120) For more course tutorials
visit www.acc455.com Utilizing the spreadsheet
and worksheet generated in Week 3, prepare pages
1 through 5 of Form 1120 US Corporation Income
Tax Return ? Utilize PDF fill-in form. ? See
additional information attached. Click the
Assignment Files tab to submit your assignment as
a Microsoft Word document.
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ACC 455 Teaching Effectively / acc455.com
ACC 455 Week 5 Chapter 5 Discussion Questions For
more course tutorials visit www.acc455.com ACC
455 Week 5 Chapter 5 Discussion Questions Access
p. 5-38 in Chapter 5 of your textbook Prentice
Halls Federal Taxation 2016 Corporations,
Partnerships, Estates Trusts. Write answers to
questions C5-1 through C5-10. Click the
Assignment Files tab to submit your assignment as
a Microsoft Word document. C5-1 Explain
Congress intent for enacting the AMT. C5-2
Define the following terms relating to the AMT
C5-3 Dunn Corporation is not a small corporation
exempt from the AMT. Dunns CPA does not
calculate the AMT because he knows that Dunns
taxable income is less than the 40,000 AMT
exemption amount allowed to corporations. Is the
CPA correct in his belief? Explain. C5-4 What
special rules (if any) apply to the AMT
calculation for the following entities C5-5
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ACC 455 Teaching Effectively / acc455.com
ACC 455 Week 5 DQ 1 For more course tutorials
visit www.acc455.com What is a liquidating
distribution? What is a nonliquidating
distribution? Provide an example of each.
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ACC 455 Teaching Effectively / acc455.com
ACC 455 Week 5 DQ 2 For more course tutorials
visit www.acc455.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 Teaching Effectively / acc455.com
ACC 455 Week 5 DQ 3 For more course tutorials
visit www.acc455.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 Teaching Effectively / acc455.com
ACC 455 Week 5 DQ 4 For more course tutorials
visit www.acc455.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 Teaching Effectively / acc455.com
ACC 455 Week 5 Team Assignment Part 3 (Form
1065) For more course tutorials
visit www.acc455.com ACC 455 Week 5 Team
Assignment, Part 3 Utilizing the included
resources, complete tax Form 1065. Click the
Assignment Files tab to submit your assignment as
a Microsoft Word document.
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ACC 455 Teaching Effectively / acc455.com