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ACC 547 Expect Success/newtonhelp.com

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For more course tutorials visit www.newtonhelp.com 1. In 2016, Sayers, who is single, gave an outright gift of $50,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2016 gift tax return, Sayers was entitled to a maximum exclusion of 2. On July 1, 2016, Vega made a transfer by gift in an amount sufficient to require the filing of a gift tax return. Vega was still alive in 2016. – PowerPoint PPT presentation

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Title: ACC 547 Expect Success/newtonhelp.com


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ACC 547 Expect Success/newtonhelp.com
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ACC 547 Expect Success/newtonhelp.com
  • ACC 547 Final Exam Guide
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • 1. In 2016, Sayers, who is single, gave an
    outright gift of 50,000 to a friend, Johnson,
    who needed the money to pay medical expenses. In
    filing the 2016 gift tax return, Sayers was
    entitled to a maximum exclusion of
  • 2. On July 1, 2016, Vega made a transfer by
    gift in an amount sufficient to require the
    filing of a gift tax return. Vega was still alive
    in 2016.
  • If Vega did not request an extension of time for
    filing the 2016 gift tax return, the due date for
    filing was

3
ACC 547 Expect Success/newtonhelp.com
  • ACC 547 Week 1 Tax Research Paper
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Review two sources that discuss the different
    types of tax authority (specifically primary and
    secondary sources).
  • Createa 700- to 1,050-word (at least meet the
    minimum words) document that addresses the
    following
  • What are the two different categories of tax
    research (open and closed transactions)?

4
ACC 547 Expect Success/newtonhelp.com
  • ACC 547 Week 2 Getting Personal
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  • www.newtonhelp.com
  •  
  • Introduction
  • Gross Income
  • Above the Line Deductions
  • Itemize Deductions
  • Personal Exemptions
  • Taxable Income

5
ACC 547 Expect Success/newtonhelp.com
  • ACC 547 Week 3 Comprehensive Problem Machines Inc
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Comprehensive Problem for Chapters 7 and 8. Sam
    Johnson started a small machine shop, Machines,
    Inc., in his garage and incorporated it in March
    of 2013 as a calendar-year corporation. At that
    time, he began using his personal computer and
    tools solely for the business as part of his
    contribution to the corporation. The computer
    cost 2,700 but had a fair market value of only
    900 at conversion and the tools, which had cost
    1,500, were valued at 1,100. During 2013,
    Machines, Inc. purchased two machines Machine A,
    purchased on May 2, cost 24,000 Machine B,
    purchased on June 5, cost 40,000.

6
ACC 547 Expect Success/newtonhelp.com
  • ACC 547 Week 4 Jordan and Diana Diego (Score 85)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Jordan (SSN 150-66-7788) and Diana (SSN
    150-67-4321) Diego are a married couple who
    reside at 111 Coral Drive in Miami, FL 33156.
    They have one dependent daughter, Emily (SSN
    155-88-4321), age 18, who lives at home.
  • Jordan is a manager at Big Box Corporation. His
    Form W-2 wages are 68,000 and federal income tax
    withheld is 8,300. The correct payroll taxes
    were withheld.

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ACC 547 Expect Success/newtonhelp.com
  •  
  • ACC 547 Week 5 Sales and Use Tax
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Sales and Use Tax What is the Solution?
  • Introduction
  • Sales and Use Tax Laws
  • Should There Be a Federal Sales and Use Tax
    System?
  • Conclusion

8
ACC 547 Expect Success/newtonhelp.com
  • ACC 547 Week 6 Godfreys Assets
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • When Godfrey died in 2016, his assets were valued
    as follows
  • Asset Date of death valuation
    Valuation six months later
  • Stocks 2,220,000 2,180,000
  • Bonds 4,600,000 4,620,000
  • Home 800,000 780,000
  • Total 7,620,000 7,580,000

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ACC 547 Expect Success/newtonhelp.com
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