ACC 455 Lessons in Excellence / acc455.com

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ACC 455 Lessons in Excellence -- acc455.com
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ACC 455 Lessons in Excellence -- 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
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ACC 455 Lessons in Excellence -- 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 Lessons in Excellence -- 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 Lessons in Excellence -- 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 Lessons in Excellence -- 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 Lessons in Excellence -- 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 Lessons in Excellence -- 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?
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ACC 455 Lessons in Excellence -- 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 Lessons in Excellence -- 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 Lessons in Excellence -- 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 Lessons in Excellence -- 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 Lessons in Excellence -- 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 Lessons in Excellence -- 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.
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ACC 455 Lessons in Excellence -- 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 Lessons in Excellence -- 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 Lessons in Excellence -- 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 Lessons in Excellence -- 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
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ACC 455 Lessons in Excellence -- 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
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ACC 455 Lessons in Excellence -- 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.
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ACC 455 Lessons in Excellence -- 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 Lessons in Excellence -- 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 Lessons in Excellence -- 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 Lessons in Excellence -- 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 Lessons in Excellence -- 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 Lessons in Excellence -- 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.
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ACC 455 Lessons in Excellence -- 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 Lessons in Excellence -- 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 Lessons in Excellence -- 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 Lessons in Excellence -- 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 Lessons in Excellence -- 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 Lessons in Excellence -- acc455.com