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ACC 455 Education for Service-- acc455.com. ACC 455 Entire Course For more course tutorials visit ACC 455 Week 1 Individual assignment.

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Presentation on theme: "ACC 455 Education for Service-- acc455.com. ACC 455 Entire Course For more course tutorials visit ACC 455 Week 1 Individual assignment."— Presentation transcript:

1 ACC 455 Education for Service-- acc455.com

2 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 Education for Service--acc455.com

3 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 ACC 455 Education for Service--acc455.com

4 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? ACC 455 Education for Service--acc455.com

5 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 ACC 455 Education for Service--acc455.com

6 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 ACC 455 Education for Service--acc455.com

7 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 Hall’s Federal Taxation 2016 Corporations, Partnerships, Estates & Trusts. Write answers to questions C:3-1 through C:3 ACC 455 Education for Service--acc455.com

8 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 year’s income ACC 455 Education for Service--acc455.com

9 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. ACC 455 Education for Service--acc455.com

10 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? ACC 455 Education for Service--acc455.com

11 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? ACC 455 Education for Service--acc455.com

12 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. ACC 455 Education for Service--acc455.com

13 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 ACC 455 Education for Service--acc455.com

14 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 Hall’s Federal Taxation 2016 Corporations, Partnerships, Estates & Trusts. Write a minimum ACC 455 Education for Service--acc455.com

15 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. Jeff’s S Corporation ACC 455 Education for Service--acc455.com

16 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. Jeff’s S Corporation ACC 455 Education for Service--acc455.com

17 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? ACC 455 Education for Service--acc455.com

18 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 ACC 455 Education for Service--acc455.com

19 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? ACC 455 Education for Service--acc455.com

20 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 manager’s meeting ACC 455 Education for Service--acc455.com

21 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? ACC 455 Education for Service--acc455.com

22 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 Hall’s Federal Taxation 2016 Corporations, Partnerships, Estates & Trusts. Write a minimum 175-word ACC 455 Education for Service--acc455.com

23 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? ACC 455 Education for Service--acc455.com

24 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 ACC 455 Education for Service--acc455.com

25 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 owner’s K-1 and individual taxes? ACC 455 Education for Service--acc455.com

26 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 ACC 455 Education for Service--acc455.com

27 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. ACC 455 Education for Service--acc455.com

28 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 Hall’s Federal Taxation 2016 Corporations, Partnerships, Estates & Trusts. Write answers to questions C:5-1 through ACC 455 Education for Service--acc455.com

29 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 ACC 455 Education for Service--acc455.com

30 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 ACC 455 Education for Service--acc455.com

31 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 ACC 455 Education for Service--acc455.com

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