ACC 455 Academic professor/tutorialrank.com

1
ACC 455 Academic professor/tutorialrank
For more course Tutorials
www.tutorialrank.com
2
ACC 455 Academic professor/tutorialrank
ACC 455 Week 1 DQ 1
ACC 455 Entire Course
ACC 455 Week 1 Individual assignment Tax Return
Position Paper (UOP Course) ACC 455 Week 1 DQ 1
(UOP Course) ACC 455 Week 1 DQ 2 (UOP Course) ACC
455 Week 1 DQ 3 (UOP Course) ACC 455 Week 2
Individual Assignment Problem Set (UOP
Course) ACC 455 Week 2 Team Assignment Outline
for Week 3 (UOP Course) ACC 455 Week 2 DQ 1 (UOP
Course) ACC 455 Week 2 DQ 2 (UOP Course)
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
3
ACC 455 Academic professor/tutorialrank
ACC 455 Week 1 DQ 3
ACC 455 Week 1 DQ 2
What constitutes substantial authority for a
position taken on a tax return? What options do
you have if substantial authority is lacking?
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
4
ACC 455 Academic professor/tutorialrank
ACC 455 Week 2 DQ 2
ACC 455 Week 2 DQ 1
What are the alternative tax years available to a
corporation? What factors should be considered in
electing the tax year?
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?  
5
ACC 455 Academic professor/tutorialrank
ACC 455 Week 2 DQ 4
ACC 455 Week 2 DQ 3
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.
What is the legislative intent behind the
corporate alternative minimum tax (AMT)? Define
tax preference items, AMT adjustment, and minimum
tax credit.  
6
ACC 455 Academic professor/tutorialrank
ACC 455 Week 2 Individual Assignment Problem Set
ACC 455 Week 2 DQ 5
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.  
Complete the problems found in Ch. 2 of Prentice
Halls Federal Taxation 2010 Corporations.
C2-6 C2-40 C2-45
Read the scenario and respond to the questions.
7
ACC 455 Academic professor/tutorialrank
ACC 455 Week 3 DQ 1
ACC 455 Week 2 Team Assignment Outline for Week 3
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
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?  
8
ACC 455 Academic professor/tutorialrank
ACC 455 Week 3 DQ 3
ACC 455 Week 3 DQ 2
Distinguish between current and accumulated
earnings and profits. Why is it important to make
this distinction?  
What is a stock redemption? What are some reasons
for redeeming stock? Why are some redemptions
treated as sales and others as dividends?
9
ACC 455 Academic professor/tutorialrank
ACC 455 Week 4 DQ 1
ACC 455 Week 3 Team Assignment Problem Set
Complete 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
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?  
10
ACC 455 Academic professor/tutorialrank
ACC 455 Week 4 DQ 3
ACC 455 Week 4 DQ 2
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?  
What are separately stated items on a K-1? Why is
it necessary to separate these items from
ordinary income
11
ACC 455 Academic professor/tutorialrank
ACC 455 Week 5 DQ 4
ACC 455 Week 5 DQ 2
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
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?  
12
ACC 455 Academic professor/tutorialrank
For more course Tutorials
www.tutorialrank.com