ACC 455 Academic Achievement/uophelp

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ACC 455 Course Tutorial

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ACC 455 Course Tutorial

• ACC 455 Entire Course

• ACC 455 Week 1 DQ 1

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• ACC 455 Week 1 Individual assignment Tax Return
  Position PaperACC 455 Week 1 DQ 1ACC 455 Week 1
  DQ 2ACC 455 Week 1 DQ 3ACC 455 Week 2
  Individual Assignment Problem SetACC 455 Week 2
  Team Assignment Outline for Week 3ACC 455 Week 2
  DQ 1

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• 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?

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ACC 455 Course Tutorial

• ACC 455 Week 1 DQ 2

• ACC 455 Week 1 DQ 3

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• 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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• 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 Course Tutorial

• ACC 455 Week 1 Individual assignment Tax Return
  Position Paper

• ACC 455 Week 2 DQ 1

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• Suppose you have a concern about taking a
  particular position on a tax return.
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• Write a 700-word paper that discusses the
  following
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• What are the primary sources of tax law?
• What are the secondary sources of tax law?

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• 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 Course Tutorial

• ACC 455 Week 2 Discussion Question 2

• ACC 455 Week 2 Individual Assignment Assignments
  CH 2 3

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• What are value-added processes? How do you
  determine if a process adds value? How does
  identification of value-added processes help a
  company run more efficiently and effectively?

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• Prepare written responses to the following
  assignments from Managerial Accounting Tools for
  Business Decision Making
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• Ch. 2 Exercises E-2-6 and E2-9
• Ch. 3 Exercises E3-5 and E3-9

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ACC 455 Course Tutorial

• ACC 455 Week 2 DQ 2

• ACC 455 Week 2 DQ 3

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• 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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• 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 Course Tutorial

• ACC 455 Week 2 DQ 4

• ACC 455 Week 2 Individual Assignment Problem Set

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• 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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• Complete the problems found in Ch. 2 of Prentice
  Halls Federal Taxation 2010 Corporations.
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• C2-6
• C2-40
• C2-45

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ACC 455 Course Tutorial

• ACC 455 Week 2 Team Assignment Outline for Week 3

• ACC 455 Week 3 DQ 1

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• 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

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• 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 Course Tutorial

• ACC 455 Week 3 DQ 2

• ACC 455 Week 3 DQ 3

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• Distinguish between current and accumulated
  earnings and profits. Why is it important to make
  this distinction?

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• 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 Course Tutorial

• ACC 455 Week 3 Team Assignment Problem Set

• ACC 455 Week 4 DQ 1

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• Complete the problems found in Ch. 3 5 of
  Prentice Halls Federal Taxation 2010
  Corporations with your Learning Team.
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• C3-8 Discussion Question

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• 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

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ACC 455 Course Tutorial

• ACC 455 Week 4 DQ 2

• ACC 455 Week 4 DQ 3

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• 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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• 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 Course Tutorial

• ACC 455 Week 4 DQ 4

• ACC 455 Week 4 Individual Assignment Problem Set

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• 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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• Complete the problems found in Ch. 4 6 of
  Prentice Halls Federal Taxation 2010
  Corporations.
• C6-8 Discussion Question
• C4-34 Problem
• C4-36 Problem
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ACC 455 Course Tutorial

• ACC 455 Week 4 Team Assignment Outline for Week 5

• ACC 455 Week 5 DQ 1

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• Please Provide a brief outline of how the team
  will be setting up the team problem in week 5.

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• What is a liquidating distribution? What is a
  nonliquidating distribution? Provide an example
  of each.

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ACC 455 Course Tutorial

• ACC 455 Week 5 DQ 2

• ACC 455 Week 5 DQ 3

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• 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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• 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 Course Tutorial
For more course tutorials visit www.uophelp.com