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ACC 401 Entire Course

• ACC 401 Week 1 Assignment Chapter 2 Problems 32,
  33 38
• ACC 401 Week 1 Quiz
• ACC 401 Week 1 Quiz Set 2
• ACC 401 Week 1 DQ 1 Basic Concepts
• ACC 401 Week 1 DQ 2 Gross Income
• ACC 401 Week 2 Assignment Chapter 4

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ACC 401 Week 1 Assignment Chapter 2 Problems 32,
33 38 (UOP)

• ) List the five types of filing status and
  briefly explain the requirements for the use of
  each one.
• 33) In which of the following cases may the
  taxpayer claim head of household filing status?
• a. The taxpayer is single and maintains a
  household which is the principal place of abode
  of her infant son.
• b. The taxpayer is single and maintains a
  household for herself and maintains a separate
  household which is the principal place of abode
  of her dependent widowed mother.
• c. The taxpayer is married from January

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ACC 401 Week 1 DQ 1 Basic Concepts

• From Chapter 1, complete discussion questions 6,
  9, 10. From Chapter 2, complete discussion
  questions 3, 6, 9, 10. Review Appendix E (2014
  IRS Tax Forms) to see where dependents are shown
  on the tax return. Remember to complete all parts
  of the problems and report the results of your
  analysis. Do not forget to show the necessary
  steps and explain how you attained that outcome.

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ACC 401 Week 1 DQ 2 Gross Income

• From Chapter 3, answer discussion questions 1, 2,
  3, 10, 12, 15. Remember to complete all parts
  of the problems and report the results of your
  analysis. Do not forget to show the necessary
  steps and explain how you attained that outcome.

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ACC 401 Week 1 Quiz (UOP)

• ACC 401 Week 1 Quiz

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ACC 401 Week 1 Quiz Set 2

• 1. Question What is the amount of the social
  security wage limitation for 2014? 2. Question
  With respect to the income tax formula, which of
  the following statements is 3. Question To be a
  qualifying child, the taxpayermust meet three
  general tests and five specific tests. Which one
  is not part of the five specific tests?

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ACC 401 Week 2 Assignment Chapter 4 problem 53
and problem 55 (UOP)

• Under the terms of a divorce decree executed May
  1, 2008, Rob transferred a house worth 650,000
  to his ex-wife, Linda, and was to make alimony
  payments of 3,000 per month. The property has a
  tax basis to Rob of 300,000.
• a. How much of this must be reported on Lindas
  tax return?

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ACC 401 Week 2 DQ 1 Adjusted Gross Income

• What are some of the limitations concerning
  deductibility of student loan interest? Be
  specific and comprehensive 43. How much, if any,
  may Antonio take as a moving expense deduction on
  his 2014 tax return? Is that deduction subject to
  any conditions that could change its
  deductibility in the future? 47. Three types of
  payments are associated with a decree of
  separation or a divorce. a. What are those three
  payments b. Which one has a tax consequence c.
  What is the timing rule regarding the recapture
  period of those payments

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ACC 401 Week 2 DQ 2 Itemized Deductions

• Ch5. 48. Mickey is a 12-year-old dialysis
  patient. Three times a week he and his mother,
  Sue, drive 20 miles one way to Mickeys dialysis
  clinic. On the way home they go 10 miles out of
  their way to stop at Mickeys favorite
  restaurant. Their total round trip is 50 miles
  per day. How many of those miles, if any, can Sue
  use to calculate an itemized deduction for
  transportation? Use the mileage rate in effect
  for 2010. Explain your answer. 52. On April 1,
  2010, Paul sold a house to Amy.

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ACC 401 Week 2 Quiz (UOP)

• ACC 401 Week 2 Quiz

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ACC 401 Week 3 Assignment Chapter 6 (UOP)

• 39. David is a college professor who does some
  consulting work on the side. He uses 25 of his
  home exclusively for the consulting practice. He
  is single and 63 years old. His AGI (without
  consideration of consulting income) is 45,000.
  Other information follows
• Income from consulting business 4,000
• Consulting expenses other than home office 1,500

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ACC 401 Week 3 DQ 1 Self-Employed Business Income
Capital Gains

• Ch6. 1. Discuss the definition of trade or
  business. Why does it matter whether a taxpayer
  is classified as an employee or as self-employed?
  2. Discuss the concepts of ordinary, necessary,
  and reasonable in relation to trade or business
  expenses. 9. Discuss the concept of electing ?179
  expense. Does the election allow a larger expense
  deduction in the year of asset acquisition? 15.
  Why were the hobby loss rules established? What
  factors determine whether an activity is a trade
  or business or a hobby? Is any one factor
  controlling? Ch7. 1. How are the terms basis,
  adjusted basis, and fair market value defined as
  they apply to the calculation of gains and
  losses?

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ACC 401 Week 3 DQ 2 Rental Property Royalties

• Ch8. 33. Ramone is a tax attorney and he also
  owns an office building that he rents for 8,500
  /month. He is responsible for paying all taxes
  and expenses relating to the buildings operation
  and maintenance. Is Ramone engaged in the trade
  or business of renting real estate? 34. Kelvin
  owns and lives in a duplex. He rents the other
  unit for 750 per month. He incurs the following
  expenses during the current year for the entire
  property How are the expenditures treated for
  tax purposes?

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ACC 401 Week 3 Quiz (UOP)

• ACC 401 Week 3 Quiz

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ACC 401 Week 4 Assignment Chapter 9, Problem 42
problem 49 (UOP)

• 42. Tim and Martha paid 7,900 in qualified
  employment-related expenses for their three young
  children who live with them in their household.
  Martha received 1,800 of dependent care
  assistance from her employer, which was properly
  excluded from gross income. The couple had
  57,000 of AGI earned equally by Tim and Martha.
  What amount of child and dependent care tax
  credit can they claim on their Form 1040? How
  would your answer differ (if at all) if the
  couple had AGI of 36,000 that was entirely
  earned by Tim?
• 49. Jeremy and Celeste paid the

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ACC 401 Week 4 DQ 1 Tax Credits and Payroll Taxes

• From Chapter 9, complete questions 3 and 7, and
  problem 43. From Chapter 10, complete question 1
  and question 7. Remember to complete all parts of
  the problems and report the results of your
  analysis. Do not forget to show the necessary
  steps and explain how you attained that outcome.
  Respond to at least two of your classmates'
  postings.

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ACC 401 Week 4 DQ 2 Payroll Taxes and Retirement
Plans

• From Chapter 10, complete questions 12 and 13.
  From Chapter 11, complete question 5, question
  15, and question 19. Remember to complete all
  parts of the problems and report the results of
  your analysis. Do not forget to show the
  necessary steps and explain how you attained that
  outcome.

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ACC 401 Week 4 Quiz (UOP)

• ACC 401 Week 4 Quiz

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ACC 401 Week 5 DQ 1 Partnership Taxation

• Chapter 14, problems 1, 3, 12, and 15. 1. Discuss
  the formation of a partnership. Is any gain or
  loss recognized? Explain. 3. How do taxation for
  the corporate form and taxation for the
  partnership form differ? 12. Can a partner have a
  salary from a partnership? Why? What is a
  guaranteed payment? 15. If a partner owns a 20
  interest, does that necessarily mean that he or
  she will receive 20 of the net income from the
  partnership? Explain.

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ACC 401 Week 5 DQ 2 Corporate taxation

• Chapter 15, problems 4, 6, 14 and 16. 4.Explain
  the 80 rule as it pertains to the formation of a
  corporation. 6.An individual contributes property
  with a fair market value in excess of basis to a
  corporation in exchange for stock. What is the
  basis of the stock in the hands of the
  shareholder, and what is the basis of the
  property contributed in the hands of the
  corporation?

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ACC 401 Week 5 Final Paper Assignment (UOP)

• QAppendix A
• Please use this information for your Tax Return
  and Paper.
• All people, businesses, and information are
  fictional. Any relation to an actual person or
  business is accidental.
• Harold Petersan
• SSN 0XX-01-1XXX
• Date of Birth (DOB) 05/27/1975

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ACC 401 MASTER EDUCATION EXPERT /
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