ACC 455 Course Future Starts / acc455dotcom

1
ACC 455 Course Future Starts / acc455.com
The Best way to predict the Future is to create
it.....To Best way....
www.acc455.com
2
ACC 455 Course Future Starts / 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
3
ACC 455 Course Future Starts / 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,
4
ACC 455 Course Future Starts / 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?
5
ACC 455 Course Future Starts / 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.
6
ACC 455 Course Future Starts / acc455.com
ACC 455 Week 1 Individual assignment Tax Return
Position Paper For more course tutorials
visit www.acc455.com   Suppose you have a concern
about taking a particular position on a tax
return. Write a 700-word paper that discusses the
following What are the primary
sources of tax law? What are the
secondary sources of tax law? What is
substantial authority?
7
ACC 455 Course Future Starts / 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?
8
ACC 455 Course Future Starts / 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?
9
ACC 455 Course Future Starts / 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.
10
ACC 455 Course Future Starts / 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.
11
ACC 455 Course Future Starts / acc455.com
ACC 455 Week 2 Individual Assignment Problem
Set For more course tutorials visit www.acc455.com
  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. Support your answers with
calculations, as needed.
12
ACC 455 Course Future Starts / acc455.com
ACC 455 Week 2 Team Assignment Outline for Week
3 For more course tutorials visit www.acc455.com  
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
13
ACC 455 Course Future Starts / 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?
14
ACC 455 Course Future Starts / 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?
15
ACC 455 Course Future Starts / 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?
16
ACC 455 Course Future Starts / acc455.com
ACC 455 Week 3 Team Assignment Problem Set For
more course tutorials visit www.acc455.com   Compl
ete 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
C3-35 Problem C3-38 Problem
Read the scenario and respond to the
questions. Support your answers with
calculations, as needed.
17
ACC 455 Course Future Starts / 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?
18
ACC 455 Course Future Starts / 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?
19
ACC 455 Course Future Starts / 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?
20
ACC 455 Course Future Starts / 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?
21
ACC 455 Course Future Starts / acc455.com
ACC 455 Week 4 Individual Assignment Problem
Set For more course tutorials visit www.acc455.com
  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 Read the scenario and respond to
the questions. Support your answers with
calculations, as needed. Show your work.
22
ACC 455 Course Future Starts / acc455.com
ACC 455 Week 4 Team Assignment Outline for Week
5 For more course tutorials visit www.acc455.com  
Please Provide a brief outline of how the team
will be setting up the team problem in week 5.
Please indicate who will be responsible for each
section and a timeline to complete
23
ACC 455 Course Future Starts / 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.
24
ACC 455 Course Future Starts / 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?
25
ACC 455 Course Future Starts / 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?
26
ACC 455 Course Future Starts / 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?
27
ACC 455 Course Future Starts / acc455.com
ACC 455 Week 5 Team Assignment Problem Set For
more course tutorials visit www.acc455.com   Compl
ete the problems found in Ch. 9, 10, 11 of
Federal Taxation 2010 Corporations with your
Learning Team. C9-35 Problem
C11-45 Problem C10-4 Discussion
Question (Ch. 10) C11-47 Problem )
28
ACC 455 Course Future Starts / acc455.com
The Best way to predict the Future is to create
it.....To Best way....
www.acc455.com