1. ACC 455 Academic professor/tutorialrank For more course Tutorials www.tutorialrank.com

2. ACC 455 Academic professor/tutorialrank ACC 455 Entire Course ACC 455 Week 1 DQ 1 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 2 ACC 455 Week 1 DQ 3 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 1 ACC 455 Week 2 DQ 2 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 3 ACC 455 Week 2 DQ 4 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 DQ 5 ACC 455 Week 2 Individual Assignment Problem Set 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 Hall’s Federal Taxation 2010: Corporations. · C:2-6 · C:2-40 · C:2-45 Read the scenario and respond to the questions.

7. ACC 455 Academic professor/tutorialrank ACC 455 Week 2 Team Assignment Outline for Week 3 ACC 455 Week 3 DQ 1 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 (E&P)? What income is deferred to a later year when computing taxable income but is included in E&P in the current year? What deductions are allowed for taxable income purposes but denied for E&P?

8. ACC 455 Academic professor/tutorialrank ACC 455 Week 3 DQ 2 ACC 455 Week 3 DQ 3 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 3 Team Assignment Problem Set ACC 455 Week 4 DQ 1 Complete the problems found in Ch. 3 & 5 of Prentice Hall’s Federal Taxation 2010: Corporations with your Learning Team. · C:3-8 Discussion Question · C:5-10 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 2 ACC 455 Week 4 DQ 3 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 2 ACC 455 Week 5 DQ 4 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