Acc 555 Entire Course Individual Tax Research and Planning

ACC 555 Entire Course Individual Tax Research and Planning

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ACC 555 Entire Course Individual Tax Research and Planning

ACC 555 Assignment 1 – Tax Research

Imagine that the Internal Revenue Service (IRS) has selected your client for an audit. Your client and the IRS disagree about the amount of tax revenue owed. You agree with your client’s position. You must provide a defense for the client that requires you to research the issues in order to render an educated opinion on a course of action for your client. Note: You may create and/or make all necessary assumptions needed for the completion of this assignment.

Write a three to four (3-4) page paper in which you:

1. Prepare a defensible strategy for the client by using the six (6) steps in the tax research process. Propose how each of the steps provides support for the client’s position.

2. Create a fact-based argument that you plan to propose to the client as a defense of his / her position with the IRS.

ACC 555 Assignment 2 – Tax-Deductible Losses

Write a six to eight (6-8) page paper in which you:

1. Research the manner in which tax-deductible losses originally became part of the U.S. Tax Code. Conclude whether or not tax-deductible losses overall are reasonable. Provide support for your conclusions.

2. Suggest what you believe to be a significant tax-deductible loss. Discuss whether or not the deductibility of this loss harms other taxpayers in general. Recommend changes to this tax-deductible loss you would make that would be fairer to all taxpayers.

3. Choose a type of loss that is not deductible, and argue whether these losses should continue to be disallowed, or why they should be allowed. Provide support for the rationale.

ACC 555 Assignment 3 – Tax Periods and Method

Imagine that you have always wanted to own a business and have now created a new start-up company.

Write an...