For more classes visit
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ACC418 Module 1 Assignment 3 Calculating Tax Cost
Microtech Software Corporation (MSC) was founded in 2001. The founder, Chan Li, studied at MIT
For more classes visit
www.snaptutorial.com
ACC418 Module 1 Assignment 3 Calculating Tax Cost
Microtech Software Corporation (MSC) was founded in 2001. The founder, Chan Li, studied at MIT and worked for a large software corporation before returning to his hometown, Centervale, to set up his own company.
For more classes visit
www.snaptutorial.com
ACC418 Module 1 Assignment 3 Calculating Tax Cost
Microtech Software Corporation (MSC) was founded in 2001. The founder, Chan Li, studied at MIT and worked for a large software corporation before returning to his hometown, Centervale, to set up his own company.
The corporate tax rate structure applicable in Centervale is as follows:
For more course tutorials visit
www.newtonhelp.com
ACC418 Module 1 Assignment 3 Calculating Tax Cost
Microtech Software Corporation (MSC) was founded in 2001. The founder, Chan Li, studied at MIT and worked for a large software corporation before returning to his hometown, Centervale, to set up his own company.
For more course tutorials visit
www.newtonhelp.com
ACC418 Module 1 Assignment 3 Calculating Tax Cost
Microtech Software Corporation (MSC) was founded in 2001. The founder, Chan Li, studied at MIT and worked
For more classes visit
www.snaptutorial.com
ACC418 Module 1 Assignment 3 Calculating Tax Cost
Microtech Software Corporation (MSC) was founded in 2001. The founder, Chan Li, studied at MIT and worked for a large software corporation before returning to his hometown, Centervale, to set up his own company.
For more course tutorials visit
www.tutorialrank.com
ACC418 Module 1 Assignment 3 Calculating Tax Cost
Microtech Software Corporation (MSC) was founded in 2001. The founder, Chan Li, studied at MIT and worked for a large software corporation before returning to his hometown, Centervale, to set up his own
For more course tutorials visit
www.tutorialrank.com
ACC418 Module 1 Assignment 3 Calculating Tax Cost
Microtech Software Corporation (MSC) was founded in 2001. The founder, Chan Li, studied at MIT and worked for a large software corporation before returning to his hometown, Centervale, to set up his own company.
The corporate tax rate structure applicable in Centervale is as follows:
For more classes visit
www.snaptutorial.com
ACC418 Module 1 Assignment 3 Calculating Tax Cost
Microtech Software Corporation (MSC) was founded in 2001. The founder, Chan Li, studied at MIT and worked for a large software corporation before returning to his hometown, Centervale, to set up his own company.
For more classes visit
www.snaptutorial.com
ACC418 Module 1 Assignment 3 Calculating Tax Cost
Microtech Software Corporation (MSC) was founded in 2001. The founder, Chan Li, studied at MIT and worked for a large software corporation before returning to his hometown, Centervale, to set up his own company.
The corporate tax rate structure applicable in Centervale is as follows:
For more course tutorials visit
www.newtonhelp.com
ACC418 Module 1 Assignment 3 Calculating Tax Cost
Microtech Software Corporation (MSC) was founded in 2001. The founder, Chan Li, studied at MIT and worked for a large software corporation before returning to his hometown, Centervale, to set up his own company.
For more course tutorials visit
www.newtonhelp.com
ACC418 Module 1 Assignment 3 Calculating Tax Cost
Microtech Software Corporation (MSC) was founded in 2001. The founder, Chan Li, studied at MIT and worked
For more classes visit
www.snaptutorial.com
ACC418 Module 1 Assignment 3 Calculating Tax Cost
Microtech Software Corporation (MSC) was founded in 2001. The founder, Chan Li, studied at MIT and worked for a large software corporation before returning to his hometown, Centervale, to set up his own company.
For more course tutorials visit
www.tutorialrank.com
ACC418 Module 1 Assignment 3 Calculating Tax Cost
Microtech Software Corporation (MSC) was founded in 2001. The founder, Chan Li, studied at MIT and worked for a large software corporation before returning to his hometown, Centervale, to set up his own
For more course tutorials visit
www.tutorialrank.com
ACC418 Module 1 Assignment 3 Calculating Tax Cost
Microtech Software Corporation (MSC) was founded in 2001. The founder, Chan Li, studied at MIT and worked for a large software corporation before returning to his hometown, Centervale, to set up his own company.
The corporate tax rate structure applicable in Centervale is as follows:
Maximizing Deductions in Light of the Section 162(m) GuidanceWinston & Strawn LLP
Winston & Strawn’s Employee Benefits & Executive Compensation Practice hosted “Maximizing Deductions in Light of the Section 162(m) Guidance” on September 6, 2018.
The IRS recently issued Notice 2018-68 providing much anticipated guidance on the key issues with respect to the Section 162(m) amendments added by the Tax Cuts and Jobs Act.
Partners Michael Melbinger, Nyron Persaud, and Ruth Wimer presented this webinar focused on understanding the impact of Notice 2018-68, including:
- Brief overview of the changes in Section 162(m) as a result of the Tax Act
- In depth discussion and analysis of Notice 2018-68: Covered employee, written binding contract, material modification
- “To do” list for maximizing deductions going forward
- Alternative compensation strategies
- Proxy Statement Reporting
- Accounting issues
Learn more here: https://www.winston.com/en/thought-leadership/maximizing-deduction-in-light-of-the-section-162m-guidance.html.
This year, we are proud to be back in person for the fifth annual Manufacturing Education Day on October 29, 2021. As the year comes to an end Rea & Associates is thrilled to bring together top industry experts to support the ongoing success of the manufacturing industry.
Whether you manufacture pallets, pivoted your core products, or are looking for great insight, register today to ensure you don’t miss this essential event!
For more course tutorials visit
www.tutorialrank.com
B6022 Module 1 Assignment 3 Calculating Financial Ratios
ital to any ratio analysis are the steps of gathering financial data and selecting and calculating relevant ratios. This assignment provides you with an opportunity to do just that.
For more course tutorials visit
www.tutorialrank.com
B6022 Module 1 Assignment 3 Calculating Financial Ratios
ital to any ratio analysis are the steps of gathering financial data and selecting and calculating relevant ratios. This assignment provides you with an opportunity to do just that.
For more classes visit
www.snaptutorial.com
ACC 568 Final Exam Guide Part 1
Question 1
Which of the following is not an assumption of the linear breakeven model:
Question 2
George Webb Restaurant collects on the average $5 per customer at its breakfast & lunch diner. Its variable cost per customer averages $3, and its annual fixed cost is $40,000. If George Webb wants to make a profit of $20,000 per year at the diner, it will have to serve__________ customers per year.
Question 3
In the linear breakeven model, the breakeven sales volume (in dollars) can be found by multiplying the breakeven sales volume (in units) by:
ACC 568 MART Achievement Education--acc568mart.comshanaabe86
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ACC 568 Final Exam Guide Part 1
Question 1
Which of the following is not an assumption of the linear breakeven model:
ACC 568 MART Redefined Education--acc568mart.comclaric187
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ACC 568 Final Exam Guide Part 1
Question 1
Which of the following is not an assumption of the linear breakeven model:
Question 2
George Webb Restaurant collects on the average $5 per customer at its breakfast & lunch diner. Its variable cost per customer averages $3, and its annual fixed cost is $40,000. If George Webb wants to make a profit of $20,000 per year at the diner, it will have to serve__________ customers per year.
Question 3
In the linear breakeven model, the breakeven sales volume (in dollars) can be found by multiplying the breakeven sales volume (in units) by:
Question 4
In the linear breakeven model, the difference between selling price per unit and variable cost per unit is referred to as:
Question 5
In a study of banking by asset size over time, we can find which asset sizes are tending to become more prominent. The size that is becoming more predominant is presumed to be least cost. This is called:
Question 6
For more course tutorials visit
www.tutorialrank.com
ACC 568 Final Exam Guide Part 1
Question 1
Which of the following is not an assumption of the linear breakeven model:
Question 2
George Webb Restaurant collects on the average $5 per customer at its breakfast & lunch diner. Its variable cost per customer averages $3, and its annual fixed cost is $40,000. If George Webb
Maximizing Deductions in Light of the Section 162(m) GuidanceWinston & Strawn LLP
Winston & Strawn’s Employee Benefits & Executive Compensation Practice hosted “Maximizing Deductions in Light of the Section 162(m) Guidance” on September 6, 2018.
The IRS recently issued Notice 2018-68 providing much anticipated guidance on the key issues with respect to the Section 162(m) amendments added by the Tax Cuts and Jobs Act.
Partners Michael Melbinger, Nyron Persaud, and Ruth Wimer presented this webinar focused on understanding the impact of Notice 2018-68, including:
- Brief overview of the changes in Section 162(m) as a result of the Tax Act
- In depth discussion and analysis of Notice 2018-68: Covered employee, written binding contract, material modification
- “To do” list for maximizing deductions going forward
- Alternative compensation strategies
- Proxy Statement Reporting
- Accounting issues
Learn more here: https://www.winston.com/en/thought-leadership/maximizing-deduction-in-light-of-the-section-162m-guidance.html.
This year, we are proud to be back in person for the fifth annual Manufacturing Education Day on October 29, 2021. As the year comes to an end Rea & Associates is thrilled to bring together top industry experts to support the ongoing success of the manufacturing industry.
Whether you manufacture pallets, pivoted your core products, or are looking for great insight, register today to ensure you don’t miss this essential event!
For more course tutorials visit
www.tutorialrank.com
B6022 Module 1 Assignment 3 Calculating Financial Ratios
ital to any ratio analysis are the steps of gathering financial data and selecting and calculating relevant ratios. This assignment provides you with an opportunity to do just that.
For more course tutorials visit
www.tutorialrank.com
B6022 Module 1 Assignment 3 Calculating Financial Ratios
ital to any ratio analysis are the steps of gathering financial data and selecting and calculating relevant ratios. This assignment provides you with an opportunity to do just that.
For more classes visit
www.snaptutorial.com
ACC 568 Final Exam Guide Part 1
Question 1
Which of the following is not an assumption of the linear breakeven model:
Question 2
George Webb Restaurant collects on the average $5 per customer at its breakfast & lunch diner. Its variable cost per customer averages $3, and its annual fixed cost is $40,000. If George Webb wants to make a profit of $20,000 per year at the diner, it will have to serve__________ customers per year.
Question 3
In the linear breakeven model, the breakeven sales volume (in dollars) can be found by multiplying the breakeven sales volume (in units) by:
ACC 568 MART Achievement Education--acc568mart.comshanaabe86
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ACC 568 Final Exam Guide Part 1
Question 1
Which of the following is not an assumption of the linear breakeven model:
ACC 568 MART Redefined Education--acc568mart.comclaric187
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www.acc568mart.com
ACC 568 Final Exam Guide Part 1
Question 1
Which of the following is not an assumption of the linear breakeven model:
Question 2
George Webb Restaurant collects on the average $5 per customer at its breakfast & lunch diner. Its variable cost per customer averages $3, and its annual fixed cost is $40,000. If George Webb wants to make a profit of $20,000 per year at the diner, it will have to serve__________ customers per year.
Question 3
In the linear breakeven model, the breakeven sales volume (in dollars) can be found by multiplying the breakeven sales volume (in units) by:
Question 4
In the linear breakeven model, the difference between selling price per unit and variable cost per unit is referred to as:
Question 5
In a study of banking by asset size over time, we can find which asset sizes are tending to become more prominent. The size that is becoming more predominant is presumed to be least cost. This is called:
Question 6
For more course tutorials visit
www.tutorialrank.com
ACC 568 Final Exam Guide Part 1
Question 1
Which of the following is not an assumption of the linear breakeven model:
Question 2
George Webb Restaurant collects on the average $5 per customer at its breakfast & lunch diner. Its variable cost per customer averages $3, and its annual fixed cost is $40,000. If George Webb
For more classes visit
www.snaptutorial.com
ACC 568 Final Exam Guide Part 1
Question 1
Which of the following is not an assumption of the linear breakeven model:
Question 2
George Webb Restaurant collects on the average $5 per customer at its breakfast & lunch diner. Its variable cost
Assignment 3 Capstone Research ProjectDue Week 10 and worth 440.docxrock73
Assignment 3: Capstone Research Project
Due Week 10 and worth 440 points
Assume you are the partner in an accounting firm hired to perform the audit on a fortune 1000 company. Assume also that the initial public offering (IPO) of the company was approximately five (5) years ago and the company is concerned that, in less than five (5) years after the IPO, a restatement may be necessary. During your initial evaluation of the client, you discover the following information:
· The client is currently undergoing a three (3) year income tax examination by the Internal Revenue Service (IRS). A significant issue involved in the IRS audit encompasses inventory write-downs on the tax returns that are not included in the financial statements. Because of the concealment of the transaction, the IRS is labeling the treatment of the write-down as fraud.
· The company has a share-based compensation plan for top-level executives consisting of stock options. The value of the options exercised during the year was not expensed or disclosed in the financial statements.
· The company has several operating and capital leases in place, and the CFO is considering leasing a substantial portion of the assets for future use. The current leases in place are arranged using special purpose entities (SPEs) and operating leases.
· The company seeks to acquire a global partner, which will require IFRS reporting.
· The company received correspondence from the Securities and Exchange Commission (SEC) requesting additional supplemental information regarding the financial statements submitted with the IPO.
Write an eight to ten (8-10) page paper in which you:
1. Evaluate any damaging financial and ethical repercussions of failure to include the inventory write-downs in the financial statements. Prepare a recommendation to the CFO, evaluating the negative impact of a civil fraud penalty on the corporation as a result of the IRS audit. In the recommendation, include essential internal control procedures to prevent fraudulent financial reporting from occurring, as well as the major obligation of the CEO and CFO to ensure compliance.
2. Examine the negative results on stakeholders and the financial statements of an IRS audit which generates additional tax and penalties or subsequent audits. Assume that the subsequent audit and / or additional tax and penalties result from the taxpayer’s use of an inventory reserve account, applying a 10 percent reduction to inventory over three (3) years.
3. Discuss the applicable federal tax laws, regulations, rulings, and court cases related to the inventory write-downs, and explain the specific relevance of each to the write-down.
4. Research the current generally accepted accounting principles (GAAP) regarding stock option accounting. Evaluate the current treatment of the company’s share-based compensation plan based on GAAP reporting. Contrast the financial benefits and risks of the share-based compensation stock option plan with the financia ...
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ACC 568 Final Exam Guide Part 1
Question 1
Which of the following is not an assumption of the linear breakeven model:
Question 2
George Webb Restaurant collects on the average $5 per customer at its breakfast & lunch diner. Its variable cost per customer averages $3, and its annual fixed cost is $40,000. If George Webb wants to make a profit of $20,000 per year at the diner, it will have to serve_________
For more classes visit
www.snaptutorial.com
ACC 568 Final Exam Guide Part 1
Question 1
Which of the following is not an assumption of the linear breakeven model:
Question 2
TAX 700 Final Project I Milestone Two Guidelines and Rubric .docxmattinsonjanel
TAX 700 Final Project I Milestone Two Guidelines and Rubric
Appealing the Adjustment
Overview: For the first milestone of your Final Project I NOPA Response Plan, you provided your client with a brief explanation of their current situation, using
details from the scenario and the final project NOPA document. For Milestone Two, due in Module Four, you will complete the research necessary to make an
informed recommendation on whether to appeal the IRS adjustment, and you will complete this critical component of your NOPA Response Plan. Several factors
will influence your recommendation, including whether the relevant laws and regulations support the decision to appeal, and the materiality of the case to the
client. Be sure to thoroughly address all relevant information when formulating your recommendation, including tax regulations and information from the NOPA
and scenario, as you will need to provide a detailed explanation of how the relevant factors lead to your recommendation.
Scenario: Imagine that you are a CPA working for an accounting firm. Your client is a Fortune 500 public company that has revenues exceeding $10 billion. It is a
fast-growing company that has engaged your firm to handle all tax compliance and consulting. The client has recently received notification from the IRS, and
they have determined that they will be under audit for the prior tax year. The client contacts you to help them through this process. While meeting with the IRS
to understand what they need for their audit, you provided the IRS with your client’s trial balances, recent tax return work papers, and the tax returns
themselves.
After further review of those documents, the IRS provided your client with a Notice of Proposed Adjustment (NOPA) related to per diem expenses that the client
has been providing to their employees when they travel for business. The per diems were for the combined lodging and meal expenses. The IRS is
recommending that these per diems are nondeductible at a rate of 50 percent. The adjustment they have proposed is $5 million. While discussing the issue with
your client, you learn that they have accounted for per diem expenses the same way for the past several years in their tax returns. You estimate that the fees
associated with your services will be $250,000. This fee includes defending your client before the IRS, drafting a response plan, preparing a NOPA response, and
defending your client through an appeal.
Prompt: In this section, you will explain to your client why appealing the IRS’s proposed adjustment is an appropriate course of action by discussing all the
relevant factors that your client should consider.
Tax Rules and Regulations: Determine the taxation laws, revenue rulings, and/or revenue procedures that apply in this scenario, and explain how they
impact your client’s current situation.
Appeal Support: Explain which of the tax rules and/or regulations discussed above may work in yo ...
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ACC 568 Final Exam Guide Part 1
Question 1
Which of the following is not an assumption of the linear breakeven model:
Question 2
CASE DESCRIPTIONThe primary subject matter of this case concer.docxwendolynhalbert
CASE DESCRIPTION
The primary subject matter of this case concerns recognizing and correcting earnings management and fraud. Secondary issues include helping students to develop professional judgment and to become aware of typical reporting problems experienced by growing companies. The case has a difficulty level of three and is appropriate for junior-level students in intermediate financial accounting courses. It could also be used at level four in a senior-level auditing class. The case is designed to be taught in 2.5 class hours and is expected to require 4 hours of outside preparation by students. Alternatively, the case can be assigned as a project that requires minimal classroom time.
CASE SYNOPSIS
Earnings management has received a great deal of publicity by the press and increased scrutiny by the SEC. However, many students do not understand how earnings management and frauds are perpetrated, the extent to which "gray" areas exist in accounting practice, and the role that professional judgment plays in determining the correct course of action. This instructional case is designed to help students learn to recognize earnings management and fraud, to develop professional judgment, and to become aware of typical reporting problems experienced by growing companies. Students are required to identify problem situations and differentiate between unintentional errors and omissions, aggressive accounting practices and fraud. They must also propose adjusting journal entries and determine the effect on income. The case is based on a fictional fast-growing high tech company, Virtually There Technologies, which manufactures and markets virtual reality game systems. In the wake of the abrupt departures of the CFO and controller, students assume the role of the new controller. Their job is to get the financial records in order before the annual audit of the company financial statements begins.
VIRTUALLY THERE TECHNOLOGIES: BACKGROUND INFORMATION
You have been hired as the controller for Virtually There Technologies (VTT), a small high tech company that has demonstrated steady growth since it introduced its first products in the mid-1990s. Your job is to get the financial records in order before the annual audit of the company financial statements. You are assuming the role of controller at an important and exciting time for the company. The previous CFO and controller resigned during the last month of the fiscal year citing "personal reasons" for their abrupt departures. There have also been quite a few contentious issues with the audit firm in recent years. To help manage the audit situation, the Interim CFO has asked that his office clear all information requested by the auditors before it is passed along to the auditors.
Virtually There Technologies develops, manufactures and markets virtual reality game systems. Its product line occupies a high-end niche by utilizing high definition video output technology and total sensory involvement. In ...
ACC 568 MART Education Counseling / acc568mart.comkopiko71
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ACC 568 Final Exam Guide Part 1
Question 1
Which of the following is not an assumption of the linear breakeven model:
For more course tutorials visit
www.tutorialrank.com
ACC 568 Final Exam Guide Part 1
Question 1
Which of the following is not an assumption of the linear breakeven model:
Question 2
George Webb Restaurant collects on the average $5 per customer at its breakfast & lunch diner. Its variable cost
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1. ACC 418 Module 1 Assignment 3 Calculating
Tax Cost
For more classes visit
www.snaptutorial.com
ACC418 Module 1 Assignment 3 Calculating Tax Cost
Microtech Software Corporation (MSC) was founded in 2001. The
founder, Chan Li, studied at MIT and worked for a large software
corporation before returning to his hometown, Centervale, to set up
his own company.
The corporate tax rate structure applicable in Centervale is as follows:
Taxable Income
Tax Rate
Up to $50,000 15 percent
From $50,001 through $150,000 22 percent
Income in excess of $150,000 30 percent
MSC has an opportunity to invest in a project that is expected to
generate an additional $55,000 of taxable income.
Compute the tax cost of this additional income for the following three
scenarios:
MSC's taxable income before the additional income is $45,000.
MSC's taxable income before the additional income is $300,000.
MSC has a loss of $5,000 before considering the additional income.
Show all the steps of the calculation and the final answer for each
scenario. Compare the results for the three scenarios and comment on
any differences.
2. Write a one- to two-page paper in MS Word format. Apply APA
standards for writing style to your work.
*********************************
ACC 418 Module 2 Assignment 2 Taxation
Research and Communication
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ACC 418 Module 2 Assignment 2 Taxation Research and
Communication
The current tax law system in the United States has emerged over
many years from statutory, administrative, and judicial sources. These
sources are continually changing and new laws are introduced at least
annually.
Suppose a client has come to you with a question about corporate
taxation. Discuss your plan of action and communication with the
client. Remember, the client does not have any technical background,
and you need to communicate in terms he or she will understand.
Keeping this in mind, respond to the following:
What would be your plan of action?
What tax sources would you use to research the problem?
How would you communicate your findings to the client?
Write a three- to five-page paper in MS Word format. Apply APA
standards for writing style to your work.
3. *********************************
ACC 418 Module 3 Assignment 2 LASA 1 Tax
Seminar
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ACC 418 Module 3 Assignment 2 LASA 1 Tax Seminar
You are the instructor of a one-day tax seminar to inform international
students studying business in the United States about the current tax
system.
You are preparing a background report to help you prepare for the
seminar. The report will include information about programs
supported by tax revenue, the type of tax structure in the United
States, primary and secondary sources for tax research, and a detailed
example of the cash basis for tax purposes.
You are preparing the example to explain the cash basis to your
students but need to detail the information in the report to be able
explain it in the presentation.
In a six- to eight-page paper, prepare a report that addresses each of
the following:
Describe at least three government programs supported by revenue
from specific taxes (include specific examples).
For each program, specify the related tax, the entities or activities on
which it is levied, and the tax rate.
4. Where possible, give quantitative information such as the proportion
of tax revenue used for the program and the proportion of program
expenses supported by the tax revenue.
Explain how the underlying principles of taxation relate to the
programs supported by the taxes.
What type of tax rate structure does the U.S. tax system apply
(include advantages and disadvantages of the current structure)?
Discuss the primary and secondary authoritative sources, provide a
description of each, and detail the differences between them.
Based on the scenario below respond to the questions on using the
cash basis.
XYZ Manufacturing, Inc., located in Centervale, uses the calendar
year and the cash method of accounting.
On December 31, 2010, XYZ made the following cash payments:
$100,000 for a two-year office lease beginning on February 1, 2011
$58,000 of inventory items held for sale to customers
$21,800 to purchase new manufacturing equipment, which was
delivered and set up on January 15, 2011
$10,000 compensation to the company's auditors who spent three
weeks in January 2011 analyzing XYZ's internal control system, as a
part of the annual audit
$30,500 property tax paid to the local government for the first six
months of 2011
Respond to the following:
To what extent can XYZ deduct these payments in 2010? Explain
your answer citing relevant rules and laws.
5. What advantages does the cash method of accounting offer to the
company? Give reasons for your answer.
Would any other method offer an advantage? Give reasons for your
answer.
Give detailed reasons for your responses and format your paper in
APA. You should have at least six outside sources in addition to your
textbook
*********************************
ACC 418 Module 4 Assignment 2 Constructive
Dividends
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ACC 418 Module 4 Assignment 2 Constructive Dividends
Suppose you are a CPA hired to represent a client that is currently
under examination by the IRS. The client is the president and 95%
shareholder of a building supply sales and warehousing business. He
also owns 50% of the stock of a construction company. The client’s
son owns the remaining 50% of the stock of the construction
company. The client has received a Notice of Proposed Adjustments
(NPA) on three (3) significant issues related to the building supply
business for the years under examination. The issues identified in the
NPA are unreasonable compensation, stock redemptions, and a rental
loss. Additional facts regarding the issues are reflected below:
Unreasonable compensation: The taxpayer receives a salary of $10
million composed of a $5 million base salary plus 5% of gross
6. receipts not to exceed $5 million. The total gross receipts of the
building supply business are $300 million. The NPA by the IRS
disallows the salary based on 5% of gross receipts as a constructive
dividend.
Stock redemptions: During the audit period, the construction company
redeemed 50% of the outstanding stock owned by the client and 50%
of the stock owned by the client’s son, leaving each with the same
ownership percentage of 50%. The IRS treated the redemption as a
distribution under Section 301 of the IRC.
Rental loss: The rental loss results from a building leased to the
construction company owned by the client and his son.
Use the Internet and Strayer databases to research the rules and
income tax laws regarding unreasonable compensation, stock
redemptions treated as dividends and related party losses. Be sure to
use the six (6) step tax research process in Chapter 1 and
demonstrated in Appendix A of your textbook as a guide for your
written response.
Write a three to four (3-4) page paper in which you:
Based on your research and the facts stated in the scenario, prepare a
recommendation for the client in which you advise either acceptance
of the proposed adjustments or further appeal of the issue based on
the potential for prevailing on appeal.
Create a tax plan for the future redemption of the client’s stock owned
in the construction company that will not be taxed according to
Section 301 of the IRC.
Propose a strategy for the client to receive similar amounts in
compensation in the future and avoid the taxation as a constructive
dividend.
Use the six (6) step tax research process, located in Chapter 1 and
demonstrated in Appendix A of the textbook, to record your research
for communications to the client.
7. Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12),
with one-inch margins on all sides; citations and references must
follow APA or school-specific format. Check with your professor for
any additional instructions.
Include a cover page containing the title of the assignment, the
student’s name, the professor’s name, the course title, and the date.
The cover page and the reference page are not included in the required
assignment page length.
The specific course learning outcomes associated with this
assignment are:
Analyze tax issues regarding corporate formations, capital structures,
income tax, non-liquidating distributions, or other corporate levies.
Prepare client, internal, and administrative documents that
appropriately convey the results of tax research and planning.
Create an approach to tax research that results in credible and current
resources.
Use technology and information resources to research issues in
organizational tax research and planning.
Write clearly and concisely about organizational tax research and
planning using proper writing mechanics.
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ACC 418 Module 5 Assignment 1 LASA 2
Transfer Pricing
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8. ACC 418 Module 5 Assignment 1 LASA 2 Transfer Pricing
Transfer pricing is the pricing of assets, funds, services, etc.,
transferred among related organizations.
Using your textbook, the Argosy University online library resources,
and the Internet, conduct research to discuss the transfer pricing
regulations and select a recent case of transfer pricing.
Research the transfer pricing regulations, read the case, and write a
six- to eight-page paper that includes the following:
Discuss the U.S transfer pricing regulations, including advance
pricing agreements, arm's length standard, and methods allowed to
determine comparable prices.
Write a summary of your selected case.
Examine the tax, legal, and ethical issues in the case, and comment on
the manner in which the case was handled by the organization and by
the regulatory authority.
Propose your own solutions to the issues you identify in the case.
Give detailed reasons for your responses and format your paper in
APA. You should have at least six outside sources in addition to your
textbook.
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