ACC455 UOP Course Corporate Taxation Complete Week 1rename
rachellkish's version from 2015-06-14 11:36
SectionACC455 UOP Course Corporate Taxation Complete Week 1ACC455 UOP Course Corporate Taxation Complete Week 1
Individual Tax Return Position Paper
Suppose you have a concern about taking a particular position on a tax return.
Write a 700- to 1,050-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?
• What is the role of the courts and the Internal Revenue Service in interpreting and applying the sources of tax law?
Format your paper consistent with APA guidelines.
DQ 1 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.
DQ 2 Once a business has elected its tax status using check-the-box regulations, what options are available if it needs to change its tax status? What should a business consider before electing to change its tax status?
DQ 3 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?