,ACCESS Test Bank for South Western Federal Taxation 2023 Corporations
Q Q Q Q Q Q Q Q Q
Partnerships Estates and Trusts 46th Edition Raabe
Q Q Q Q Q Q Q
Instructor’s QGuide: QRaabe/Young/Nellen/Cripe/Lassar/Persellin/Cuccia, QSWFT Q2023 QVolume Q2: QCorporations,
QPartnerships, Q Estates Q & Q Trusts, Q 9780357719961; Q Chapter Q 1: Q Understanding Q and Q Working
Q with Q the Q Federal Q Tax Q Law
Instructor’s Guide Q
Raabe/Young/Nellen/Cripe/Lassar/Persellin/Cuccia, QSWFT Q2023 QVolume Q2: QCorporations,
QPartnerships, QEstates Q& QTrusts, Q9780357719961; QChapter Q1: QUnderstanding Qand QWorking Qwith
Qthe QFederal QTax QLaw
Table of Contents
Q Q
Chapter Q Objectives .................................................................................................................... 2
Chapter Q Outline ......................................................................................................................... 2
Discussion Q Questions ............................................................................................................... 16
Video Q Information ..................................................................................................................... 18
Related QCengage QVideo QContent ............................................................................................................. 18
© Q2023 QCengage. QAll QRights QReserved. QMay Qnot Qbe Qscanned, Qcopied Qor Qduplicated, Qor Qposted Qto Qa 1
publicly QQin
website,
Q accessible
Qwhole Qor Qin
Qpart. mynursytest.store
,ACCESS Test Bank for South Western Federal Taxation 2023 Corporations
Q Q Q Q Q Q Q Q Q
Partnerships Estates and Trusts 46th Edition Raabe
Q Q Q Q Q Q Q
Instructor’s QGuide: QRaabe/Young/Nellen/Cripe/Lassar/Persellin/Cuccia, QSWFT Q2023 QVolume Q2: QCorporations,
QPartnerships, Q Estates Q & Q Trusts, Q 9780357719961; Q Chapter Q 1: Q Understanding Q and Q Working
Q with Q the Q Federal Q Tax Q Law
Chapter Objectives Q
The Qfollowing Qobjectives Qare Qaddressed Qin Qthis Qchapter:
1.1 Discuss Qthe Qimportance Qof Qrevenue Qneeds Qas Qan Qobjective Qof QFederal Qtax Qlaw.
1.2 Demonstrate Qthe Qinfluence Qof Qeconomic, Qsocial, Qequity, Qand Qpolitical
Qconsiderations Qon Qthe Qdevelopment Qof Qthe Qtax Qlaw.
1.3 Explain Qhow Qthe QIRS, Qas Qthe Qprotector Qof Qthe Qrevenue, Qhas Qaffected Qtax Qlaw.
1.4 Recognize Q the Q role Q of Q the Q courts Q in Q interpreting Q and Q shaping Q tax Q law.
1.5 Identify Qtax Qlaw Qsources—statutory, Qadministrative, Qand Qjudicial.
1.6 List Qand Qassess Qtax Qlaw Q sources.
1.7 Demonstrate Q the Q ability Q to Q conduct Q tax Q research.
1.8 Assess Qthe Qvalidity Qand Qweight Qof Qtax Qlaw Qsources.
1.9 Describe Qvarious Qtax Qplanning Qprocedures.
1.10 Explain Qthe Qrole Qof Qtaxation Qon Qthe QCPA Qexamination.
[return Qto Qtop]
Chapter Outline Q
In Qthe Qoutline Qbelow, Qeach Qelement Qincludes Qreferences Q(in Qparentheses) Qto Qrelated Qcontent.
Q“CO QCH.##” Qrefers Qto Qthe Qchapter Qobjective; Q“PPT QSlide Q#” Qrefers Qto Qthe Qslide Qnumber Qin Qthe
QPowerPoint Qdeck Qfor Qthis Qchapter Q(provided Qin Qthe QPowerPoints Qsection Qof Qthe QInstructor
QResource QCenter); Qand, Qas Qapplicable Qfor Qeach Qdiscipline, Qaccreditation Qor Qcertification
Qstandards Q(“BL Q1.3.3”).
Introduce Qthe Qchapter Qand Quse Qthe QIce QBreaker Qin Qthe QPPT Qif Qdesired, Qand Qif Qone Qis Qprovided Qfor
Qthis Qchapter. QReview Qlearning Qobjectives Qfor QChapter Q1. Q(PPT QSlides Q2–3).
I. The QWhys Qof Qthe QTax QLaw
i.
While Qthe Qprimary Qobjective Qof QFederal Qtax Qlaw Qis Qraising Qrevenue,
Qthis Qis Qnot Qthe Qsole Qobjective Qof Qtax Qlaws.
1. Important Qin Qexplaining Qvarious Qprovisions Qfound Qin Qthe Qlaw
Qare Qeconomic, Qsocial, Qequity, Qand Qpolitical Qconsiderations.
2. The QTreasury QDepartment, Qthe QIRS, Qand Qthe Qcourts Qalso
Qhave Qsignificant Qimpacts Qon Qthe Qevolution Qof QFederal Qtax
Qlaw.
a. Revenue QNeeds Q(1.1, QPPT QSlide Q6)
i. Raising Q revenue Q to Q fund Q the Q cost Q of Q government Q operations Q is
Q the Q key Qfactor Qin Qstructuring Qa Qtax Qsystem.
ii. Over Qthe Qpast Qcentury, Qthe Qnational Qdebt Qhas Qbeen Qincreasing
© Q2023 QCengage. QAll QRights QReserved. QMay Qnot Qbe Qscanned, Qcopied Qor Qduplicated, Qor Qposted Qto Qa 2
publicly QQin
website,
Q accessible
Qwhole Qor Qin
Qpart. mynursytest.store
, Qsignificantly, Qreaching Qmore Qthan Q$28.8 Qtrillion, Qor Qabout
Q$86,000 Qper Qcitizen, Qin QNovember Q2021.
© Q2023 QCengage. QAll QRights QReserved. QMay Qnot Qbe Qscanned, Qcopied Qor Qduplicated, Qor Qposted Qto Qa 3
publicly QQin
website,
Q accessible
Qwhole Qor Qin
Qpart. mynursytest.store
Q Q Q Q Q Q Q Q Q
Partnerships Estates and Trusts 46th Edition Raabe
Q Q Q Q Q Q Q
Instructor’s QGuide: QRaabe/Young/Nellen/Cripe/Lassar/Persellin/Cuccia, QSWFT Q2023 QVolume Q2: QCorporations,
QPartnerships, Q Estates Q & Q Trusts, Q 9780357719961; Q Chapter Q 1: Q Understanding Q and Q Working
Q with Q the Q Federal Q Tax Q Law
Instructor’s Guide Q
Raabe/Young/Nellen/Cripe/Lassar/Persellin/Cuccia, QSWFT Q2023 QVolume Q2: QCorporations,
QPartnerships, QEstates Q& QTrusts, Q9780357719961; QChapter Q1: QUnderstanding Qand QWorking Qwith
Qthe QFederal QTax QLaw
Table of Contents
Q Q
Chapter Q Objectives .................................................................................................................... 2
Chapter Q Outline ......................................................................................................................... 2
Discussion Q Questions ............................................................................................................... 16
Video Q Information ..................................................................................................................... 18
Related QCengage QVideo QContent ............................................................................................................. 18
© Q2023 QCengage. QAll QRights QReserved. QMay Qnot Qbe Qscanned, Qcopied Qor Qduplicated, Qor Qposted Qto Qa 1
publicly QQin
website,
Q accessible
Qwhole Qor Qin
Qpart. mynursytest.store
,ACCESS Test Bank for South Western Federal Taxation 2023 Corporations
Q Q Q Q Q Q Q Q Q
Partnerships Estates and Trusts 46th Edition Raabe
Q Q Q Q Q Q Q
Instructor’s QGuide: QRaabe/Young/Nellen/Cripe/Lassar/Persellin/Cuccia, QSWFT Q2023 QVolume Q2: QCorporations,
QPartnerships, Q Estates Q & Q Trusts, Q 9780357719961; Q Chapter Q 1: Q Understanding Q and Q Working
Q with Q the Q Federal Q Tax Q Law
Chapter Objectives Q
The Qfollowing Qobjectives Qare Qaddressed Qin Qthis Qchapter:
1.1 Discuss Qthe Qimportance Qof Qrevenue Qneeds Qas Qan Qobjective Qof QFederal Qtax Qlaw.
1.2 Demonstrate Qthe Qinfluence Qof Qeconomic, Qsocial, Qequity, Qand Qpolitical
Qconsiderations Qon Qthe Qdevelopment Qof Qthe Qtax Qlaw.
1.3 Explain Qhow Qthe QIRS, Qas Qthe Qprotector Qof Qthe Qrevenue, Qhas Qaffected Qtax Qlaw.
1.4 Recognize Q the Q role Q of Q the Q courts Q in Q interpreting Q and Q shaping Q tax Q law.
1.5 Identify Qtax Qlaw Qsources—statutory, Qadministrative, Qand Qjudicial.
1.6 List Qand Qassess Qtax Qlaw Q sources.
1.7 Demonstrate Q the Q ability Q to Q conduct Q tax Q research.
1.8 Assess Qthe Qvalidity Qand Qweight Qof Qtax Qlaw Qsources.
1.9 Describe Qvarious Qtax Qplanning Qprocedures.
1.10 Explain Qthe Qrole Qof Qtaxation Qon Qthe QCPA Qexamination.
[return Qto Qtop]
Chapter Outline Q
In Qthe Qoutline Qbelow, Qeach Qelement Qincludes Qreferences Q(in Qparentheses) Qto Qrelated Qcontent.
Q“CO QCH.##” Qrefers Qto Qthe Qchapter Qobjective; Q“PPT QSlide Q#” Qrefers Qto Qthe Qslide Qnumber Qin Qthe
QPowerPoint Qdeck Qfor Qthis Qchapter Q(provided Qin Qthe QPowerPoints Qsection Qof Qthe QInstructor
QResource QCenter); Qand, Qas Qapplicable Qfor Qeach Qdiscipline, Qaccreditation Qor Qcertification
Qstandards Q(“BL Q1.3.3”).
Introduce Qthe Qchapter Qand Quse Qthe QIce QBreaker Qin Qthe QPPT Qif Qdesired, Qand Qif Qone Qis Qprovided Qfor
Qthis Qchapter. QReview Qlearning Qobjectives Qfor QChapter Q1. Q(PPT QSlides Q2–3).
I. The QWhys Qof Qthe QTax QLaw
i.
While Qthe Qprimary Qobjective Qof QFederal Qtax Qlaw Qis Qraising Qrevenue,
Qthis Qis Qnot Qthe Qsole Qobjective Qof Qtax Qlaws.
1. Important Qin Qexplaining Qvarious Qprovisions Qfound Qin Qthe Qlaw
Qare Qeconomic, Qsocial, Qequity, Qand Qpolitical Qconsiderations.
2. The QTreasury QDepartment, Qthe QIRS, Qand Qthe Qcourts Qalso
Qhave Qsignificant Qimpacts Qon Qthe Qevolution Qof QFederal Qtax
Qlaw.
a. Revenue QNeeds Q(1.1, QPPT QSlide Q6)
i. Raising Q revenue Q to Q fund Q the Q cost Q of Q government Q operations Q is
Q the Q key Qfactor Qin Qstructuring Qa Qtax Qsystem.
ii. Over Qthe Qpast Qcentury, Qthe Qnational Qdebt Qhas Qbeen Qincreasing
© Q2023 QCengage. QAll QRights QReserved. QMay Qnot Qbe Qscanned, Qcopied Qor Qduplicated, Qor Qposted Qto Qa 2
publicly QQin
website,
Q accessible
Qwhole Qor Qin
Qpart. mynursytest.store
, Qsignificantly, Qreaching Qmore Qthan Q$28.8 Qtrillion, Qor Qabout
Q$86,000 Qper Qcitizen, Qin QNovember Q2021.
© Q2023 QCengage. QAll QRights QReserved. QMay Qnot Qbe Qscanned, Qcopied Qor Qduplicated, Qor Qposted Qto Qa 3
publicly QQin
website,
Q accessible
Qwhole Qor Qin
Qpart. mynursytest.store
