,ACCESS Test Bank for South Western Federal Taxation 2023 Corporations
B B B B B B B B B
Partnerships Estates and Trusts 46th Edition Raabe
B B B B B B B
Instructor’s BGuide: BRaabe/Young/Nellen/Cripe/Lassar/Persellin/Cuccia, BSWFT B2023 BVolume B2: BCorporations,
BPartnerships, B Estates B & B Trusts, B 9780357719961; B Chapter B 1: B Understanding B and
B Working B with B the B Federal B Tax B Law
Instructor’s Guide B
Raabe/Young/Nellen/Cripe/Lassar/Persellin/Cuccia, BSWFT B2023 BVolume B2: BCorporations,
BPartnerships, BEstates B& BTrusts, B9780357719961; BChapter B1: BUnderstanding Band BWorking Bwith
Bthe BFederal BTax BLaw
Table of Contents
B B
Chapter B Objectives ................................................................................................................... 2
Chapter B Outline......................................................................................................................... 2
Discussion B Questions .............................................................................................................. 16
Video B Information ..................................................................................................................... 18
Related BCengage BVideo BContent............................................................................................................. 18
© B2023 BCengage. BAll BRights BReserved. BMay Bnot Bbe Bscanned, Bcopied Bor Bduplicated, Bor Bposted Bto Ba
publicly Bin
website, accessible
Bwhole Bor Bin
part. mynursytest.store
,ACCESS Test Bank for South Western Federal Taxation 2023 Corporations
B B B B B B B B B
Partnerships Estates and Trusts 46th Edition Raabe
B B B B B B B
Instructor’s BGuide: BRaabe/Young/Nellen/Cripe/Lassar/Persellin/Cuccia, BSWFT B2023 BVolume B2: BCorporations,
BPartnerships, B Estates B & B Trusts, B 9780357719961; B Chapter B 1: B Understanding B and
B Working B with B the B Federal B Tax B Law
Chapter Objectives B
The Bfollowing Bobjectives Bare Baddressed Bin Bthis Bchapter:
1.1 Discuss Bthe Bimportance Bof Brevenue Bneeds Bas Ban Bobjective Bof BFederal Btax Blaw.
1.2 Demonstrate Bthe Binfluence Bof Beconomic, Bsocial, Bequity, Band Bpolitical
Bconsiderations Bon Bthe Bdevelopment Bof Bthe Btax Blaw.
1.3 Explain Bhow Bthe BIRS, Bas Bthe Bprotector Bof Bthe Brevenue, Bhas Baffected Btax Blaw.
1.4 Recognize B the B role B of B the B courts B in B interpreting B and B shaping B tax B law.
1.5 Identify Btax Blaw Bsources—statutory, Badministrative, Band Bjudicial.
1.6 List Band Bassess Btax Blaw B sources.
1.7 Demonstrate B the B ability B to B conduct B tax B research.
1.8 Assess Bthe Bvalidity Band Bweight Bof Btax Blaw Bsources.
1.9 Describe Bvarious Btax Bplanning Bprocedures.
1.10 Explain Bthe Brole Bof Btaxation Bon Bthe BCPA Bexamination.
[return Bto Btop]
Chapter Outline B
In Bthe Boutline Bbelow, Beach Belement Bincludes Breferences B(in Bparentheses) Bto Brelated Bcontent.
B“CO BCH.##” Brefers Bto Bthe Bchapter Bobjective; B“PPT BSlide B#” Brefers Bto Bthe Bslide Bnumber Bin Bthe
BPowerPoint Bdeck Bfor Bthis Bchapter B(provided Bin Bthe BPowerPoints Bsection Bof Bthe BInstructor
BResource BCenter); Band, Bas Bapplicable Bfor Beach Bdiscipline, Baccreditation Bor Bcertification
Bstandards B(“BL B1.3.3”).
Introduce Bthe Bchapter Band Buse Bthe BIce BBreaker Bin Bthe BPPT Bif Bdesired, Band Bif Bone Bis Bprovided
Bfor Bthis Bchapter. BReview Blearning Bobjectives Bfor BChapter B1. B(PPT BSlides B2–3).
I. The BWhys Bof Bthe BTax BLaw
i.
While Bthe Bprimary Bobjective Bof BFederal Btax Blaw Bis Braising Brevenue,
Bthis Bis Bnot Bthe Bsole Bobjective Bof Btax Blaws.
1. Important Bin Bexplaining Bvarious Bprovisions Bfound Bin Bthe
Blaw Bare Beconomic, Bsocial, Bequity, Band Bpolitical
Bconsiderations.
2. The BTreasury BDepartment, Bthe BIRS, Band Bthe Bcourts Balso
Bhave Bsignificant Bimpacts Bon Bthe Bevolution Bof BFederal
Btax Blaw.
a. Revenue BNeeds B(1.1, BPPT BSlide B6)
i. Raising B revenue B to B fund B the B cost B of B government B operations
B is B the B key Bfactor Bin Bstructuring Ba Btax Bsystem.
© B2023 BCengage. BAll BRights BReserved. BMay Bnot Bbe Bscanned, Bcopied Bor Bduplicated, Bor Bposted Bto Ba
publicly Bin
website, accessible
Bwhole Bor Bin
part. mynursytest.store
, ii. Over Bthe Bpast Bcentury, Bthe Bnational Bdebt Bhas Bbeen Bincreasing
Bsignificantly, Breaching Bmore Bthan B$28.8 Btrillion, Bor Babout
B$86,000 Bper Bcitizen, Bin BNovember B2021.
© B2023 BCengage. BAll BRights BReserved. BMay Bnot Bbe Bscanned, Bcopied Bor Bduplicated, Bor Bposted Bto Ba
publicly Bin
website, accessible
Bwhole Bor Bin
part. mynursytest.store
B B B B B B B B B
Partnerships Estates and Trusts 46th Edition Raabe
B B B B B B B
Instructor’s BGuide: BRaabe/Young/Nellen/Cripe/Lassar/Persellin/Cuccia, BSWFT B2023 BVolume B2: BCorporations,
BPartnerships, B Estates B & B Trusts, B 9780357719961; B Chapter B 1: B Understanding B and
B Working B with B the B Federal B Tax B Law
Instructor’s Guide B
Raabe/Young/Nellen/Cripe/Lassar/Persellin/Cuccia, BSWFT B2023 BVolume B2: BCorporations,
BPartnerships, BEstates B& BTrusts, B9780357719961; BChapter B1: BUnderstanding Band BWorking Bwith
Bthe BFederal BTax BLaw
Table of Contents
B B
Chapter B Objectives ................................................................................................................... 2
Chapter B Outline......................................................................................................................... 2
Discussion B Questions .............................................................................................................. 16
Video B Information ..................................................................................................................... 18
Related BCengage BVideo BContent............................................................................................................. 18
© B2023 BCengage. BAll BRights BReserved. BMay Bnot Bbe Bscanned, Bcopied Bor Bduplicated, Bor Bposted Bto Ba
publicly Bin
website, accessible
Bwhole Bor Bin
part. mynursytest.store
,ACCESS Test Bank for South Western Federal Taxation 2023 Corporations
B B B B B B B B B
Partnerships Estates and Trusts 46th Edition Raabe
B B B B B B B
Instructor’s BGuide: BRaabe/Young/Nellen/Cripe/Lassar/Persellin/Cuccia, BSWFT B2023 BVolume B2: BCorporations,
BPartnerships, B Estates B & B Trusts, B 9780357719961; B Chapter B 1: B Understanding B and
B Working B with B the B Federal B Tax B Law
Chapter Objectives B
The Bfollowing Bobjectives Bare Baddressed Bin Bthis Bchapter:
1.1 Discuss Bthe Bimportance Bof Brevenue Bneeds Bas Ban Bobjective Bof BFederal Btax Blaw.
1.2 Demonstrate Bthe Binfluence Bof Beconomic, Bsocial, Bequity, Band Bpolitical
Bconsiderations Bon Bthe Bdevelopment Bof Bthe Btax Blaw.
1.3 Explain Bhow Bthe BIRS, Bas Bthe Bprotector Bof Bthe Brevenue, Bhas Baffected Btax Blaw.
1.4 Recognize B the B role B of B the B courts B in B interpreting B and B shaping B tax B law.
1.5 Identify Btax Blaw Bsources—statutory, Badministrative, Band Bjudicial.
1.6 List Band Bassess Btax Blaw B sources.
1.7 Demonstrate B the B ability B to B conduct B tax B research.
1.8 Assess Bthe Bvalidity Band Bweight Bof Btax Blaw Bsources.
1.9 Describe Bvarious Btax Bplanning Bprocedures.
1.10 Explain Bthe Brole Bof Btaxation Bon Bthe BCPA Bexamination.
[return Bto Btop]
Chapter Outline B
In Bthe Boutline Bbelow, Beach Belement Bincludes Breferences B(in Bparentheses) Bto Brelated Bcontent.
B“CO BCH.##” Brefers Bto Bthe Bchapter Bobjective; B“PPT BSlide B#” Brefers Bto Bthe Bslide Bnumber Bin Bthe
BPowerPoint Bdeck Bfor Bthis Bchapter B(provided Bin Bthe BPowerPoints Bsection Bof Bthe BInstructor
BResource BCenter); Band, Bas Bapplicable Bfor Beach Bdiscipline, Baccreditation Bor Bcertification
Bstandards B(“BL B1.3.3”).
Introduce Bthe Bchapter Band Buse Bthe BIce BBreaker Bin Bthe BPPT Bif Bdesired, Band Bif Bone Bis Bprovided
Bfor Bthis Bchapter. BReview Blearning Bobjectives Bfor BChapter B1. B(PPT BSlides B2–3).
I. The BWhys Bof Bthe BTax BLaw
i.
While Bthe Bprimary Bobjective Bof BFederal Btax Blaw Bis Braising Brevenue,
Bthis Bis Bnot Bthe Bsole Bobjective Bof Btax Blaws.
1. Important Bin Bexplaining Bvarious Bprovisions Bfound Bin Bthe
Blaw Bare Beconomic, Bsocial, Bequity, Band Bpolitical
Bconsiderations.
2. The BTreasury BDepartment, Bthe BIRS, Band Bthe Bcourts Balso
Bhave Bsignificant Bimpacts Bon Bthe Bevolution Bof BFederal
Btax Blaw.
a. Revenue BNeeds B(1.1, BPPT BSlide B6)
i. Raising B revenue B to B fund B the B cost B of B government B operations
B is B the B key Bfactor Bin Bstructuring Ba Btax Bsystem.
© B2023 BCengage. BAll BRights BReserved. BMay Bnot Bbe Bscanned, Bcopied Bor Bduplicated, Bor Bposted Bto Ba
publicly Bin
website, accessible
Bwhole Bor Bin
part. mynursytest.store
, ii. Over Bthe Bpast Bcentury, Bthe Bnational Bdebt Bhas Bbeen Bincreasing
Bsignificantly, Breaching Bmore Bthan B$28.8 Btrillion, Bor Babout
B$86,000 Bper Bcitizen, Bin BNovember B2021.
© B2023 BCengage. BAll BRights BReserved. BMay Bnot Bbe Bscanned, Bcopied Bor Bduplicated, Bor Bposted Bto Ba
publicly Bin
website, accessible
Bwhole Bor Bin
part. mynursytest.store
