TAX 660 (X5585)

Establishing the Business A. Explain the general tax advantages and disadvantages of each form of business. Include a discussion of how each business form addresses owner concerns related to personal liability, return on investment, and tax costs related to compensation. [TAX-660-01] B. Justify your choice of form of business entity for this venture based on stakeholder requirements for maximizing tax outcomes of business owners. Determine tax implications for your investors related to vario...

Restructuring the Business A. Determine tax consequences of the different distribution/contribution options in a business restructuring: 1. Identify relevant tax law for restructuring the business. [TAX-660-03] 2. Calculate the tax costs of a restructuring plan. [TAX-660-03] 3. Calculate the tax benefits of a restructuring plan. [TAX-660-03] B. Compose a memorandum to stakeholders outlining restructuring recommendations, including an executive summary of your recommendation and a detailed ...

Operating the Business A. Determine the appropriate inventory cost flow assumption for a merchandising business. [TAX-660-02] B. Determine the appropriate overall business accounting method (cash, accrual, hybrid). [TAX-660-02] C. Make a recommendation for the appropriate depreciation method and asset lives, including whether or not to make use of the availability of bonus depreciation under §168(k) D. Determine the appropriate fiscal year end for a recommended business entity. [TAX-660-02...

Establishing the Business A. Explain the general tax advantages and disadvantages of each form of business. Include a discussion of how each business form addresses owner concerns related to personal liability, return on investment, and tax costs related to compensation. [TAX-660-01] B. Justify your choice of form of business entity for this venture based on stakeholder requirements for maximizing tax outcomes of business owners. Determine tax implications for your investors related to vario...

This is the first milestone assignment before the project for this class.

This is the second milestone assignment for this class.

These are the milestone assignments required before finishing your final project.