ACCT 429 Week 4 Discussion

 ACCT 429 Week 4 Discussion | Devry University

The following threaded discussion must be answered within the context of the 2018 Tax Cuts and Job Act.

For most of us, work is work. We put in the same amount of effort whether we work as employees for a company or we are self-employed. (That point is arguable, of course, but just agree with me for the sake of argument). While the work itself may be created equal, however, the tax consequences arising from them are not. Self-employed individuals may be entitled to a greater range of deductions, but they also might very well be responsible for paying additional taxes. Furthermore, we know that employees can receive a lot of valuable perks from their employers, and that these perks present specific tax consequences as well. In light of this news, it makes sense to start with the fundamental question: How do we tell whether someone is an employee or whether he or she is self-employed for purposes of the Code?

I have re-posted this opening thread below. Please use the reply link of my post below if you want to comment on this opening discussion topic. NOT the reply link immediately following this announcement. This will keep all of our replies together by topic.

I will post additional topics as the week progresses.

Topics will close throughout the week. Once the topic is closed do not post to the topic for points. Select another discussion topic still open.