Taxation

ACCT 429 Week 5 Discussion | Devry UniversityAs you’ve undoubtedly learned by now, you often have to focus on the details in tax law, and the rules surrounding corporate formation are no exception to this rule. We know that a corporation is generally seen as a separate taxable entity from its shareholders. As a result, corporate formations, which involve transfers of property between the shareholders and the corporation, would generally be taxabl

5 Accounting & Economics Assignment Help / Taxation Devry University / ACCT 429 20 Aug 2021

ACCT 429 Week 4 Discussion | Devry UniversityThe 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

6 Accounting & Economics Assignment Help / Taxation Devry University / ACCT 429 20 Aug 2021

ACCT 429 Week 4 Assignment | Devry UniversityWeek 4: Course Projects Peer ReviewEACH TEAM MEMBER SUBMITS AN EVALUATIONPlease complete the Week 4 Peer Review by providing your information on the Peer Review Worksheet. Note that you are to complete the qualitative comments for each of your team members.Do evaluate yourself.Use the following file naming convention for your worksheet:· LastNameFirstInitial4PeerReviewwhere LastName is your last name,

6 Accounting & Economics Assignment Help / Taxation Devry University / ACCT 429 20 Aug 2021

ACCT 429 Week 3 Assignment | Devry UniversityWeek 3: Tax Form Computations (Property Transaction)Property Transactions for Week 3 (100 points) :TAX FORM COMPUTATIONLorenzo is the sole proprietor of a trampoline shop. During 2019, the following transactions occurred.1. Unimproved land adjacent to the store was condemned by the city on February 1. The condemnation proceeds were $15,000. The land, acquired in 1986, had an allocable basis of $40,000.

5 Accounting & Economics Assignment Help / Taxation Devry University / ACCT 429 20 Aug 2021

ACCT 429 Week 3 Discussion | Devry UniversityThe notion of basis is crucially important in determining the tax consequences that result from virtually any property-based transactions, whether it is the sale of $100 of stock, or a $10,000,000,000 merger of two multinational corporations. It's important, then, to answer one key question: What exactly is basis? How is it used in calculating the gain or loss that results from the sale of capital prop

5 Accounting & Economics Assignment Help / Taxation Devry University / ACCT 429 20 Aug 2021

ACCT 429 Week 2 Quiz | Devry UniversityQuestion 1(CO 4) Which of the following is not a trade or business expense?A.Property taxes on business propertyB.Salary paid to employeesC.Penalty paid for a late filing of a sales tax returnD.Insurance on business propertyQuestion 2(COs 4 and 5) Jenson Company, an accrual basis taxpayer, paid salaries of $125,000 in 2017 and had a salary payable of $20,000 at the end of 2017. The salary of $20,000 owed to

5 Accounting & Economics Assignment Help / Taxation Devry University / ACCT 429 20 Aug 2021

ACCT 429 Week 2 Discussion | Devry UniversityThe at-risk rules disallowed losses in excess of the investment. Discuss the at-risk limitations relating to individuals and closely held corporations.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 topi

5 Accounting & Economics Assignment Help / Taxation Devry University / ACCT 429 20 Aug 2021

ACCT 429 Week 1 Discussion |Devry UniversityWeek 1: Does the Tax Code Need Fixing?Here's the perennial question: The 2018 tax law and the Tax Cut and Job Act made some sweeping changes. Did the Act go far enough? Should the current federal income tax system be reformed further? In answering this question, consider and discuss a number of factors, such as (1) whether the current system is fair to all taxpayers; (2) whether the system is too comple

5 Accounting & Economics Assignment Help / Taxation Devry University / ACCT 429 20 Aug 2021

Tax 003 Week 1 Quiz 2 | Georgia State University1.Which of the following is not characteristic of a tax?Multiple Choice•A tax is compulsory.•A tax is intended to punish unacceptable behavior.•A tax is levied by a government.•All of these choices are characteristics of a tax.2The state of Virginia charges motorists 50 cents for every trip across a toll bridge over the James River. This charge is an example of a(n):Multiple Choice•User's fee•Transa

8 Accounting & Economics Assignment Help / Taxation Georgia State University / Tax 003 29 Jun 2021

Tax 003 Week 1 Quiz 1 |Georgia State University1.Which of the following is not characteristic of a tax?Multiple ChoiceoA tax is compulsory.oA tax is intended to punish unacceptable behavior.oA tax is levied by a government.oAll of these choices are characteristics of a tax.2The state of Virginia charges motorists 50 cents for every trip across a toll bridge over the James River. This charge is an example of a(n):Multiple ChoiceoUser's feeoTransac

8 Accounting & Economics Assignment Help / Taxation Georgia State University / Tax 003 29 Jun 2021