ACC 455

  • ACC 455 Week 1 DQs

    ACC 455 Week 1 DQs

    What business entities are available for a new business? What are the tax and nontax advantages of each form? Select two business types and provide an example of when that selection is most appropriate from a tax perspective and from a nontax perspective...

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  • ACC 455 Week 2 DQs

    What is the legislative intent behind the corporate alternative minimum tax (AMT)? Define tax preference items, AMT adjustment, and minimum tax credit. What are the alternative tax years available to a corporation? What factors should be considered in...

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  • ACC 455 Week 3 DQs

    ACC 455 Week 3 DQs

    How does a corporation compute earnings and profits (E&P)? What income is deferred to a later year when computing taxable income but is included in E&P in the current year? What deductions are allowed for taxable income purposes but denied for...

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  • ACC 455 Week 4 DQs

    ACC 455 Week 4 DQs

    Bob and Dave plan to start a business. Bob will contribute land and Dave will contribute services. Would you recommend this business be formed as a partnership or as an S corporation? Why? What are separately stated items on a K-1? Why is it necessary...

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  • ACC 455 Week 5 DQs

    ACC 455 Week 5 DQs

    ACC 455 Week 5 DQs What is an inadvertent termination of an S election? How does an S corporation and its shareholders rectify an inadvertent termination? What could happen if a company fails to rectify the termination? A C corporation has incurred...

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