Download
1 / 8
80 likes | 130 Vues
ACC 565 Final Exam Guide<br>Question 1Barbara sells a house with an FMV of $170,000 to her daughter for $120,000. From this transaction, Barbara is deemed to have made a gift (before the annual exclusion) of <br>Question 2If a state has adopted the Revised Uniform Principal and Income Act, which of the following statements is correct? <br>
E N D
ACC 565 ASSIST Career Path Begins/acc565assist.com CJA 234 MART The power of possibility/cja234martdotcom ACC 565 Final Exam Guide FOR MORE CLASSES VISIT www.acc565assist.com ACC 565 Final Exam Guide Question 1Barbara sells a house with an FMV of $170,000 to her daughter for $120,000. From this transaction, Barbara is deemed to have made a gift (before the annual exclusion) of Question 2If a state has adopted the Revised Uniform Principal and Income Act, which of the following statements is correct? Question 3Jackson and Tanker Corporations are members of an affiliated group. The two corporations have been affiliated since they were formed last year. Both corporations have always used a calendar year as their tax year. Tanker, the subsidiary, has a separate return year NOL of $14,000 from last year. Jackson Corporation has a separate return year NOL of $16,000 from last year. Commencing this year, the two corporations filed a consolidated tax return. The NOLs can be carried over
ACC 565 ASSIST Career Path Begins/acc565assist.com CJA 234 MART The power of possibility/cja234martdotcom ACC 565 Midterm Exam Guide FOR MORE CLASSES VISIT www.acc565assist.com ACC 565 Midterm Exam Guide Question 1Identify which of the following statements is false. Question 2 Which of the following transactions does nothave the potential of creating a constructive dividend? Question 3The citation "Reg. Sec. 1.199-2" refers to Question 4Bruce receives 20 stock rights in a nontaxable distribution. The stock rights have an FMV of $5,000. The common stock with respect to which the rights are issued has a basis of $4,000 and an FMV of $120,000. Bruce allows the stock rights to lapse. He can deduct a loss of Question 5Identify which of the following statements is true.
ACC 565 ASSIST Career Path Begins/acc565assist.com CJA 234 MART The power of possibility/cja234martdotcom ACC 565 Week 2 Assignment 1 Client Letter (2 Papers) FOR MORE CLASSES VISIT www.acc565assist.com This Tutorial contains 2 Different Papers ACC 565 Assignment 1 Client Letter Assignment 1: Client Letter Imagine that you are a Certified Public Accountant (CPA) with a new client who needs an opinion on the most advantageous capital structure of a new corporation. Your client formed the corporation in question to provide technology to the medical profession to facilitate compliance with the Health Insurance Portability and Accountability Act (HIPAA). Your client is very excited because of the ability to secure several significant contracts with sufficient capital.
ACC 565 ASSIST Career Path Begins/acc565assist.com CJA 234 MART The power of possibility/cja234martdotcom ACC 565 Week 4 Assignment 2 Constructive Dividends, Redemptions, and Related Party Losses (2 Papers) FOR MORE CLASSES VISIT www.acc565assist.com This Tutorial contains 2 Different Papers This paper of ACC 565 Week 4 Assignment 2 Assignment 2 :Constructive Dividends, Redemptions, and Related Party Loss Suppose you are a CPA hired to represent a client that is currently under examinesation by the IRS. The client is the president and 95% shareholder of a building supply sales and warehousing business. He also owns 50% of the stock of a construction company. The remaining 50% of the stock of the construction company is owned by the client’s son. The client has received a Notice of Proposed Adjustments (NPA) on three (3) significant issues related to the building supply business for the years under examination. The issues identified in the NPA are unreasonable compensation, stock redemptions, and a rental loss. Additional facts regarding the issues
ACC 565 ASSIST Career Path Begins/acc565assist.com CJA 234 MART The power of possibility/cja234martdotcom ACC 565 Week 7 Assignment 3 Reorganizations and Consolidated Tax contains (2 Papers) FOR MORE CLASSES VISIT www.acc565assist.com ACC 565 Week 7 Assignment 3 Reorganizations and Consolidated Tax containsDue Week 7 and worth 250 pointsSuppose you are a CPA, and you have a corporate client that has been operating for several years. The company is considering expansion through reorganizations. The company currently has two (2) subsidiaries acquired through Type B reorganizations. The client has asked you for tax advice on the benefit of a Type A, C, or D reorganization over a Type B reorganization. Additional facts regarding the
ACC 565 ASSIST Career Path Begins/acc565assist.com CJA 234 MART The power of possibility/cja234martdotcom ACC 565 Week 10 Assignment 4 Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax FOR MORE CLASSES VISIT www.acc565assist.com ACC 565 Week 10 Assignment 4 Letter to ClientTAX-PLANNING CLIENT LETTER ON IRREVOCABLE TRUSTS, GIFT TAX, AND ESTATE TAXSuppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his two (2) grandchildren. He wants the income from the trust paid to the children for 20 years and the principal distributed to the children at the end of 20 years.Use the Internet and Strayer databases to research the rules regarding irrevocable trusts, gift tax, and estate tax. Be sure to use the six (6) step tax research process in Chapter 1 and demonstrated in Appendix A of your textbook as a guide for your written response.
