ACC 455

 WEEK 1-5 INDIVIDUAL AND TEAM ASSIGNMENTS AND PROBLEM SETS AND DQS



ACC 455 Week 1 Individual Tax Return Position

ACC 455 Week 2 Individual Problem Set

ACC 455 Week 2 Learning Team Discussion Question

ACC 455 Week 3 Knoxville Musical Sales Inc. Tax Return Preparation

ACC 455 Week 3 Learning Team Problem Set

ACC 455 Week 4 Individual Problem Set

ACC 455 Week 5 Learning Team Problem Set



ACC 455 WEEK 1 -5 DISCUSSION QUESTIONS

Week 1 DQS



ACC 455 Week 1 DQ 1(What business entities are available for a new business )

ACC 455 Week 1 DQ 2( tax status for business)

ACC 455 Week 1 DQ 3(Court regular decisions And Tax Court memo decisions)



WEEK 2 DQS



ACC 455 Week 2 DQ 1(What are the alternative tax years available to a corporation)

ACC 455 Week 2 DQ 2(What is the legislative intent behind the corporate alternative minimum tax (AMT) )

ACC 455 Week 2 DQs(What are the alternative tax years available to a corporation)



WEEK 3 DQS



ACC 455 Week 3 DQ 1(What are the alternative tax years available to a corporation)

ACC 455 Week 3 DQ 2(fair market value)

ACC 455 Week 3 DQ 3(What is a stock redemption What are some reasons for redeeming stock )

ACC 455 Week 3 DQs(How does a corporation compute earnings and profits (E&P) )



WEEK 4 DQS



ACC 455 Week 4 DQ 1



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?



ACC 455 Week 4 DQ 2(What are separately stated items on a K-1 )



WEEK 5 DQS



ACC 455 Week 5 DQ 1(What is an inadvertent termination of an S election )



ACC 455 Week 5 DQ 2



Post a 200-300-word response to the following discussion question by clicking on Reply.


A C corporation has incurred substantial losses and the owners have decided to close the business. What considerations should the owners make in this termination? Should they consider making an S election and then later, terminating the S corporation? If you were their tax advisor, what

would you recommend?