{"id":49037,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/advanced-tax-2"},"modified":"2017-08-16T12:20:20","modified_gmt":"2017-08-16T12:20:20","slug":"advanced-tax-2","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/advanced-tax-2\/","title":{"rendered":"Advanced Tax"},"content":{"rendered":"<p>It is December, and tax season is just around the corner. You expect a large clientele this tax season, and you will be filing tax returns for a variety of business entities. You decide to get your office ready by having a copy of all of the various tax forms on hand along with relevant publications.&nbsp;<\/p>\n<p>In addition, you read a recent article that the Internal Revenue Service (IRS) is implementing new rules for paid preparers. You decide to research the new requirements and prepare a memorandum for future reference.<\/p>\n<p><b>Part 1<\/b><\/p>\n<p><b>Deliverable Length:&nbsp;<\/b>250\u2013300 words<\/p>\n<p>Use this&nbsp;<a href=\"http:\/\/www.irs.gov\/businesses\/small\/article\/0,,id=98359,00.html\" rel=\"nofollow noopener\" target=\"_blank\">Web site<\/a>&nbsp;to determine the form(s) required to file income taxes for the following business entities:<\/p>\n<ul>\n<li>Sole proprietorship&nbsp;<\/li>\n<li>Partnership&nbsp;<\/li>\n<li>Corporation&nbsp;<\/li>\n<li>S Corporation&nbsp;<\/li>\n<\/ul>\n<p>Download the current form and instructions (you will refer to these in later assignments).<\/p>\n<p>Use the instructions for each form to prepare a tax guide that you will use during tax season. The tax guide should have the following information for each business entity:<\/p>\n<ul>\n<li>Tax form or schedule used to report the profit or loss from a business&nbsp;<\/li>\n<li>When the tax form must be filed&nbsp;<\/li>\n<li>Where the tax form must be filed based on the state&nbsp;<\/li>\n<li>An IRS publication that will provide supplemental federal income tax information about the business entity&nbsp;<\/li>\n<\/ul>\n<p><b>Part 2<\/b><\/p>\n<p><b>Deliverable Length:&nbsp;<\/b>250\u2013300 words<\/p>\n<p>Use the following Web site to prepare a memo for your file regarding the new regulations for paid preparers for future reference:<\/p>\n<ul>\n<li>Web site:&nbsp;&nbsp;<a href=\"http:\/\/www.irs.gov\/uac\/Newsroom\/IRS-Unveils-Filing-Season-Program-for-Tax-Return-Preparers,-Answers-Frequently-Asked-Questions\" rel=\"nofollow noopener\" target=\"_blank\">http:\/\/www.irs.gov\/uac\/Newsroom\/IRS-Unveils-Filing-Season-Program-for-Tax-Return-Preparers,-Answers-Frequently-Asked-Questions<\/a><\/li>\n<\/ul>\n<p><b>Please submit your assignment.<\/b><\/p>\n<p><b>For assistance with your assignment, please use your text, Web resources, and all course materials.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is December, and tax season is just around the corner. You expect a large clientele this tax season, and you will be filing tax returns for a variety of business entities. You decide to get your office ready by <a href=\"https:\/\/www.benedictsol.com\/blogs\/advanced-tax-2\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-49037","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/49037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=49037"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/49037\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=49037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=49037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=49037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}