No More Worries!

image Our orders are delivered strictly on time without delay

Paper Formatting

  • Double or single-spaced
  • 1-inch margin
  • 12 Font Arial or Times New Roman
  • 300 words per page

No Lateness!

image Our orders are delivered strictly on time without delay

Our Guarantees

image

  • Free Unlimited revisions
  • Guaranteed Privacy
  • Money Return guarantee
  • Plagiarism Free Writing

Researching The Tax Cuts And Jobs Acts

Suppose you are working at a CPA firm that a group of Congressmen has recently hired to study and analyze the Tax Cuts and Jobs Act (TCJA). You have been tasked with preparing preliminary research on the TCJA and have been asked to share your initial findings with the rest of your firm’s team.

To complete this assignment, you will need to study the Act and utilize the knowledge and experience you’ve gained in this course and your research or professional experience related to the current economic conditions.

Instructions
To complete this assignment, create a 2-to-3-minute video presentation or a 3-5 slide PowerPoint presentation (with written speaker notes) where you present your summary research findings on the following topics:

Prepare a summary of the effects of the TCJA on the following entity types: S Corp, C Corp, LLC, and Partnership as it relates to corporate taxation
Select one of the entity types described above and establish one tax planning advantage and one tax planning disadvantage of the TCJA for this entity type
Design a tax planning strategy in response to the TCJA for the entity type you selected
Use at least two resources to support your research or recommendations. Choose credible, relevant, and appropriate sources, such as your course text, texts from previous taxation courses, or current IRS publications. If you require help with research, writing, and citation, access the library or review library guides.
This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all support. Check with your professor for any additional instructions.

find the cost of your paper

Sample Answer

 

 

Tax Cuts and Jobs Act: Initial Research Findings

Introduction:

This presentation summarizes the initial findings of my research on the Tax Cuts and Jobs Act (TCJA) and its impact on various business entities. We will explore the effects on S Corps, C Corps, LLCs, and Partnerships, and then delve deeper into a specific entity type for tax planning considerations.

Full Answer Section

 

 

 

Effects of TCJA on Different Entities:

  • S Corporations:
    • Reduced corporate tax rate from 35% to 21%.
    • Increased qualified business income deduction (QBI) for pass-through businesses.
    • Potential advantages for smaller businesses due to lower tax rates and QBI deduction.
    • Potential disadvantages for larger businesses or those not meeting QBI requirements.
  • C Corporations:
    • Significant reduction in corporate tax rate.
    • Partial repeal of the corporate alternative minimum tax (AMT).
    • Generally positive impact on larger corporations due to lower tax rates.
    • Potential increased competition from pass-through businesses due to QBI deduction.
  • LLCs:
    • Taxed as pass-through entities, benefiting from QBI deduction if structured properly.
    • Flexibility in choosing tax classification offers planning opportunities.
    • Potential complexity in ensuring proper classification and documentation.
  • Partnerships:
    • Similar benefits to LLCs as pass-through entities with QBI deduction.
    • Potential complexity due to various partnership structures and taxation rules.

Tax Planning Focus: S Corporations:

Advantage: QBI deduction provides significant tax savings for eligible businesses.

Disadvantage: Limitation on QBI deduction for higher-income earners and service businesses.

Tax Planning Strategy:

  • Maximize QBI deduction: Focus on activities directly generating business income.
  • Optimize shareholder compensation: Balance salary and profit distribution to minimize overall tax burden.
  • Consider electing out of S Corp status: May be beneficial for businesses exceeding QBI deduction limitations.

Sources:

Disclaimer: This information is for educational purposes only and should not be considered tax advice. Please consult with a qualified tax professional for specific guidance.

Additional Notes:

  • This presentation can be easily adapted into a 2-3 minute video by adding voice narration and visuals.
  • The speaker notes provided are a starting point and can be expanded upon with more detailed explanations and examples.
  • Consider tailoring the presentation further based on your audience’s specific interests and concerns.

I hope this initial research provides a valuable starting point for our team’s exploration of the TCJA’s impact

This question has been answered.

Get Answer

[ordersys_quote]

Satisfaction Guaranteed

image

  • Research Paper Writing
  • Essay Writing
  • Dissertation Writing
  • Thesis Writing

Why Choose Us

image

  • Money Return guarantee
  • Guaranteed Privacy
  • Written by Professionals
  • Paper Written from Scratch
  • Timely Deliveries
  • Free Amendments