Chat with us, powered by LiveChat Taxiation accounting | Wridemy

Taxiation accounting

Question Description
he ability to locate current and relevant facts in order to support a tax question position is one of the most valuable skills a tax preparer can possess. During this course, you will develop a tax research project, based upon specific tax service situations and issues. This project will provide you with an opportunity to improve your tax research and presentation skills, thus helping to prepare you for effective tax planning and preparation.

For this activity, select ONE of the following two scenarios.

Scenario 1: Business Vehicle Deductions
Your client, a physician, recently purchased a yacht on which he flies a pennant with a medical emblem on it. He recently informed you that he purchased the yacht and displays the pennant to advertise his occupation and thus attract new patients. He has asked you if he can deduct, as ordinary and necessary business expenses, the costs of maintaining the yacht. In your project, explain the steps you must take to find the answer.

Scenario 2: Charitable Contributions Limits and Substantiation
An individual tax client has filled out his tax information questionnaire to provide information for preparing his tax return. The IRS has never audited his returns. The client reports that he made over 100 relatively small cash contributions, totaling $24,785, to charitable organizations. Over recent years, his charitable contributions have totaled about $15,000 per year. For the previous year, his AGI was roughly $350,000, about a 10% increase from the year before. Determine whether or not you can accept, at face value, the client’s information concerning his charitable contributions. Next, assume the IRS has audited the client’s tax return from two years ago and denied 75% of that year’s charitable contribution deduction, because the deduction was not substantiated. Also, assume that the client indicated, from the previous year, that he contributed $25,000, instead of $24,785. How do these changes affect your earlier decision?

Then, provide an annotated bibliography for your selection. The annotated bibliography must identify at least three different resources (not including your course textbook) and be properly formatted using APA guidelines.

An annotated bibliography provides you the opportunity to evaluate those sources you plan to use for your final research project. This bibliography contains the following two components:

References (sources)
A brief written evaluation and summary of each source. This short paragraph evaluates and summarizes your sources. When evaluating and selecting your references, consider the following questions: Are the author’s sources credible for your topic? Is the information in the article useful? Why or why not? How are you going to use the information in the article to increase the effectiveness of your paper?
HINT: Be specific in how you plan to use the information and what information you plan to use.

Follow the link to review: University of Maryland University College. (Producer). (2012). How to write an annotated bibliography (Links to an external site.)
Links to an external site.
[Video, 5:34 mins]. Retrieved from…

Refer to the following labs for information about evaluating sources and creating your annotated bibliography:

EC Online Writing Lab: Research Corridor (Links to an external site.)
Links to an external site.
Purdue Online Writing Lab: Annotated Bibliographies (Links to an external site.)
Links to an external site.
Additionally, here is a SAMPLE (Links to an external site.)
Links to an external site.
annotated bibliography, formatted following APA guidelines.

Your submission should include a 100–200 word annotation for each of your resources. Include a title page, use 12-point, Times New Roman font, and double space. Use APA style formatting when citing any sources to support your claims.

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.

Do you need an answer to this or any other questions?

About Wridemy

We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.

How It Works

To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Are there Discounts?

All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.

Hire a tutor today CLICK HERE to make your first order

Related Tags

Academic APA Writing College Course Discussion Management English Finance General Graduate History Information Justify Literature MLA