Homework:
Research the manner in which tax-deductible losses originally became part of the U.S. Tax Code. Conclude
whether or not tax-deductible losses overall are reasonable. Provide support for your conclusions.
Suggest what you believe to be a significant tax-deductible loss. Discuss whether or not the deductibility of
this loss harms other taxpayers in general. Recommend changes to this tax-deductible loss you would make that
would be fairer to all taxpayers.
Choose a type of loss that is not deductible, and argue whether these losses should continue to be disallowed,
or why they should be allowed. Provide support for the rationale.
Propose an alternative to loss deductions that would be fair to all taxpayers and support the financial needs
of the federal government. Indicate substantive ways in which your recommendation would achieve fairness to
taxpayers and the United States Treasury.
Research recent IRS audit activities related to loss deductions to determine the most frequent types of losses
that would most likely trigger an IRS audit. Propose a strategy that you would use to defend a client facing
an IRS challenge on loss deductions.
Use at least three (3) quality references. Note: Wikipedia and other Websites do not qualify as academic
resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations
and references must follow APA or school-specific format. Check with your professor for any additional
instructions.
Include a cover page containing the title of the assignment, the student?s name, the professor?s name, the
course title, and the date. The cover page and the reference page are not included in the required assignment
page length.
The specific course learning outcomes associated with this assignment are:
Conduct basic tax research and tax planning on individual federal taxation issues.
Determine how to minimize individual income tax within specific risk and legal parameters.
Analyze the inclusions and exclusions of gross income.
Analyze deductions for and from adjusted gross income.
Use technology and information resources to research issues in tax research and planning.
Write clearly and concisely about tax research and planning using proper writing mechanics.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more