ACC 565 Week 4 Assignment 2 Constructive Dividends , Redemptions , and Related Party Losses ( 2 Papers )
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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 :
• Analyze tax issues regarding corporate formations , capital structures , income tax , non-liquidating distributions , or other corporate levies .
• Use technology and information resources to research issues in organizational tax research and planning .
• Write clearly and concisely about organizational tax research and planning using proper writing mechanics . ===============================================
ACC 565 Week 4 Assignment 2 Constructive Dividends , Redemptions , and Related Party Losses ( 2 Papers )
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This paper of ACC 565 Week 4 Assignment 2 Assignment 2 : Constructive Dividends , Redemptions , and Related Party Losses Suppose you are a CPA hired to represent a client that is currently under examination by the IRS . The client is the president and 95 % shareholder of a building supply sales and warehousing business . He also owns 50 % of the stock of a construction company . The remaining 50 % of the stock of the construction company is owned by the client ’ s son . The client has received a Notice of Proposed Adjustments ( NPA ) on three ( 3 ) significant issues related to the building supply business for the years under examination . The issues identified in the NPA are unreasonable compensation , stock redemptions , and a rental loss . Additional facts regarding the issues are reflected below :