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· Rental loss: The rental loss results from a building leased to the
construction company owned by the client and his son.
Write a three page paper in which you:
1. Based on your research and the facts stated in the scenario, prepare a
recommendation for the client in which you advise either acceptance of
the proposed adjustments or further appeal of the issue based on the
potential for prevailing on appeal.
2. Create a tax plan for the future redemption of the client’s stock owned
in the construction company that will not be taxed according to Section
301 of the IRC.
3. Propose a strategy for the client to receive similar amounts in
compensation in the future and avoid the taxation as a constructive
dividend.
4. Use the six (6) step tax research process to record your research for
communications to the client.
Use the Internet and databases to research the rules and income tax laws
regarding unreasonable compensation, stock redemptions treated as
dividends and related party losses. Be sure to use the six (6) step tax
research process in Chapter 1 and demonstrated in Appendix A of your
textbook as a guide for your written response.
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ACC 565 Week 7 Assignment 3 Reorganizations and
Consolidated Tax contains (2 Papers)
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