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: