Your final portfolio artifact is the comprehensive, professional tax memo
and appendix that you develop for Ms. Emma Shire, another client at
S.N.H.U., LLC. As
you did with the previous two artifacts, make sure to incorporate the
feedback that you receive from your instructor and peers.
Memo: You will justify recommendations and explain potential issues
and future decisions relating to Ms. Shire’s tax situations. Given that
Ms. Shire is not well
versed in accounting, make sure that your memo addresses her concerns
in language that she can understand.
Address Ms. Shire’s questions pertaining to personal tax planning.
Based on her given information, what actions can Ms. Shire take
throughout the year
to effectively reduce her tax liability? Provide specific
recommendations, defend them with tax regulations, and explain the tax
consequences or savings
in conceptual and dollar value terms.
Address Ms. Shire’s questions pertaining to her partnership income.
Based on the given information, what actions can Ms. Shire take
throughout the
year to effectively reduce her tax liability from the partnership? What
are the tax consequences to Ms. Shire if she and her partner choose to
change
their business to a corporation? Provide specific recommendations,
defend them with tax regulations, and explain the tax consequences or
savings in