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ACC 568 Complete Course week 1 to week 11

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ACC 568 Complete Course week 1 to week 11;ACC 568 Complete Course;ACC 568 Week 1 Discussion 1;International Taxation" Please respond to the following;? The U.S. taxes a wide variety of international transactions. Propose how the U.S. might enforce the collection of taxes on international transactions.;? Analyze the principles of international taxation. Based on your analysis, construct an argument for the elimination of international taxation and the resulting impact on foreign trade.;ACC 568 Week 1 Discussion 2;Source Rules" Please respond to the following;? You are the Chief Financial Officer (CFO) of a multinational corporation. Suggest a strategy to minimize the tax impact on foreign sourced income. Support your strategy with examples.;? You are a CPA working as a tax professional who was bribed by a U.S.-based multi-national company to help that company avoid paying income on U.S.-sourced income. Develop a scheme for the company to avoid tax on U.S.-based income so that it would likely not be discovered by the IRS.;ACC 568 Week 2 Discussion 1;Foreign Business and U.S. Taxes" Please respond to the following;? Imagine you are working as a tax professional that has been hired by a foreign corporation to develop a strategy to eliminate taxes on profits generated in the U.S. Suggest a strategy for your client to minimize its tax obligations to the U.S.;? Your foreign client is also considering expanding operations in the U.S. through either a branch office or the creation of a U.S. subsidiary. Create an argument that one approach is better than the other for minimizing tax obligations.;ACC 568 Week 2 Discussion 2;Fixed, or Determinable Annual, or Periodical Income (FDAP)" Please respond to the following;? You are an Internal Revenue Service (IRS) agent who is performing an audit to determine if a foreign taxpayer is avoiding tax on earned income that is subject to U.S. tax. Suggest how you will approach the audit to ensure that the foreign taxpayer is remitting the appropriate amount of tax.;? Congress has appointed you to lead a committee to determine if U.S. tax policy is deterring foreign investment. Based on what you know about the current tax code, make a recommendation for improvement.;ACC 568 Week 2 Assignment 1;Click the link above to submit your assignment.;Students, please view the "Submit a Clickable Rubric Assignment" in the Student Center.;Instructors, training on how to grade is within the Instructor Center.;Assignment 1: Client Letter;Due Week 2 and worth 160 points;You are a CPA professional and are assisting a new client who is expanding a business that operates in the United States to having a global presence with operations in foreign countries. The new client is concerned about how he can mitigate the U.S. tax impact from revenue sourced in foreign countries. The client was advised by a friend that claims he did not have to pay any U.S. tax on income received from outside the U.S.;Use the Internet and your text to research the various rules regarding source rules for income and deductions.;Write a one to two (1-2) page paper in which you;1. Construct a letter to communicate to your client about the source rules for income and deductions and the circumstances that income received in foreign countries may or may not be taxed in the U.S.;2. Make a recommendation to the client as to how to mitigate the U.S. tax impact from income received from outside the U.S. Provide facts to support your recommendation.;3. Use at least two (2) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality 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;? Analyze the source rules reach of the U.S. Tax Code in regard to international taxation.;? Use technology and information resources to research issues in international tax planning and research.;? Write clearly and concisely about international tax planning and research using proper writing mechanics.;Click here to view the grading rubric.;ACC 568 Week 3 Discussion 1;Foreign Tax Credits" Please respond to the following;? Your client is a U.S.-based company that owns a foreign subsidiary. Your client understands that there are foreign tax credits of which they may be able to take advantage. Based on the e-Activity, recommend a strategy to optimize the use of foreign tax credits.;? You are an IRS auditor and are auditing the foreign tax credits taken by a taxpayer in order to determine if there was any abuse of the foreign tax credits taken. Suggest the most likely abuse of foreign tax credits and measures that the IRS can take to minimize lost revenue resulting from abuse.;ACC 568 Week 3 Discussion 2;Tax Exemptions" Please respond to the following;? You are a CPA and a client has asked you to advise them on how to exclude U.S. income tax on money earned while he was working in a foreign country. Recommend a strategy to your client that will minimize the U.S. tax obligations. Support your recommendation with examples.;? Based on the discussion above, create an argument to eliminate any type of tax exemptions for U.S. taxpayers working abroad. Support your argument with examples.;ACC 568 Week 4 Discussion 1;Controlled Foreign Corporations" Please respond to the following;? You are an IRS agent and are planning to audit a controlled foreign corporation for potential tax evasion. Suggest audit strategies that address transactions that are most likely to result in tax evasion by a controlled foreign corporation. Support your audit plan with examples.;? You are the CPA working for the controlled foreign corporation that is being audited by the IRS for potential tax evasion. Construct a defense against the audit that supports the corporation?s claim that there was no tax evasion. Support your defense with examples.;ACC 568 Week 4 Discussion 2;Tax Deferral" Please respond to the following;? You are a CPA who specializes in offshore tax arrangements. A client has engaged you to develop a strategy she can use to invest abroad and defer her income from U.S. taxes. Suggest a strategy for deferring taxable income. Support your recommendation with examples.;? You have been hired by an underworld client to establish a tax haven overseas to avoid paying U.S. taxes, and avoid IRS scrutiny. Evaluate tax havens and construct a scheme that your client can use to establish a tax haven abroad and avoid IRS scrutiny. Support your scheme with examples.;ACC 568 Week 4 Assignment 2;Click the link above to submit your assignment.;Students, please view the "Submit a Clickable Rubric Assignment" in the Student Center.;Instructors, training on how to grade is within the Instructor Center.;Assignment 2: Foreign Persons Trade / Business and U.S.-Sourced Income;Due Week 4 and worth 200 points;Imagine you are a CPA working as a tax professional. A foreign client engages you to determine how best for them to invest in a U.S. startup company that plans to sell automobile parts. The client?s objective is to avoid or minimize any U.S. taxes that the foreign investor may incur. Assume that the client is forming this corporation with several other U.S. citizens.;Using the Internet or Strayer databases, research the rules related to foreign persons investing in U.S. companies and any tax implications for the foreign investor.;Write a three to four (3-4) page paper in which you;1. Based on your research, determine at least three (3) types of investments in the U.S. company that will most likely trigger a taxable event for your client and those that are least likely. Provide support for the rationale.;2. Based on your research, evaluate at least three (3) types of U.S.-sourced income that your client is most likely to be impacted by U.S. taxes. Provide support for the evaluation.;3. Recommend the most advantageous type of investment strategy that your client should take when investing in this U.S. company and make recommendations for avoiding or eliminating taxes on the client?s U.S.-sourced income from the investment. Support the recommendations with examples.;4. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality 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;? Analyze how foreign persons are taxed on income generated in the U.S.;? Use technology and information resources to research issues in international tax planning and research.;? Write clearly and concisely about international tax planning and research using proper writing mechanics.;Click here to view the grading rubric.;ACC 568 Week 5 Discussion 1;Tax Credit Limitations" Please respond to the following;? Based on the e-Activity, research the limits on foreign tax credits. Based on your research, propose how you would categorize tax credits for reporting purposes to IRS.;? Propose how you would defend a client against an IRS audit of tax credits that were incorrectly categorized.;ACC 568 Week 5 Discussion 2;Policy Considerations" Please respond to the following;? Congress has appointed you to head a committee to address the complexity of foreign tax credit limitation rules that currently exist. Make recommendations to simplify the rules. Support your recommendations with examples.;? Based on your recommendations from above, predict the impact your recommendations would have on U.S. Treasury tax collections. Support your prediction(s) with examples.;ACC 568 Week 6 Discussion 1;Transfer Pricing Impact" Please respond to the following;? Transfer pricing is a significant area of concern for the IRS. Assess the concerns the IRS may have and construct a scenario to address those concerns.;? The IRS requires that transfer pricing transactions are done at arm?s length. Propose a strategy for managing transfer pricing transactions that would prevent or mitigate the chance of an IRS challenge.;ACC 568 Week 6 Discussion 2;Transfer Pricing Abuse" Please respond to the following;? You have been bribed by a multinational company that wants to pay a minimal amount of taxes. Create a scheme as to how you would use transfer pricing to achieve that objective for the company.;? Imagine you are an IRS auditor. Propose a strategy to detect transfer pricing abuse.;ACC 568 Week 6 Assignment 3;Click the link above to submit your assignment.;Students, please view the "Submit a Clickable Rubric Assignment" in the Student Center.;Instructors, training on how to grade is within the Instructor Center.;Assignment 3: International Taxation and Foreign Tax Credits;Due Week 6 and worth 280 points;Assume you are a CPA working as a tax professional and are hired by a client who is a U.S.-based taxpayer and is interested in expanding the business into foreign markets.;Using the Internet or Strayer databases, conduct research on the various tax impacts for U.S. companies that expand abroad.;Write a four to six (4-6) page paper in which you;1.;2. Based on your research, assess at least two (2) types of organizations that the taxpayer could establish abroad and the various tax impacts that these types of organization may cause. Provide support for your rationale.;3. Based on your research, develop a strategy for the client to repatriate earnings from the foreign markets and avoid or mitigate the U.S. tax impact on repatriation. Provide support for your rationale.;4. Based on your research, evaluate foreign tax credits and propose at least three (3) tax credits the client could use and the impact on the taxes. Provide examples with your rationale.;5. Based on your research, assess the impact that the accumulated earnings tax had on the client and how the tax could be avoided or mitigated. Provide examples with your rationale.;6. Based on your research, analyze the rules regarding potential U.S. and foreign sourced losses and propose scenario to your client that would best represent the proper treatment of those losses. Provide support for your rationale.;7. Use at least four (4) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality 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;?;? Analyze the legal basis of outbound international taxation and foreign tax credit limitations.;?;? Use technology and information resources to research issues in international tax planning and research.;?;? Write clearly and concisely about international tax planning and research using proper writing mechanics.;Click here to view the grading rubric.;ACC 568 Week 7 Discussion 1;Foreign Currency Structure and Methods" Please respond to the following;? Foreign currencies fluctuate in value relative to the U.S. dollar and other foreign currencies. Evaluate the impact that currency fluctuations have on taxes and propose a strategy that would eliminate or mitigate the tax impact.;? Based on the e-Activity, research the treatment of foreign currency received on the sale of property. Based on your research, propose a strategy for a real estate investment trust to eliminate or mitigate its tax liability on the sale of property.;ACC 568 Week 7 Discussion 2;Foreign Currency Profit and Loss Method" Please respond to the following;? Evaluate the advantages of separate transaction methods and the profit and loss methods over one another when translating foreign income. Create an argument for using one method over the other.;? Your new client is a U.S. corporation that owns foreign affiliates that use a functional foreign currency. Construct a scenario in which your client could distribute income and avoid or mitigate the tax impact of those distributions.;ACC 568 Week 8 Discussion 1;Corporate Formation and Liquidation" Please respond to the following;? You have been hired by a U.S. corporation that wants to form a foreign corporation through the transfer of property. Propose a strategy for the client to transfer property into the foreign corporation that will help the client to avoid or mitigate taxes.;? Your client is a U.S. corporation that wants to liquidate a foreign subsidiary. Propose a strategy for your client that will help the client to avoid or mitigate the tax impact of the liquidation.;ACC 568 Week 8 Discussion 2;Export Risk" Please respond to the following;? Assess the risks of incurring foreign tax in exporting goods from the U.S. Based on your assessment, propose a strategy to minimize or eliminate the foreign tax risk.;? International trade is important for the U.S. There is a lot of discussion regarding countries who may be subsidizing their currency to create a trade imbalance with the U.S., resulting in lost tax revenue. Propose a strategy that the U.S. could deploy to eliminate or offset these subsidies. Support your strategy with examples.;ACC 568 Week 8 Assignment 4;Click the link above to submit your assignment.;Students, please view the "Submit a Clickable Rubric Assignment" in the Student Center.;Instructors, training on how to grade is within the Instructor Center.;Assignment 4: Transfer Pricing;Due Week 8 and worth 320 points;Transfer pricing is probably one of the biggest tax issues facing taxing authorities. Transfer pricing involves allocating revenues and costs between countries in order to create the best possible tax situation for a multinational company. For this assignment, you will be required to respond to the following scenario;A multinational company has hired you as its tax professional to advise the company on how to use transfer pricing to avoid or mitigate taxes. This company manufactures and sells cars in the U.S. and two (2) foreign countries.;Using the Internet or Strayer Library, research the rules and techniques for transfer pricing. Choose two foreign countries and research their respective tax rates.;Write a six to eight (6-8) page paper in which you;1. Based on your research, create projections of revenues, costs, and tax rates for all three (3) countries, including the U.S. Provide support for your projections.;2. Based on your projections, create at least two (2) scenarios in which you allocate revenues and costs to each country to determine the lowest possible overall tax for each country. Provide support for your rationale.;3. Create at least three (3) scenarios and propose a scenario to the client that will result in a favorable tax position. Provide support for your rationale.;4. Create at least three (3) scenarios and propose a scenario to your client that is less likely to result in an IRS audit. Provide support for your rationale.;5. Assume that the IRS has challenged the allocations and is preparing to audit the client. Prepare a position to defend the client to IRS. Provide support for your position.;6. Imagine that you are an IRS agent auditing a multinational company?s transfer pricing methods. Evaluate the tools you could use to perform the audit and propose an audit plan. Provide support for the strategy.;7. Use at least five (5) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality 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;? Examine various transfer pricing methodologies and how they impact taxation.;? Use technology and information resources to research issues in international tax planning and research.;? Write clearly and concisely about international tax planning and research using proper writing mechanics.;Click here to view the grading rubric.;ACC 568 Week 9 Discussion 1;Licensing of Intangible Property" Please respond to the following;? The licensing of intangible property is a commonplace occurrence in foreign countries. Choose any type of intangible property and propose a strategy to minimize or eliminate the tax impact of licensing.;? You have been hired by a U.S. corporation that wants to invest in a foreign corporation through the transfer of intangible property. Make a recommendation to your client as to how to transfer the intangible property and thus mitigate or eliminate the tax impact of the transfer.;ACC 568 Week 9 Discussion 2;Foreign Investments" Please respond to the following;? You have been hired by a U.S. corporation that wants to expand its business to a foreign country. Evaluate the approaches to expanding into a foreign country and create an argument for the approach you would recommend.;? Your client has asked you to assess the methods of capitalizing a foreign corporation that produces the most advantageous tax position. Propose a method that produces the least amount of tax for your client.;ACC 568 Week 10 Discussion 1;Foreign Policy Obervations" Please respond to the following;? You have been appointed by the President of the United States to lead a committee to recommend tax policies that the U.S. could impose on a hostile foreign government. Choose a foreign country, and suggest and support why you chose this particular foreign country. Propose a strategy for addressing this inherent hostility.;? You have been hired by a foreign company that wants to do business with a foreign country that the U.S. is boycotting. Propose a strategy whereby your client can do business with the foreign country and avoid tax penalties.;ACC 568 Week 10 Discussion 2;Illegal Foreign Payments" Please respond to the following;? Bribes and kickbacks are against U.S. law, but are considered standard practice in many countries. Take a position and argue your position on how the U.S. should treat bribes and kickbacks for tax purposes.;? You are an IRS auditor who is auditing a multinational company suspected of providing bribes and kickbacks to foreign officials. Suggest a tool you could use to plan an audit that might uncover the activity. Propose a strategy that would prevent bribes and kickbacks in the future.;ACC 568 Week 10 Assignment 5;Click the link above to submit your assignment.;Students, please view the "Submit a Clickable Rubric Assignment" in the Student Center.;Instructors, training on how to grade is within the Instructor Center.;Assignment 5: Audit Letter to IRS;Due Week 10 and worth 160 points;You are a CPA working as a tax professional and have been hired by a client who comes to you with a letter from the IRS indicating that it is auditing several items on the client?s tax return and making the following assertions;1. The method the client used to value foreign currency exchanges is incorrect.;2. An undervalued international exchange of appreciated property should show a larger gain.;3. Sales through export operations were underreported and revenue is understated.;4. The transfer of intangible property for stock was undervalued and results in a larger gain.;5. Investments made to another country were done through a subsidiary and not a branch and are taxable as such.;Using the Internet or Strayer databases, research the rules regarding the above types of transactions.;Write a one to two (1-2) page paper in which you;1. Respond to the assertions by the IRS and counter those assertions with your own. Provide support for the rationale used in the response.;2. Make a convincing argument that the information / documentation your client possesses justifies and supports the client?s claim. Provide supporting evidence for your argument.;3. Use at least two (2) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality 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;? Determine the tax implications of conducting business in non-U.S. currencies.;? Analyze the rules regulating international tax-free exchanges and the international sale of goods.;? Analyze intangible property rights abroad.;? Examine direct investments abroad through a foreign branch or foreign company.;? Use technology and information resources to research issues in international tax planning and research.;? Write clearly and concisely about international tax planning and research using proper writing mechanics.;Click here to view the grading rubric.;ACC 568 Week 11 Discussion 1;Learning Experience" Please respond to the following;? From what you have learned in this course, determine the single most impactful or interesting thing you learned. Explain what made it so.;? Assume you have the power to make reforms to the way international tax planning and research is currently conducted. Propose what reforms you would make. Explain your rationale.;ACC 568 Week 11 Discussion 2;Application of Knowledge" Please respond to the following;? Explain which part(s) of the content of this course will be useful to you in the future. Provide specific examples to support your response.;? Predict what you believe will be the most significant changes in international taxation you will likely see in the next few years. Explain your reasoning.

 

Paper#28663 | Written in 18-Jul-2015

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