Question;Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and;Estate Tax;Due Week 10 and worth 150 points;Suppose you are a CPA, and your client has requested advice regarding;establishing an irrevocable trust for his two (2) grandchildren. He wants the;income from the trust paid to the children for 20 years and the principal;distributed to the children at the end of 20 years.;Use the Internet and Strayer databases to research the rules regarding;irrevocable trusts, gift tax, and estate tax. 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.;Write a one to two (1-2) page letter in which you;Analyze the effect of an irrevocable trust on the gift tax and future estate;taxes.;Suggest other significant alternatives that the client could use both to;reduce estate tax and to maximize potential advantages of the payment of gift;taxes on transfers of property.;Use the six (6) step tax research process, located in Chapter 1 and;demonstrated in Appendix A of the textbook, to record your research for;communications to the client.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;Prepare client, internal, and administrative documents that appropriately;convey the results of tax research and planning.;Create an approach to tax research that results in credible and current;resources.;Analyze tax issues regarding the gift tax and the estate tax.;Analyze tax issues regarding trusts and estates.;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.
Paper#41875 | Written in 18-Jul-2015Price : $43