Details of this Paper

Advanced Tax 1IP




It is December, and tax season is just around the corner. You expect a large clientele this tax season, and you will be filing tax returns for a variety of business entities. You decide to get your office ready by having a copy of all of the various tax forms on hand along with relevant publications.;In addition, you read a recent article that the Internal Revenue Service (IRS) is implementing new rules for paid preparers. You decide to research the new requirements and prepare a memorandum for future reference.;Part 1;Deliverable Length: 250 words;Use this Web site to determine the form(s) required to file income taxes for the following business entities;Sole proprietorship;Partnership;Corporation;S Corporation;Download the current form and instructions (you will refer to these in later assignments).;Use the instructions for each form to prepare a tax guide that you will use during tax season. The tax guide should have the following information for each business entity;Tax form or schedule used to report the profit or loss from a business;When the tax form must be filed;Where the tax form must be filed based on the state;An IRS publication that will provide supplemental federal income tax information about the business entity;Part 2;Deliverable Length: 250 words;Use the following Web site to prepare a memo for your file regarding the new regulations for paid preparers for future reference;Web site:,,id=221009,00.html


Paper#75405 | Written in 18-Jul-2015

Price : $22