POST ACC525 Unit 8 Discussion Latest 2019 July Question # 00602762 Course Code : ACC525 Subject: Business Due on: 07/05/2019 Posted On: 07/05/2019 12:33 PM Tutorials: 1 Rating: 4.7/5
ACC525 Advanced Topics in Taxes
Unit 8 Discussion
Using the
text, the readings and other exercises, as well as any additional research
done, discuss here what some of your learnings and insights are regarding the
revenue and expenditure issues. Also share what you think some of the
challenges might be when it comes to these issues/topics.
What is the
difference between a tax credit and a tax deduction? Give examples of each. When would it be advantageous to a taxpayer
to have one or the other or both?
Explain.
Samantha is
a single parent providing the sole support for her six-year-old daughter,
Hillary. They live in an area of Anytown
where the public school is known to have problems with drugs and other
crimes. Samantha wants to send Hillary
to a private school to avoid these problems and provide a better environment
for Hillary’s educational development.
Eight years ago, Samantha set up two trusts to manage the securities she
inherited from her grandfather. Samantha is the sole beneficiary of Trust A
from which she receives bimonthly distributions each made after approval by the
trustee. Hillary is the sole-beneficiary
of Trust B and all distributions from this trust must be approved by its
trustee. If Samantha convinces the
trustee to pay for Hillary’s tuition, writing a check out of Trust B funds to
the school, are there any income tax consequences to Samantha?
Consider
any ethical issues that may arise. Cite proper IRS regulation(s) to support
your point of view. Review the rubric for discussion requirements.
Having Trouble Meeting Your Deadline?
Get your assignment on POST ACC525 Unit 8 Discussion Latest 2019 July Question # 00602762 Course Code : ACC525 Subject: Business Due on: 07/05/2019 Posted On: 07/05/2019 12:33 PM Tutorials: 1 Rating: 4.7/5 completed on time. avoid delay and – ORDER NOW
