WEEK 8 ASSIGNMENT – TAX METHODS AND FINANCIAL REPORTS

 

Instructions

Write a 45 page paper in which you do the following: 

  • Use your textbook, the Internet, , and to research the three major forms of corporate organizations: partnerships, S corporations, and corporations.
  • Compare and contrast the tax rules and treatment applicable to those three forms of organization and the major way in which the tax treatment affects the shareholders or partners.
  • Explain at least two reasons why a business owner might opt for one form of organization over another. Provide support for your rationale.
  • Identify two sources of tax guidance (for example, IRS code, Revenue Procedure) for each form of organization and how it defines a component of the tax policy for that form of organization.
  • Research an organization by identifying its entity type (corporation, s-corporation, or partnership) and describe how that organizations tax methods are detailed in their financial reports.
  • Use the Strayer Library to find at least three academic resources. Note: Wikipedia and similar websites are not considered quality references