Week 8 Assignment – Tax Methods and Financial Reports

by

 PLEASE READ IN ITS’S ENTIRETY!!!

  1. Your goal is to compare the three major forms of corporate organizations: partnerships, S corporations, and corporations. You will then select a domestic organization, identify its entity type, and describe how the organizations tax methods are detailed in its financial report. 
    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.
    • This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
      The specific course learning outcomes associated with this assignment:
    • Evaluate the tax rules and treatment applicable to organizations and their impact on shareholders.
  2. By submitting this paper, you agree: (1) that you are submitting your paper to be used and stored as part of the SafeAssign services in accordance with the ; (2) that your institution may use your paper in accordance with your institution’s policies; and (3) that your use of SafeAssign will be without recourse against Blackboard Inc. and its affiliates.