ACC307 Week 1 Discussion ACC 307 Week 1 Discussion

ACC307 Week 1 Discussion ACC 307 Week 1 Discussion

ACC 307 ACC307 Complete Course
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ACC307 Week 1 Discussion
"Taxpayer Rights and Maximizing Deductions" Please respond to the following:
After reviewing the scenario, discuss at least two (2) tests for claiming a dependency exemption for a child or qualifying relative, and identify major loopholes within these tests that the IRS would only detect during an audit. Provide specific examples of such loopholes.
From the e-Activity, select at least two (2) rights that most taxpayers may not be aware of that could reduce their fear or intimidation when dealing with an IRS audit. Discuss whether the IRS would be more effective in its collection efforts if it adopted a more customer service approach. Support your position.

ACC307 Week 1 Homework
Homework
Chapter 1: 26, 36, 42, 50, and 53
Chapter 3: 2, 10, 21, 29, and 46

ACC307 Week 2 Discussion
"Impact of Effective Tax Planning" Please respond to the following:
After reviewing the scenario, identify at least two (2) inclusions or exclusions for self-employed taxpayers to reduce their tax liability, and propose at least two (2) tax-planning strategies for taxpayers to reduce their tax liability. Provide specific examples of such strategies.
Imagine that you are a tax consultant. From the e-Activity, review the guidelines for the social security benefits that are taxable, and recommend at least two (2) key strategies that retirees with pension income may use in order to minimize their number of taxable social security benefits. Provide specific examples of such recommendations.
Week 2 Homework Submission
Homework
Chapter 4: 6, 28, 41, 42, and 47
Chapter 5: 17, 25, 35, 40, and 57
H&R Block Mini Practice Set 1
Chapter 3, Problem 53
ACC307 Week 3 Discussion
"IRS Compliance Issues" Please respond to the following:
In...

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