Suppose you are working at a CPA firm that a group of Congressmen has recently hired to study and analyze the Tax Cuts and Jobs Act (TCJA). You have been tasked with preparing preliminary research on the TCJA and have been asked to share your initial findings with the rest of your firm’s team.
To complete this assignment, you will need to study the Act and utilize the knowledge and experience you’ve gained in this course and your research or professional experience related to the current economic conditions.
Instructions
To complete this assignment, create a 2-to-3-minute video presentation or a 3-5 slide PowerPoint presentation (with written speaker notes) where you present your summary research findings on the following topics:
Prepare a summary of the effects of the TCJA on the following entity types: S Corp, C Corp, LLC, and Partnership as it relates to corporate taxation
Select one of the entity types described above and establish one tax planning advantage and one tax planning disadvantage of the TCJA for this entity type
Design a tax planning strategy in response to the TCJA for the entity type you selected
Use at least two resources to support your research or recommendations. Choose credible, relevant, and appropriate sources, such as your course text, texts from previous taxation courses, or current IRS publications. If you require help with research, writing, and citation, access the library or review library guides.
This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all support. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is:
Evaluate characteristics of corporate entities for tax planning purposes.
