Prepare a summary of the effects of the tcja

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Reference no: EM133641571

Homework: Researching the Tax Cuts & Jobs Acts

Overview

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 homework, 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.

Task

To complete this homework, create a 2 to 3 minutes video presentation or a 3 to 5 slides PowerPoint presentation (with written speaker notes) where you present your summary research findings on the following topics:

Question A. 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

Question B. 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

Question C. Design a tax planning strategy in response to the TCJA for the entity type you selected

The specific course learning outcome associated with this homework is:

A. Evaluate characteristics of corporate entities for tax planning purposes.

Reference no: EM133641571

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