ACC 665 Grand Canyon Week 2 Assignment
Individual Case Study Report A and CLC report
For specific instructions regarding the Individual Case Study Report A, please refer to the Tax Planning and Business Strategy Case Study resource.This assignment uses a grading rubric. Instructors will be using the rubric to grade the assignment; therefore, students should review the rubric prior to beginning the assignment to become familiar with the assignment criteria and expectations for successful completion of the assignment.You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.
CLC Case Study Report
A Upon being retained by Dave to provide tax advice you are scheduled to meet with him in one week. The tax partner-in-charge assembles several staff members (CLC Team) and begins the task of understanding Dave’s tax situation. Dave is to be provided a summary of his current tax issues and at least three alternative plans to address these issues before tax returns need to be completed for his
current tax year. During the first session Dave expects to be provided with an analysis of his individual tax situation, tax structure, and potential tax liability issues.Please refer to the assignment grading rubric at the assignment’s drop box for information regarding how the assignment will be graded. The CLC team is to prepare a two-page (double-spaced) report with the required information to be submitted
by the end of Module 2.
Individual Case Study Report A
As a member of the staff (CLC) team assigned to work with Dave, you are assigned the individual task of developing a summary of the legal restrictions placed on the client, the areas of tax planning that you recommend for the taxpayer, and what sources of interpretation of tax laws, regulations, and rules (search audit trail to be included as citations and references) should be used by the staff (CLC) team.
Additional information provided by Dave during a previous meeting included the following:
a) Dave is under a full investigation by the Internal Revenue Service for failure to file tax returns for a former company, Tucson to Texas Travelers (3T), a sole proprietorship, which ran a series of truck stops between Tucson, AZ and Houston, TX until it was closed down due to net losses for the last 4 years of
the 7 years it was in operation.
b) A document produced by Dave indicates that the former tax preparer had rolled over a net operating loss (NOL) into the last 4 years of tax returns prepared for the client.
c) You discover a handwritten note in the files provided that the NOL was used to offset taxable income in other business ventures for the taxpayer in each of the last four years of returns prepared for the taxpayer.
d) A single piece of paper was discovered in the prior tax preparers file that reveals that 3T had not prepared and submitted payroll reports including W-2s and 2099s for its last 3 years.
You are to work independently of the CLC Team, but use the CLC report being developed for Module 1 with the anticipation that your additional work will be merged with that of other staff (CLC) members later.Please refer to the assignment grading rubric at the assignment’s drop box for information regarding how the assignment will be graded. Prepare a two- to three-page (double-spaced)
report with the required information to be submitted by the end of Module 2.
ACC 665 Grand Canyon Week 2 Assignment 2
CLC Case Study Report B
For specific instructions regarding the CLC Case Study Report B, please refer to the Tax Planning and Business Strategy Case Study resource.This assignment uses a grading rubric. Instructors will be using the rubric to grade the assignment; therefore, students should review the rubric prior to beginning the
assignment to become familiar with the assignment criteria and expectations for successful completion of the assignment.You are required to submit this assignment to Turnitin. Please refer to the directions
in the Student Success Center
CLC Case Study Report B
The entire staff assigned to work with Dave (CLC Team) reassembles and are brought up-to-date by the tax partner. You learn that Dave has acquired controlling partner interest in OOSS’s second largest competitor, Deep water Exploration, LLC, (DE) by purchasing $200 million of common stock using OOSS assets as collateral for a loan with First Trust Bank. After being appointed the new general manager of DE, he is considering merging OOSS and DE into a single company.Dave requests
advice on what is the best business structure and why as it relates to the compensation structure of DE and perhaps OOSS. He also wants to know the impact of different business forms of organization on the compensation of owners.
The staff team (CLC team) is now assigned the task of developing a recommendation summary of
these issues and which is the best organizational structure to recommend for Dave and his companies. Dave indicated that even Diamond Discovery should be considered a part of his reorganization efforts.
Please refer to the assignment grading rubric at the assignment’s drop box for information regarding how the assignment will be graded. The CLC team is to prepare a two-page (double-spaced) report with the required information to be submitted by the end of Module 3.
Why Choose Us
Premium Quality Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional Assignment Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Timely Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
Customer Support 24/7
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Our Assignment Writing Help Services
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admission and Business Papers
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Editing and Proofreading
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.