Acc547 Week 1 Tax Law Research Worksheet Acc 547 Week 1 Tax Law Research Worksheet

1986 Words Oct 27th, 2015 8 Pages
ACC 547 ACC547 Complete Course
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ACC547 Week 1 Tax Law Research Worksheet
Complete the Tax Law Research Worksheet - Week 1.
Format your responses consistent with APA guidelines.
Write an APA-formatted response of no more than 200 words for each the following questions:
The Internal Revenue Code (IRC) is the supreme source of income tax law. When trying to resolve an income tax question, a tax practitioner will look to other sources in addition to the IRC. For example, the tax practitioner may consult IRC regulations,
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All of these are her personal residences, and none is rented. All of the properties have mortgages on which she pays interest.

What are the limits, if any, on the deductibility of the mortgage interest?
Is the deduction for AGI or from AGI?
When a taxpayer has loans that exceed the limits for deductibility, how is the amount of deductible interest expense determined?

ACC 547 Week 2 CPAexcel Assignment Posting Area
Review the Week 2 Wiley CPAexcel: CPA Prep materials. Write a post of no more than 350-words summarizing the material covered and post the assignment within this area. Post Assignment: Post document within this grading area. The points hear will be added for a total of three points total for the assignment since I cannot change the original assignment submittal area.

ACC 547 Week 3 Textbook Problems
Complete the following problems located in Taxation of Individuals and Business Entities: * Comprehensive Problem 75 (Ch. 5) * Comprehensive Problem 69 (Ch. 6) * Comprehensive Problem 81 (Ch. 8)
Completion of applicable IRS forms is encouraged.

ACC 547 Week 3 Tax Law Research Worksheet
Write an APA-formatted response of no more than 100 words for each the following questions:
What are the similarities and differences between personal property, real property, intangible property, and natural resources? Provide an example of each. Describe the cost recovery method used for each type of asset. The Modified

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