TAX 650 Milestone 3 Choice of Business Entity

You are currently working at a mid-sized certified public accounting
firm. Your client is Bob Jones. Bob, age 60 and single, has recently retired
from IBM. He has $690,000 available in his 401(k) fund and he is thinking of
using that money to open a used car business that will be located at 210 Ocean
View Drive in Pensacola, Florida. Bob has estimated that the business might
make $300,000 in taxable income.

Bob’s personal wealth including investments in land, stocks, and bonds
is about $14,000,000. He reported an interest income of $20,000 and dividend
income of $6,000 last year. The $14,000,000 includes land worth $9,000,000 that
Bob bought in 1966 for $450,000. Bob has hired your firm for professional
advice regarding whether he should operate as a sole proprietor, a partnership,
an S corporation, or a C corporation. He is also considering transferring a
possible 40% interest in his new business to his daughter Mandy, age 23 and
single.

In this short paper, you will
recommend a type of business entity for the client described in the final
project. In explaining your recommendation, discuss liability issues, tax
effects, and the economic impact on the client’s personal returns.

Justify your recommendation
regarding whether the client’s daughter should have an ownership interest in
the new company with details related to the transaction.

Specifically, the following critical elements must be addressed:

I. Memorandum

A. Recommend a type of business entity for the client to consider
based on your tax research. Consider justifying your recommendation using the
code and regulations that relate to the business entity.

F. Justify whether or not the client should choose a business entity
that has limited liability protection.

G. Describe the tax effect on
the recommended business entity and the impact it will have on the client’s
personal tax return. Consider addressing how the business entity affects the
completion of the 1040 tax form.

II. Conclusion

A. Evaluate the economic impact on the client’s personal returns based
on the recommended entity. Justify why the client would not choose the other
business entities by informing the client of the differences.

B. Justify your recommendation regarding the client’s daughter having
an ownership interest. Provide details supporting the recommendation taking
into consideration the jargon and mechanics of the transaction.

Guidelines for Submission: Your paper must be submitted as a 2-3-page plus
a cover page and references) and must be written in APA format with double spacing, 12-point Times New Roman
font, one- inch margins, and at least three sources cited in APA format. The memorandum must include an appendix
containing electronic version of the appropriate IRS tax schedule and forms

When faced with a problem, what do you do to solve it? This assignment asks you to apply a six-step to problem solving process to a specific problem scenario. You will write a paper that presents a synthesis of your ideas about solving the problem using this systematic approach.

Choose one (1) of the problem scenarios as a topic choice for your paper (Note: Your professor must approve your topic choice before you begin work on the assignment.)

Scenario 1: You have worked at your company for eleven (11) years. You have returned to college to earn a Bachelor’s degree in order to increase your chances for a promotion. You are nearly finished with your degree, when a supervisor’s position in a competing company becomes available in another state. The start date is in two (2) weeks, during your final exam period for your courses. The position offers a $15,000 per year salary increase, a car allowance, and relocation expenses. Your former supervisor works for the company and is recommending you for the position based on your outstanding job performance; if you want the job, it’s yours. All of the other supervisors at this level in the company have Master’s degrees, so you know that you would be expected to earn your Bachelor’s degree and continue on to a Master’s degree. Your present company offers tuition reimbursement, but the new company does not.

Scenario 2: You have two jobs—one during the week from 9:00 am to 6:00 pm, and one on Saturday from 3:00 pm to 11:00 pm. You are taking two classes—one that meets from 6:00 to 10:00 pm, and one class online. You have two kids—one who plays soccer, and one who is in band. You have two elderly parents who no longer drive. You have two siblings—one who lives two (2) miles away, and one who lives in another state. You have two (2) papers due in your classes the same week that one (1) of your children has a soccer tournament, and the other child has a band concert. You are coaching the soccer team, and you are in charge of fundraising for the band. You have a goal to complete your degree in two (2) years. Your doctor tells you that your blood pressure, your cholesterol, and your weight are too high and recommends several medications that cost you nearly $200 per month after your insurance co-pay.

Review the six-step problem solving process outlined in the webtext, based on the article “The Problem Solving Process” located at http://www.gdrc.org/decision/problem-solve.html:

• Step One: Define the problem
• Step Two: Analyze the problem
• Step Three: Generate options
• Step Four: Evaluate options
• Step Five: Make your decision
• Step Six: Implement and reflect

Write a four to five (4-5) page paper in which you:

• Define the problem in the scenario that you have chosen.
• Analyze the problem in the scenario.
• Generate options for solving the problem in the scenario.
• Evaluate the options for solving the problem.
• Decide on the best option for solving the problem.
• Explain how you will implement the decision made and reflect on whether this option was the most effective.
• Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar websites do not qualify as quality resources.
• Your assignment must follow these formatting requirements:
  • Include a reference page. Citations and references must follow APA format. The reference page is not included in the required page length.

1. Include an introductory paragraph and concluding paragraph.
2. Address main ideas in body paragraphs with a topic sentence and supporting sentences.
3. Adhere to standard rules of English grammar, punctuation, mechanics, and spelling.

1. Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

what made the civil war the first modern war?

How did it change from preserving the union to ending slavery?

The
core assignment of this course is a documented research paper
(1500-2000 words in length = approx. 6 – 8 pages double spaced, 12-point
font).

• The paper should support a thesis statement with information gained from research or investigation.
• The
  paper will not be just a report presenting information, but will be a
  paper that carefully examines and presents your own historical
  interpretation of the topic you have chosen and your interpretation of
  the information you have gathered.
• The paper may include
  consideration of problems and solutions, define key terms, or refute
  arguments against your thesis statement

Use a minimum of four sources for your paper, and at least one must be a primary source.

include a Works Cited List, and use the correct MLA documentation style.

Final Paper and Reflection

The final week’s assignment will focus on revision.

Part 1: You’ve submitted drafts of two different stories and received feedback for both from your instructor and writing group. Using that feedback, thoroughly revise your story and do your best to implement the feedback to the best of your ability. Please note that line edits or changing a couple of sentences around does not count as revision. You must significantly revise and make changes to your story in order to show that you have seriously thought about and engaged with your own writing.

Part 2: Write a 1-2 page reflection on your revision process. What did you change, and why? Why did you choose this particular story to revise? What were your feelings on the first draft? What about the workshopping process? How do you feel about this second draft? Do you feel that this second draft is working better than or not as well as the first? Why? Really dig in and discuss your experience with this process.

Attached you will find the First and Second Draft Stories which includes the feedback for both draft stories. Please let me know if you have any questions. Please provide original work. No plagiarizing.

This is part one of a two part assignment starting with an introductory look at process design and supply chains. I will need help with part 2 as well in coming weeks.

Identify a company with
which you are familiar.  This could be your place of employment, a car
wash, a yard service company, and so forth. (i.e, walmart, target, apple, restaurants)

Create an MS PowerPoint
Presentation in which you describe the current state of your selected
company’s supply chain and an identified process.

Required Elements:

• Describe the company’s supply chain
• Identify a process internal to the company that you wish to analyze.
• Describe the process internal to the company that you wish to analyze.
• Identify an appropriate design approach for the process you have chosen.
• Create a high-level AS IS process flow chart using an appropriate tool.
• Identify at least one metric to measure the process and its application (how, what, when, and who).
• Use an appropriate tool to collect data for each step of the process.
• PowerPoint includes 4-5 slides with detailed speaker notes.

**** this is for a graduate level operations management course toward MBA****