You are a CPA and a new client who is starting a small retail business with four other investors. The new client is convinced that an S corporation is the best choice because a friend who is not a CPA recommended it.
Using the Internet and Appendix A in your text, research the advantages and disadvantages of selecting S Corporation status for tax purposes. Write a formal letter to your client using Appendix A as a guide.
Write a letter of (1-2) pages in which you:
Construct a letter following the six (6) steps in the tax research process to demonstrate to your client whether selecting S corporation is more advantageous than other types of organizations that are available.
Make a recommendation to the client as to which choice of organization they should choose and provide facts to support your recommendation.
Your assignment must follow these formatting requirements:
Be typed, double-spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
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 specific course learning outcomes associated with this assignment are:
Analyze tax issues regarding corporate formations, capital structures, income tax, non-liquidating distributions, or other corporate levies.
Use technology and information resources to research issues in organizational tax research and planning.
Write clearly and concisely about organizational tax research and planning using proper writing mechanics.

  • CreatedJuly 26, 2013
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