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Week 3 writing assignment – part 3 | Corporate business and Trust Tax
This week’s assignment is to complete Part 3 of the portfolio project and to submit the final versions of Part 1 and Part 2 of the project for a completed Portfolio Project.Please prepare a hypothetical tax calculation based on the different type of entities given the same amount of taxable income.
- What would the client tax liability look like if the entity was a C Corp, an S Corp, or a sole proprietorship?
- Prepare a hypothetical tax return, using software, as either a C or S Corp based on your determination of which would be better for this client.