The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
University,PHD
| Teaching Since: | Apr 2017 |
| Last Sign in: | 249 Weeks Ago, 4 Days Ago |
| Questions Answered: | 542 |
| Tutorials Posted: | 539 |
Electronics Engineering
New york Institute of Technology
Jan-2015 - Dec-2016
Tutor
NYIT
Jan-2015 - Present
Tutor
NYIT
Jan-2015 - Present
"Maximizing Investor Losses"Â Please respond to the following:
·        After reviewing the scenario, compare and contrast the at-risk rules and passive activity limits. Discuss the purpose for each, and suggest as least two (2) tax-planning strategies for ensuring that the IRS allows passive losses in order to reduce your tax liability. Provide support for your suggestion.
Â
·        Imagine that you are in the process of creating a new business structure and have to choose between a personal service corporation and one that is closely held. Consider the tax deductions, at-risk rules, and passive loss limitations, and recommend the type of structure that has the greatest potential to minimize your tax liability. Defend your position.
-----------