M o d u l e 1 D i
s c u s s i o n
Read the AICPA “Statements on Standards for Tax Services”
summarized in Chapter 1 under the ‘Tax Practice, Ethical Guidelines’ section of
your text book. Discuss how you think this statement aligns with the Saint Leo
University core value of integrity.
M o d u l e 2 D i
s c u s s i o n
For this week’s discussion, respond to each of the
following:
There are two classes of deductions, Deductions for AGI and
Deductions from AGI.
1.Discuss the differences between these two classifications
and the types of deductions in each classification.
2.Explain which deductions are more advantageous for your
tax return.
M o d u l e 3 D i
s c u s s i o n
Of the items specifically excluded from gross income (see
exhibit 5.1 in your textbook) which one do you feel should NOT be excluded.
DEFEND YOUR RESPONSE.
M o d u l e 4 D i
s c u s s i o n
The Internal Revenue Code specifies that a business expense
must be ordinary and necessary and also reasonable in amount.
Discuss the meanings of these terms and provide real world
examples.
M o d u l e 5 D i
s c u s s i o n
For this week’s discussion, respond to EACH of the
following:
1.
Discuss the difference between half-year,
mid-quarter, and mid-month conventions.
2.
What type of asset falls into each category?
3.
Why do YOU think the IRS code has these
different categories?
M o d u l e 6 D i
s c u s s i o n
For this week’s discussion, respond to EACH of the
following:
1. Are
itemized deductions equitable? Explain.
2. Is it
fair for some individuals to be able to take an itemized deduction while others
cannot? Explain
M o d u l e 7 D i
s c u s s i o n
For this week’s discussion, respond to EACH of the
following:
1. Discuss the exclusions related to the gain on the sale of
a personal residence.
2. Do you feel that this provision is equitable? Explain
your reasoning.
M o d u l e 8 D i
s c u s s i o n
For this week’s discussion, respond to EACH of the
following:
1. Why do you think that we have separate reporting of
capital gains and capital losses?
2. Discuss the equity of these regulations.
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