Business and Management : Tax

Each individual will need to choose one major provision of either the Tax Cuts & Jobs Act of 2017 or the CARES Act of 2020 and write a paper evaluating that change. This project is open book and open note and is to be completed individually. Please strive to use concepts covered in the class to evaluate the tax law change. Some ideas are Why was this provision enacted? Who were the intended beneficiaries? Is there any evidence that it…

The Tax Cuts and Jobs Act was signed on December 22, 2017 and produced some of the most significant impacts in tax law in over 30 years. In this assignment, you will use the Internet or the Strayer University Online Library (https://research.strayer.edu) to research the tax reform changes brought about by the Tax Cuts and Job Act, analyze the impact these changes have on individual tax payers, and identify related tax planning strategies. Write a three to five (3-5) page…

Part 1-Letter: On December 31 of the current year, Russell Powell got married to Denise Powell.  Denise had a daughter from a previous relationship that is currently 13 years old.  Using your understanding of the concepts in the first 3 chapters, please draft a letter to Russell and Denise and help them understand their options for which filing status to use, and whether or not they may claim Denise's daughter as a dependent on their current year tax return. Your…