Phillip March 9, 2024 No Comments

BUS FPX 4065 Assessment 7 Problems

BUS FPX 4065 Assessment 7 Problems Name Capella university BUS-FPX4065 Income Tax Concepts and Strategies Prof. Name Date Problem 1 Darrel, Sissy, and Carol established a partnership. Darrel contributed equipment, Sissy contributed a building, and Carol agreed to handle all accounting and office work in exchange for a 10% interest in the partnership. a. Gain Recognition: […]

Phillip March 9, 2024 No Comments

BUS FPX 4065 Assessment 6 Applying the IRS Code

BUS FPX 4065 Assessment 6 Applying the IRS Code Name Capella university BUS-FPX4065 Income Tax Concepts and Strategies Prof. Name Date Applying the IRS Code Problem 1 Matthew contributed equipment valued at $36,000 to Construction Limited Partnership (CLP) in 2021, in exchange for a 3% limited partnership interest. His share of CLP income and losses […]

Phillip March 9, 2024 No Comments

BUS FPX 4065 Assessment 4 Itemized Deduction Schedule A

BUS FPX 4065 Assessment 4 Itemized Deduction Schedule A Name Capella university BUS-FPX4065 Income Tax Concepts and Strategies Prof. Name Date Schedule A Form: A Guide to Itemized Deductions A taxpayer employs a Schedule A form to determine whether they qualify for itemized deductions or standard deductions. The insights gleaned from the Schedule A aid […]

Phillip March 9, 2024 No Comments

BUS FPX 4065 Assessment 3 Inclusions, Exclusions and AGI

BUS FPX 4065 Assessment 3 Inclusions, Exclusions and AGI Name Capella university BUS-FPX4065 Income Tax Concepts and Strategies Prof. Name Date Completing 2021 Joint Tax Return for Mr. & Mrs. Weaver Multiple forms are necessary to accurately complete the information required for the 2021 joint tax return of Mr. & Mrs. Weaver. Various considerations, such […]

Phillip March 9, 2024 No Comments

BUS FPX 4065 Assessment 1 Tax Basics

BUS FPX 4065 Assessment 1 Tax Basics Name Capella university BUS-FPX4065 Income Tax Concepts and Strategies Prof. Name Date What is John’s Filing Status? John’s filing status is single because he is not married and does not have any dependents. Is John Required to File a Tax Return? Determine Requirements for Mandatory Filing of a […]

Phillip February 28, 2024 No Comments

BUS FPX 4065 Assessment 2 Self-Employed Business Income-Schedule C

BUS FPX 4065 Assessment 2 Self-Employed Business Income-Schedule C Name Capella university BUS-FPX4065 Income Tax Concepts and Strategies Prof. Name Date Completing IRS Schedule C: An Essential Guide To accurately compute the profit or loss from a business on IRS Schedule C, several additional forms must be completed. While most business expenses are common, some […]