ACC 568 WEEK 5 DISCUSSION - 92025

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  • Posted on: Thu 25 Jun, 2015
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(PLEASE NOTE THREE DIFFRENT ANSWERS POSTED CHOOSE ONE) 1) "Tax Credit Limitations" Please respond to the following: • Based on the e-Activity, research the limits on foreign tax credits. Based on your research, propose how you would categorize tax credits for reporting purposes to IRS. • Propose how you would defend a client against an IRS audit of tax credits that were incorrectly categorized. 2) "Policy Considerations" Please respond to the following: • Congress has appointed you to head a committee to address the complexity of foreign tax credit limitation rules that currently exist. Make recommendations to simplify the rules. Support your recommendations with examples. • Based on your recommendations from above, predict the impact your recommendations would have on U.S. Treasury tax collections. Support your prediction(s) with examples.
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WEEK_5.docx
WEEK_5.docx