GET HELP WITH YOUR ESSAY
If you need assistance with writing your essay, our professional Essay Writing Service is here to help!
The purpose of this tax research assignment is to help you develop skills in researching tax issues. Please answer both of the questions below. The final deliverable for this project will be a paper which should be
at least 2 pages of content, single-spaced,
12 point font, 1” margins.
Include references APA style (references should be listed on the third page)
The assignment is due in your Assignments Folder by 11:59 p.m. on the designated due date. Mandatory Question #1: Entities Question: Visit your state’s official Web site and review the information there related to forming and operating business entities in your state. Write a short report explaining the steps for organizing a business in your state and summarizing any tax-related information you found.
Mandatory Question #2: Partnership Question: Ashlee, Hiroki, Kate, and Albee LLC each own a 25 percent interest in Tally Industries LLC, which generates annual gross receipts of over $10 million. Ashlee, Hiroki, and Kate manage the business, but Albee LLC is a nonmanaging member. Although Tally Industries has historically been profitable, for the last three years losses have been allocated to the members. Given these facts, the members want to know whether Tally Industries can use the cash method of accounting. Why or why not?