Assignment 2: Tax Reform

Assignment 2: Tax Reform
Assume that you are the Director of the Internal Revenue Service. Congress has tasked you with developing changes to the U.S.
tax code.
Write a three to four (3-4) page paper in which you:
1.
Evaluate the effectiveness of the U.S. Congress oversight of the U.S. Tax Code and whether or not you support the current
code structure or believe in tax reform. Support your position.
2.
Prioritize two (2) major changes required to the code that would be most beneficial to the most taxpayers and explain how
each would be beneficial.
3.
Assume that the current U.S. tax code is simplified to a flat tax structure. Predict the impact to the accounting profession in
the U.S.
4.
Select an industrialized country and identify two (2) significant differences in the tax laws and the related impact to the
country’s economy.
5.
Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as
academic resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow
APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and
the date. The cover page and the reference page are not included in the required page length.
The specific course learning outcomes associated with this assignment are:
Demonstrate knowledge of the concepts, rules, and methodologies’ application to federal taxation and the ability to apply
them to individuals.
Demonstrate knowledge of the concepts, rules, and methodologies’ application to federal taxation and the ability to apply
them to corporations.
Use technology and information resources to research issues in business law and tax. Write clearly and concisely about
business law and tax using proper writing mechanics.
Grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing skills, using
the following rubric.