Project Two Module 7 Tax Planning
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ACC330ProjectTwoTemplate.pptx
Client Tax Position presentation
ACC 330 Project Two [Student name]
Tax Position PowerPoint Presentation / Bongo Recording
Produce a presentation using MS PowerPoint, include at least 11-15 slides. Sources should be cited according to APA style.
Record narration of your completed PowerPoint presentation using Bongo.
Introduction: Address your client directly. Tell them what you plan to show them. Explain the purpose of the presentation.
[Include Speaker Notes with your PowerPoint Presentation in the form of a PDF file.]
1
Federal tax Law Sources
Explain the federal tax law sources used in each of the prepared tax returns. Include the following:
IRC code
Tax Tables
1-2 Slides
[Include Speaker Notes with your PowerPoint Presentation in the form of a PDF file.]
2
Filing Requirements
Explain the filing requirements for the tax position taken in each of the prepared tax returns. Include the following:
filing status
qualifying dependents/relatives claimed, if applicable
1-2 Slides
[Include Speaker Notes with your PowerPoint Presentation in the form of a PDF file.]
3
Taxable & Non-Taxable Income
Taxable
NON-Taxable
Explain taxable and non-taxable income. Consider the following:(C1)
What were the taxable sources of income?
Did any of the profiles contain non-taxable income?
What qualified as non-taxable income?
How was non-taxable income reported, if applicable?
1-2 slides
[Include Speaker Notes with your PowerPoint Presentation in the form of a PDF file.]
4
Deductions
Taxable
Non-Taxable
Justify deductions taken in each of the prepared tax returns.
Discuss standard versus itemized deduction(s).
Discuss deduction(s) taken on prepared returns.
1-2 slides
[Include Speaker Notes with your PowerPoint Presentation in the form of a PDF file.]
5
Tax Credits
Evaluate tax credits applied in each of the prepared tax returns.
Discuss applicable credits taken
1-2 slides
[Include Speaker Notes with your PowerPoint Presentation in the form of a PDF file.]
6
Tax Planning Preparation
Describe client(s) profile to assist with tax planning preparations. Include the following:
High-level points from the profile(s) to determine client’s goals
Relevant factors that could impact the tax planning process
1 slide
[Include Speaker Notes with your PowerPoint Presentation in the form of a PDF file.]
7
Research
Identify research necessary to find applicable tax planning solutions for the clients in each scenario. Include the following:
Methods for assessing the client's tax situation for future tax planning
Sources applicable to tax year in question to answer tax questions for the client’s scenario
Income limitations (I.e., earned income, income thresholds)
Decisions for any dependents
1 slide
[Include Speaker Notes with your PowerPoint Presentation in the form of a PDF file.]
8
Tax Avoidance v. Tax Evasion
Describe the difference between tax avoidance and tax evasion in addressing the client(s) profile. Include the following: (C3)
Explain how tax planning can help reduce tax liability in a legal way
What would be considered tax evasion?
1 slide
[Include Speaker Notes with your PowerPoint Presentation in the form of a PDF file.]
9
Benefits of Tax Planning
Evaluate benefits of tax planning for the client(s). Include the following:
How to minimize tax liability to improve clients' future tax situation
1 slide
[Include Speaker Notes with your PowerPoint Presentation in the form of a PDF file.]
10
Recommendations
Create tax planning recommendations based on the client's profile. Include the following:
Outlined steps that will improve tax position based on each client's goals (i.e., what tax planning solutions were applicable?)
Explain how clients can do their taxes differently over the coming year to achieve their goal. (i.e., what changes could be made to implement a tax planning strategy not currently applicable?)
Examples of how clients can improve tax position for the upcoming year
2-4 slides
[Include Speaker Notes with your PowerPoint Presentation in the form of a PDF file.]
11
References
Sources should be cited in APA style.
[Include Speaker Notes with your PowerPoint Presentation in the form of a PDF file.]
12
