Fed tax
hardydemarri18
Fedtaxation.docxDiscussion 1
Please respond to the following:
· Imagine that you are an employer trying to decide whether to sponsor a “qualified” retirement plan or “nonqualified” deferred compensation plan for your employees.
· What are the tax and nontax consequences of each plan?
· Based on what you know about the different plans, what would be your justification for selecting the one you choose?
Discussion 2
Please respond to the following:
· Your clients, Henry and James, are considering buying a home. They have lived in an apartment to save money for two years and want to own their own home. In addition, they are eyeing a possible purchase of a beach house as a rental property within the next five years. They have come to you for advice about the benefits of homeownership.
· Choose a topic from the chapter related to homeownership or owning a rental home and expand on the topic by explaining the rules supporting it.
· Discuss at least one tax-related advantage of home or rental property ownership that you would share with them.
