Accounting homework help
Please write two pages essay (no bullet points or lists) about one of the eight topics below. You should choose the topic that interests you the most. Tell us why the topic is important. How will this new knowledge help you in your journey in the program or in your professional life? Double-spacing is permitted. Points will be awarded for accuracy, originality, length, and form. Please do not copy and paste material from the Internet. I will submit the essay to Turnitin.
Topics:
1. The tax planning process, including examples of tax planning.
2. Exclusions from taxable income, including the rationale for the exclusion.
3. Cost recovery expenses (depreciation, amortization, depletion).
4. Fiduciary income taxation.
5. Protections and recourse available to taxpayers when dealing with the IRS.
6. IRC Section 441. Using the RIA Checkpoint module, locate and summarize this tax law.
7. Hobby income and losses.
8. Taxable and nontaxable corporate distributions.