S Corporation Status Accounting question, homework help

1. “S Corporation Status” Please respond to the following:

  • At
    this point in the course, you are now familiar with the different
    options a business owner has in determining the form of business to
    select. From the e-Activity, determine one (1) advantage to selecting an
    S corporation status. Provide a rationale for your advantage.
  • From
    the e-Activity, determine one (1) disadvantage to selecting an S
    corporation status. Provide support for your determination.
  • e-Activity

    • Use
      the Internet or Strayer Library to research one (1) example of an S
      corporation. Think about the reason an S corporation status was
      selected.
    2. “Exempt Organization” Please respond to the following:

    • Analyze
      the major requirements for an entity to qualify as exempt. Explain the
      manner in which these requirements help support the entity and its
      goals.
    • From the e-Activity, describe the details of the example
      that you researched, examining the key reasons why this organization
      qualifies as tax exempt. Provide support for your findings.
    3.“International Taxation” Please respond to the following:

    • From
      the e-Activity, describe the tax benefits offered in conducting
      business internationally for the corporation selected. Recommend at
      least one (1) tax benefit that the U.S. could offer corporations to
      transfer business back to the U.S. to help reduce unemployment. Provide
      support for your response.
    • Tax treaties help determine how
      income will be taxed. Identify one (1) benefit offered as a result of a
      tax treaty, and determine the manner in which this might help reduce
      taxes owed. Provide support for your response.
    4. “Tax Evasion” Please respond to the following:

    • Analyze
      the various forms of penalties that occur as a result of tax evasion.
      Share your opinion on these penalties. Recommend a way in which to
      reduce the occurrences of tax evasion in the U.S.
    • From the
      e-Activity, describe the outcome of the identified case that you
      researched. Indicate whether you agree or disagree with the punishment
      assessed. Explain your rationale.

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