You will submit a draft of your taxplanning proposal and str

You Are Eligible For 15% Discount This Month!

You will submit a draft of your taxplanning proposal and strategic plan recommendation regarding the client’sestate. You must also address the tax effects of selling the business prior tothe death of the founder. Specifically, the following critical elements must beaddressed:Memorandum* Create a detailed tax planning proposal explaining how theclient’s family can experience tax savings should the client pass away. Citerelevant governing rules and regulations. * Illustrate a strategic plan that addresses the need for awill in handling the estate. Detail what happens to the business, land, andinvestments consistent with tax codes and regulations. Consider extending theplan to address the client’s estate tax, trust, and charitable contributions whileminimizing estate tax. * Recommend estate planning strategies consistent with taxcodes and regulations for the purpose of reducing the taxable estate. Be sureto include gifting property to heirs in your response.* Illustrate the best course of action if the client decidesto leave the business in three years. Provide some advice to him should hedecide to gift the business to his daughter or transfer the assets or commonstock to her, depending on the business entity you have selected.* Illustrate the best course of action if the client wishes tosell the business. Consider the tax consequences with regard to capital gainsand losses, ordinary income issues, and selling an existing operating business.Guidelines for Submission:Your paper must be submitted as a 2–3-pagesMicrosoft Word document with double spacing, 12-point Times New Roman font, one-inchmargins, and at least three sources cited in APA format.

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