Strayer ACC555 (Strayer) Week 7 Assignment 2 Tax-Deductible Losses

ACC 555 (Strayer) Week 7 Assignment 2: Tax-Deductible LossesWrite a six to eight (6-8) page paper in which you:1. Research the manner in which tax-deductible losses originally became part of the U.S. Tax Code. Conclude whether or not tax-deductible losses overall are reasonable. Provide support for your conclusions.2. Suggest what you believe to be a significant tax-deductible loss. Discuss whether or not the deductibility of this loss harms other taxpayers in general. Recommend changes to this tax-deductible loss you would make that would be fairer to all taxpayers.3. Choose a type of loss that is not deductible, and argue whether these losses should continue to be disallowed, or why they should be allowed. Provide support for the rationale.More Details of the Assignment are hidden…