STRAYER ACC565 Week 1 AND WEEK 2 DISCUSSIONS

WEEK 1″Interpreting Tax Research and Tax Representation Guidelines” Please respond to the following:
From the e-Activity, evaluate the importance of the principal issue
litigated in the case in question using the tax research steps outlined
in Appendix A of your text.Compare the American Institute of CPAs’ (AICPA) Statements on Tax
Standards (SSTS) and the Treasury Department Circular 230 rules to
practice before the Internal Revenue Service (IRS). Suggest which
document creates better guidance in the preparation of tax returns and
written advice provided to taxpayers.WEEK 2
“Transfers to Controlled Corporations and Related Party Losses” Based on the lecture, address the following:
Create a scenario where the transfer of property to a controlled
corporation under Section 351 of the Internal Revenue Code (IRC) results
in the taxation to the transferor. Evaluate the fairness of the
taxation of the transaction to the transferor. Provide a tax-planning
strategy to prevent taxation of similar transfers.Section 267 of the IRC disallows a deduction on losses realized on
the sale of property and a deduction for accrued expenses between a
corporation and a controlling shareholder. Generally Accepted Accounting
Principles (GAAP) does not include this disallowance provision. Create
an argument for allowing a loss on a sales transaction between a
controlled corporation and shareholder when the transaction includes an
independent appraisal and the loss is similar to losses incurred in
arm’s length transactions. Provide an example of allowing such loss to
support your argument.