Acc 565 Week 10 Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax

In: Other Topics

Submitted By Aleenfatima
Words 416
Pages 2
ACC 565 Week 10 Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax

IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download

http://hwnerd.com/ACC-565-Week-10-Assignment-4-Tax-Planning-Client-Letter-5391112.htm?categoryId=-1

If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com

Due Week 10 and worth 150 points
Suppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his two (2) grandchildren. He wants the income from the trust paid to the children for 20 years and the principal distributed to the children at the end of 20 years.
Use the Internet and Strayer databases to research the rules regarding irrevocable trusts, gift tax, and estate tax. Be sure to use the six (6) step tax research process in Chapter 1 and demonstrated in Appendix A of your textbook as a guide for your written response.
Write a one to two (1-2) page letter in which you:
• Analyze the effect of an irrevocable trust on the gift tax and future estate taxes.
• Suggest other significant alternatives that the client could use both to reduce estate tax and to maximize potential advantages of the payment of gift taxes on transfers of property.
• Use the six (6) step tax research process, located in Chapter 1 and demonstrated in Appendix A of the textbook, to record your research for communications to the client.
Your assignment must follow these formatting requirements:
• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the…...

Similar Documents

Acc 565 Week 10 Assignment 4

...ACC 565 Week 10 Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://hwnerd.com/ACC-565-Week-10-Assignment-4-Tax-Planning-Client-Letter-5391112.htm?categoryId=-1 If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com Due Week 10 and worth 150 points Suppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his two (2) grandchildren. He wants the income from the trust paid to the children for 20 years and the principal distributed to the children at the end of 20 years. Use the Internet and Strayer databases to research the rules regarding irrevocable trusts, gift tax, and estate tax. Be sure to use the six (6) step tax research process in Chapter 1 and demonstrated in Appendix A of your textbook as a guide for your written response. Write a one to two (1-2) page letter in which you: • Analyze the effect of an irrevocable trust on the gift tax and future estate taxes. • Suggest other significant alternatives that the client could use both to reduce estate tax and to maximize potential advantages of the payment of gift taxes on transfers of property. • Use the six (6) step tax research process, located in Chapter 1 and demonstrated in Appendix A of the textbook, to record your research for communications to the client. Your assignment must follow these formatting......

Words: 416 - Pages: 2

Acc 565 Week 10 Assignment 4

...ACC 565 Week 10 Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://hwnerd.com/ACC-565-Week-10-Assignment-4-Tax-Planning-Client-Letter-5391112.htm?categoryId=-1 If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com Due Week 10 and worth 150 points Suppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his two (2) grandchildren. He wants the income from the trust paid to the children for 20 years and the principal distributed to the children at the end of 20 years. Use the Internet and Strayer databases to research the rules regarding irrevocable trusts, gift tax, and estate tax. Be sure to use the six (6) step tax research process in Chapter 1 and demonstrated in Appendix A of your textbook as a guide for your written response. Write a one to two (1-2) page letter in which you: • Analyze the effect of an irrevocable trust on the gift tax and future estate taxes. • Suggest other significant alternatives that the client could use both to reduce estate tax and to maximize potential advantages of the payment of gift taxes on transfers of property. • Use the six (6) step tax research process, located in Chapter 1 and demonstrated in Appendix A of the textbook, to record your research for communications to the client. Your assignment must follow these formatting......

Words: 416 - Pages: 2

Acc 565 Week 10 Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax

...ACC 565 Week 10 Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://hwnerd.com/ACC-565-Week-10-Assignment-4-Tax-Planning-Client-Letter-5391112.htm?categoryId=-1 If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com Due Week 10 and worth 150 points Suppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his two (2) grandchildren. He wants the income from the trust paid to the children for 20 years and the principal distributed to the children at the end of 20 years. Use the Internet and Strayer databases to research the rules regarding irrevocable trusts, gift tax, and estate tax. Be sure to use the six (6) step tax research process in Chapter 1 and demonstrated in Appendix A of your textbook as a guide for your written response. Write a one to two (1-2) page letter in which you: • Analyze the effect of an irrevocable trust on the gift tax and future estate taxes. • Suggest other significant alternatives that the client could use both to reduce estate tax and to maximize potential advantages of the payment of gift taxes on transfers of property. • Use the six (6) step tax research process, located in Chapter 1 and demonstrated in Appendix A of the textbook, to record your research for communications to the client. Your assignment must follow these formatting......

Words: 416 - Pages: 2

Acc 565 Week 10 Assignment 4

...ACC 565 Week 10 Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://hwnerd.com/ACC-565-Week-10-Assignment-4-Tax-Planning-Client-Letter-5391112.htm?categoryId=-1 If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com Due Week 10 and worth 150 points Suppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his two (2) grandchildren. He wants the income from the trust paid to the children for 20 years and the principal distributed to the children at the end of 20 years. Use the Internet and Strayer databases to research the rules regarding irrevocable trusts, gift tax, and estate tax. Be sure to use the six (6) step tax research process in Chapter 1 and demonstrated in Appendix A of your textbook as a guide for your written response. Write a one to two (1-2) page letter in which you: • Analyze the effect of an irrevocable trust on the gift tax and future estate taxes. • Suggest other significant alternatives that the client could use both to reduce estate tax and to maximize potential advantages of the payment of gift taxes on transfers of property. • Use the six (6) step tax research process, located in Chapter 1 and demonstrated in Appendix A of the textbook, to record your research for communications to the client. Your assignment must follow these formatting......

Words: 416 - Pages: 2

Acc 565 Week 10 Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax

...ACC 565 Week 10 Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://hwnerd.com/ACC-565-Week-10-Assignment-4-Tax-Planning-Client-Letter-5391112.htm?categoryId=-1 If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com Due Week 10 and worth 150 points Suppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his two (2) grandchildren. He wants the income from the trust paid to the children for 20 years and the principal distributed to the children at the end of 20 years. Use the Internet and Strayer databases to research the rules regarding irrevocable trusts, gift tax, and estate tax. Be sure to use the six (6) step tax research process in Chapter 1 and demonstrated in Appendix A of your textbook as a guide for your written response. Write a one to two (1-2) page letter in which you: • Analyze the effect of an irrevocable trust on the gift tax and future estate taxes. • Suggest other significant alternatives that the client could use both to reduce estate tax and to maximize potential advantages of the payment of gift taxes on transfers of property. • Use the six (6) step tax research process, located in Chapter 1 and demonstrated in Appendix A of the textbook, to record your research for communications to the client. Your assignment must follow these formatting......

Words: 416 - Pages: 2

Acc 565 Week 10 Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax

...ACC 565 Week 10 Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://hwnerd.com/ACC-565-Week-10-Assignment-4-Tax-Planning-Client-Letter-5391112.htm?categoryId=-1 If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com Due Week 10 and worth 150 points Suppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his two (2) grandchildren. He wants the income from the trust paid to the children for 20 years and the principal distributed to the children at the end of 20 years. Use the Internet and Strayer databases to research the rules regarding irrevocable trusts, gift tax, and estate tax. Be sure to use the six (6) step tax research process in Chapter 1 and demonstrated in Appendix A of your textbook as a guide for your written response. Write a one to two (1-2) page letter in which you: • Analyze the effect of an irrevocable trust on the gift tax and future estate taxes. • Suggest other significant alternatives that the client could use both to reduce estate tax and to maximize potential advantages of the payment of gift taxes on transfers of property. • Use the six (6) step tax research process, located in Chapter 1 and demonstrated in Appendix A of the textbook, to record your research for communications to the client. Your assignment must follow these formatting......

Words: 416 - Pages: 2

Acc 565 Week 10 Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax

...ACC 565 Week 10 Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://hwnerd.com/ACC-565-Week-10-Assignment-4-Tax-Planning-Client-Letter-5391112.htm?categoryId=-1 If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com Due Week 10 and worth 150 points Suppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his two (2) grandchildren. He wants the income from the trust paid to the children for 20 years and the principal distributed to the children at the end of 20 years. Use the Internet and Strayer databases to research the rules regarding irrevocable trusts, gift tax, and estate tax. Be sure to use the six (6) step tax research process in Chapter 1 and demonstrated in Appendix A of your textbook as a guide for your written response. Write a one to two (1-2) page letter in which you: • Analyze the effect of an irrevocable trust on the gift tax and future estate taxes. • Suggest other significant alternatives that the client could use both to reduce estate tax and to maximize potential advantages of the payment of gift taxes on transfers of property. • Use the six (6) step tax research process, located in Chapter 1 and demonstrated in Appendix A of the textbook, to record your research for communications to the client. Your assignment must follow these formatting......

Words: 416 - Pages: 2

Acc 565 Week 10 Assignment 4

...ACC 565 WEEK 10 ASSIGNMENT 4 To buy this click here http://www.coursehomework.com/product/acc-565-week-10-assignment-4/ Contact us :+1 315-750-4434, help@coursehomework.com ACC 565 WEEK 10 ASSIGNMENT 4: TAX-PLANNING CLIENT LETTER ON IRREVOCABLE TRUSTS, GIFT TAX, AND ESTATE TAX Due Week 10 and worth 150 points Suppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his two (2) grandchildren. He wants the income from the trust paid to the children for 20 years and the principal distributed to the children at the end of 20 years. Use the Internet and Strayer databases to research the rules regarding irrevocable trusts, gift tax, and estate tax. Be sure to use the six (6) step tax research process in Chapter 1 and demonstrated in Appendix A of your textbook as a guide for your written response. Write a one to two (1-2) page letter in which you: Analyze the effect of an irrevocable trust on the gift tax and future estate taxes. Suggest other significant alternatives that the client could use both to reduce estate tax and to maximize potential advantages of the payment of gift taxes on transfers of property. Use the six (6) step tax research process, located in Chapter 1 and demonstrated in Appendix A of the textbook, to record your research for communications to the client. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with...

Words: 403 - Pages: 2

Acc 565 Week 10 Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax

...ACC 565 Week 10 Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax Click below link for Answer http://workbank247.com/q/acc-565-week-10-assignment-4-tax-planning-client-l/11288 http://workbank247.com/q/acc-565-week-10-assignment-4-tax-planning-client-l/11288 Due Week 10 and worth 150 points Suppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his two (2) grandchildren. He wants the income from the trust paid to the children for 20 years and the principal distributed to the children at the end of 20 years. Use the Internet and Strayer databases to research the rules regarding irrevocable trusts, gift tax, and estate tax. Be sure to use the six (6) step tax research process in Chapter 1 and demonstrated in Appendix A of your textbook as a guide for your written response. Write a one to two (1-2) page letter in which you: 1. Analyze the effect of an irrevocable trust on the gift tax and future estate taxes. 2. Suggest other significant alternatives that the client could use both to reduce estate tax and to maximize potential advantages of the payment of gift taxes on transfers of property. 3. Use the six (6) step tax research process, located in Chapter 1 and demonstrated in Appendix A of the textbook, to record your research for communications to the client. Your assignment must follow these formatting requirements: • Be typed, double spaced, using Times New...

Words: 1108 - Pages: 5

Acc 565 Week 10 Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax

...ACC 565 Week 10 Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://hwnerd.com/ACC-565-Week-10-Assignment-4-Tax-Planning-Client-Letter-5391112.htm?categoryId=-1 If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com Due Week 10 and worth 150 points Suppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his two (2) grandchildren. He wants the income from the trust paid to the children for 20 years and the principal distributed to the children at the end of 20 years. Use the Internet and Strayer databases to research the rules regarding irrevocable trusts, gift tax, and estate tax. Be sure to use the six (6) step tax research process in Chapter 1 and demonstrated in Appendix A of your textbook as a guide for your written response. Write a one to two (1-2) page letter in which you: • Analyze the effect of an irrevocable trust on the gift tax and future estate taxes. • Suggest other significant alternatives that the client could use both to reduce estate tax and to maximize potential advantages of the payment of gift taxes on transfers of property. • Use the six (6) step tax research process, located in Chapter 1 and demonstrated in Appendix A of the textbook, to record your research for communications to the client. Your assignment must follow these formatting......

Words: 416 - Pages: 2

Acc 565 Week 10 Assignment 4

...A++PAPER;http://www.homeworkproviders.com/shop/acc-565-week-10-assignment-4/ ACC 565 WEEK 10 ASSIGNMENT 4 Due Week 10 and worth 150 points Suppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his two (2) grandchildren. He wants the income from the trust paid to the children for 20 years and the principal distributed to the children at the end of 20 years. Use the Internet and Strayer databases to research the rules regarding irrevocable trusts, gift tax, and estate tax. Be sure to use the six (6) step tax research process in Chapter 1 and demonstrated in Appendix A of your textbook as a guide for your written response. Write a one to two (1-2) page letter in which you: Analyze the effect of an irrevocable trust on the gift tax and future estate taxes. Suggest other significant alternatives that the client could use both to reduce estate tax and to maximize potential advantages of the payment of gift taxes on transfers of property. Use the six (6) step tax research process, located in Chapter 1 and demonstrated in Appendix A of the textbook, to record your research for communications to the client. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover......

Words: 373 - Pages: 2

Acc 565 Week 10 Assignment 4

...ACC 565 WEEK 10 ASSIGNMENT 4 A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=week-10-assignment-4 Visit Our website: http://hwsoloutions.com/ Product Description ACC 565 WEEK 10 ASSIGNMENT 4, Dear Mr. ZSE, I hope you are doing well. As per our last meeting in which you had mentioned about forming a trust for your grandchildren and your confusion about it, I am writing this letter to you to inform you about certain things. I hope by the end of this letter, you will be able to find solution to your query. Some Common Facts The trust you had shown interest in was irrevocable trust so I will brief you about it by presenting some facts related to it. In irrevocable trust, the person forming the trust loses his ownership interest in the assets he aims to transfer to another party. The generator of the trust also loses the chance of revoking the trust provisions before finalizing it in an irrevocable trust. This makes irrevocable trust different from revocable trust along with other factors. You will not be able to reverse the provisions of this trust once they are decided. On the other hand, you will be able to transfer as much of your assets to your grandchildren as you like given that the trust have no limitation on that. This will enable you to save yourself from taxes on property. Irrevocable trust will also enable you to transfer $5 million to your grandchildren in future and this will be exempted from tax. You may also transfer up to $14000......

Words: 292 - Pages: 2

Estate & Gift Tax

...Estate and Gift Tax Outline Repetti Fall 2013 Boston College Law School Casebook: Federal Wealth Transfer Taxation, 6th Edition Table of Contents Filing Returns 3 Gift Tax: 3 Estate Tax: 3 Generation-Skipping Tax: 3 Statutes of Limitations, Interest, Penalties: 3 Computation of the Estate and Gift Tax 3 General Description of Gift Tax: 4 General Description of the Estate Tax: 4 Role of State Law 4 Scope of the Estate Tax 5 Beneficial Ownership and § 2033: 5 Interests Arising at Death 5 “Property” versus “Expectancy” 6 Bank Deposits, Checks, and Notes 6 Right to Accrued Payments 7 The Scope of the Gift Tax: §§ 2501 and 2511 7 Is There a “Transfer” of “Property?” 7 Interest-Free Loans and Rent-Free Use of Other Assets 8 When is the Transfer “Completed?” 8 Transferred Interest Incapable of Valuation 9 Indirect Transfers 10 What is a “Gift”? 10 Donative Intent and “Adequate and Full Consideration” 10 Transfers of Property in Satisfaction of Marital Rights 11 Dower and Curtesy Interests in the Gross Estate 11 Marital Rights as Consideration 11 Transfers Incident to Separation and Divorce 12 Transfers with Retained Powers and Rights 13 Transfers with Retained Life Estates: § 2036 13 Reciprocal Trusts 14 Retention of Right to Income from Property: § 2036(a)(1) 14 Retention of Possession or Enjoyment of the Property: §§ 2036(a)(1) and 2036(b) 14 Retention of Power to Designate Who Shall Possess or Enjoy the......

Words: 31030 - Pages: 125

Acc 565 Week 10 Assignment 4

...ACC 565 WEEK 10 ASSIGNMENT 4 To purchase this tutorial visit here: http://mindsblow.us/question_des/ACC565WEEK10ASSIGNMENT4/531 contact us at: help@mindblows.us ACC 565 WEEK 10 ASSIGNMENT 4 Due Week 10 and worth 150 points Suppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his two (2) grandchildren. He wants the income from the trust paid to the children for 20 years and the principal distributed to the children at the end of 20 years. Use the Internet and Strayer databases to research the rules regarding irrevocable trusts, gift tax, and estate tax. Be sure to use the six (6) step tax research process in Chapter 1 and demonstrated in Appendix A of your textbook as a guide for your written response. Write a one to two (1-2) page letter in which you: 1. Analyze the effect of an irrevocable trust on the gift tax and future estate taxes. 2. Suggest other significant alternatives that the client could use both to reduce estate tax and to maximize potential advantages of the payment of gift taxes on transfers of property. 3. Use the six (6) step tax research process, located in Chapter 1 and demonstrated in Appendix A of the textbook, to record your research for communications to the client. Your assignment must follow these formatting requirements: • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific......

Words: 771 - Pages: 4

Acc 565 Week 10 Assignment 4

...ACC 565 WEEK 10 ASSIGNMENT 4 TO purchase this tutorial visit following link: http://wiseamerican.us/product/acc-564-week-11-final-exam/ Contact us at: SUPPORT@WISEAMERICAN.US ACC 565 WEEK 10 ASSIGNMENT 4 Due Week 10 and worth 150 points Suppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his two (2) grandchildren. He wants the income from the trust paid to the children for 20 years and the principal distributed to the children at the end of 20 years. Use the Internet and Strayer databases to research the rules regarding irrevocable trusts, gift tax, and estate tax. Be sure to use the six (6) step tax research process in Chapter 1 and demonstrated in Appendix A of your textbook as a guide for your written response. Write a one to two (1-2) page letter in which you: 1. Analyze the effect of an irrevocable trust on the gift tax and future estate taxes. 2. Suggest other significant alternatives that the client could use both to reduce estate tax and to maximize potential advantages of the payment of gift taxes on transfers of property. 3. Use the six (6) step tax research process, located in Chapter 1 and demonstrated in Appendix A of the textbook, to record your research for communications to the client. Your assignment must follow these formatting requirements: • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or......

Words: 392 - Pages: 2