Memorandum To Mr Bob Jones Subject Tax Entity The appropriate tax forms have

Memorandum to mr bob jones subject tax entity the

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Memorandum To: Mr. Bob Jones Subject: Tax Entity The appropriate tax forms have been prepared to support your decision to continue to operate as a sole proprietor or to convert your business as a partnership, filing as a S corporation. Your taxes owed as a sole proprietor for the tax reporting year would be $453,264. Under a partnership with Mandy, your taxes owed would result in $274,955. While as a sole proprietor, you may receive the full income of the business, having an additional partner may help drive more revenue into the business. Also, with having your successor already in place to take over
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TAX 655 FINAL PROJECT 12 the business, you won’t need to worry about showing someone new, how your current business operates. It is my hope that you review the above and your prepared tax return forms and make the best decision for yourself and future state of the company. Please let me know how I can further assist with your tax accounting needs.
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TAX 655 FINAL PROJECT 13 References ADP. (2015). 2015 fast wage and tax facts . Retrieved from ADP.com website: %20Facts/2015FastFactsFL.ashx?la=en Anderson, K. E., Pope, T. R., & Rupert, T. J. (2016). S corporations. In K. E. Anderson, T. R. Pope, & T. J. Rupert, Prentice hall's federal taxation 2016 corporations, partnerships, estates & trusts (p. Ch. 11). Pearson custom. Anderson, K., Pope, T. R., & Rupert, T. (2016). Corporate formations and capital structure. In K. Anderson, T. R. Pope, & T. Rupert, Prentice hall's federal taxation 2016 corporations, partnerships, estates & trusts (p. Ch. 2). Pearson custom. Deedclaim. (2016). Using deeds to avoid probate of real estate in florida . Retrieved from Deedclaim website: Fidelity investments. (2016). Estate planning strategies by beneficiary . Retrieved from Fidelity investments website: - planning/beneficiary-strategies/overview Fidelity investments. (2016). Investment accounts: Transfer on death . Retrieved from Fidelity investments website: - strategies/brokerage Fidelity investments. (2016). Real estate & other valuables . Retrieved from Fidelity investments website: - other Fidelity investments. (2016). Succession planning for a business . Retrieved from Fidelity investments website: - strategies/own-business
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TAX 655 FINAL PROJECT 14 Fowler, A., Joseph, R., Hulse, D., Luna, L., & Schadewald, M. (2016). Corporate formations and capital structure. In Federal taxation 2016 corporations, partnerships, estates & trusts (p. Ch. 2). Prentice Hall. Fowler, A., Joseph, R., Hulse, D., Luna, L., & Schadewald, M. (2016). S corporations. In A. Fowler, R. Joseph, D. Hulse, L. Luna, & M. Schadewald, Federal taxation 2016 corporations, partnerships, estates & trusts (p. Ch. 11). Prentice Hall.
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  • Corporation, Taxation in the United States, Mr. Bob Jones

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