Using the Internet or Strayer databases, research the rules regarding the transfer of property and services to a corporation in exchange for stock. Include a review of the IRS to determine its level of interest and audits conducted related to this area.
Write a three to four (3-4) page paper in which you:
Based on your research, determine the types and methods of transfers that will most likely trigger a taxable event for your client. Indicate how you are likely to present this information to your client.
Based on your research, evaluate which types of transfers are most likely to increase the risk of an IRS audit and the impact of the advice given to your client.
Recommend the most advantageous types and methods of property and service transfers to your client in exchange for stock to minimize any tax liability and risk of audit. Support your recommendations with examples.
This question was asked on Oct 27, 2012.
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