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ACC 307 Federal Taxation

Week 8 eActivity

“Property Transactions and Tax Avoidance” Please respond to the following:

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  • Ascertain at least three (3) business tax credits that business owners often overlook. Briefly outline a communication plan that the IRS can utilize to communicate such tax credit information to business owners. Provide support for your recommendation.
  • From the e-activity, identify at least three (3) general business tax credits, and describe at least two (2) conditions that could cause a recapture of a general business tax credit. Recommend at least two (2) tax-planning strategies for avoiding or reducing the recapture potential. Provide specific examples of such strategies.

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"FIRST15"

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