The answer to tax planning

For someone planning to start a new business, is the average or the marginal tax rate more relevant?

Please help with the following accounting problem. Provide at least 200 words in the solution. Mr. C comes to you for tax planning advice. He is considering an investment, but does not know whether to use his average (average tax rate 8%)or his marginal rate (marginal tax rate 10%) in the analysis. Advise Mr. C on this issue

Celine is going to be subject to the AMT in 2005. She owns an investment building and is considering disposing of it and investing in other realty. Based on an appraisal of the building's value, the realized gain would be $85,000. Ed has offered to purchase the building from Celine with the closing date being December 29, 2005.

Is logistics planning more important than any other type of business planning?

1) Given that the Alternative Minimum Tax can apply to all forms of businesses, what tax planning strategies do you think need to be utilized? 2) Why do you answer this way?

Please help with the following problem. In the current year, Fred Peters paid $10,000 of the business interest expense on a loan made to his son Jack, age 30, during the year. Jack was planning to file for bankruptcy and avoid making the interest payment, but Fred made the payment in order to avoid embarrassment for the fami

Tax planning can involve unbelievably complex maneuvers. Some of the strategies may be less certain than others. As a strictly opinion-type question or series of questions, consider the following. In completing any tax planning for a corporation for which you are the CFO, to what degree would you be willing to be aggressive?

2. What are some differences between public and private sector planning? Why is broad public involvement important to the public planning process? 3. What public revenue source do you consider particularly equitable and effective? Why? At what level of government does that revenue authority reside?

A key goal of tax planning is to legally minimize or defer taxes. This is done by focusing on key components of taxable income. How can timing strategies and income-shifting strategies be used to affect deductions for adjusted gross income (AGI), dependency exemptions, itemized deductions, and tax credits? Provide at least one e