Hi everyone, I need some help with my paper for Tax Class, here what the assignment looks like:
The purpose of this tax research assignment is to help you develop skills in researching tax issues. Please answer both of the questions below. The final deliverable for this project will be a written memo which should be at least 2 pages double-spaced, 12 point font, 1â margins. The assignment is due in your Assignments Folder by 11:59 p.m. on the designated due date.
Mandatory Question #2:
Partnership Question: Ashlee, Hiroki, Kate, and Albee LLC each own a 25 percent interest in Tally Industries LLC, which generates annual gross receipts of over $10 million. Ashlee, Hiroki, and Kate manage the business, but Albee LLC is a nonmanaging member. Although Tally Industries has historically been profitable, for the last three years losses have been allocated to the members. Given these facts, the members want to know whether Tally Industries can use the cash method of accounting. Why or why not?
Thank you in advance.
Hi everyone, I need some help with my paper for Tax Class, here what the assignment looks like:
The purpose of this tax research assignment is to help you develop skills in researching tax issues. Please answer both of the questions below. The final deliverable for this project will be a written memo which should be at least 2 pages double-spaced, 12 point font, 1â margins. The assignment is due in your Assignments Folder by 11:59 p.m. on the designated due date.
Mandatory Question #2:
Partnership Question: Ashlee, Hiroki, Kate, and Albee LLC each own a 25 percent interest in Tally Industries LLC, which generates annual gross receipts of over $10 million. Ashlee, Hiroki, and Kate manage the business, but Albee LLC is a nonmanaging member. Although Tally Industries has historically been profitable, for the last three years losses have been allocated to the members. Given these facts, the members want to know whether Tally Industries can use the cash method of accounting. Why or why not?
Thank you in advance.
