Accounting assignment due in 6 hours

Module 7: Portfolio Milestone Portfolio Milestone (100 Points) Important! Read First Choose one of the following two assignments to complete this week. Do not do both assignments. Identify your assignment choice in the title of your submission. Option #1: Corporate Tax Return Tax returns collect a great deal of information that is not directly related to the allocation of income or calculation of income tax. In this milestone, you will explore the reasons why some of this information is collected. Look at the information on Form 1120 Schedule K (the form is located in Portfolio Project Option 1, which is found in the Module 8 folder). With the exception of line 1, discuss the purpose of these questions. (You may select a sub-grouping of these questions to complete your milestone.) What are some challenges (identify three to five), both anticipated and unexpected, when completing the corporate tax return? What solutions can you provide to those challenges? Requirements: While you may include your experiences, please remember to maintain a formal tone and cite scholarly research to support your analysis. Back up your discussion with research from five scholarly sources (you may not use the course textbook to fulfill this requirement). Your analysis should be 4-5 pages in length not counting the title and reference pages, which you must include. Your milestone must be formatted according to the CSU-Global Guide to Writing and APA. Review the Milestone grading rubric, which can be accessed in the module folder, to understand how you will be assessed on this assignment. Reach out to your instructor if you have questions about the assignment Option #2: Partnership Tax Return Tax returns collect a great deal of information that is not directly related to the allocation of income or calculation of income tax. In this milestone, you will explore the reasons why some of this information is collected. Look at the information on Form 1065 Schedule B (the form is in the Portfolio Project Option 2, located in the Module 8 folder). With the exception of line 1, discuss the purpose of these questions. (You may select a sub-grouping of these questions to complete your milestones.) What are some challenges (identify three to five), both anticipated and unexpected, when completing the partnership tax return? What solutions can you provide to those challenges? Requirements: While you may include your experiences, please remember to maintain a formal tone and cite scholarly research to support your analysis. Back up your discussion with research from five scholarly sources (you may not use the course textbook to fulfill this requirement). Your analysis should be 4-5 pages in length not counting the title and reference pages, which you must include. Your milestone must be formatted according to the CSU-Global Guide to Writing and APA. Review the Milestone grading rubric in the module folder. Reach out to your instructor if you have questions about the assignment.

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