Federal Income Tax II ACCT-3020

Please DO NOT copy from Chegg because someone wrote a wrong answer.

Research Problem 1. A client has asked you for guidance on selecting the best type of entity for her new business. Using the internet as your sole research source, prepare an outline detailing the advantages and disadvantages of the entity forms available to a sole owner. Include both tax and nontax issues in your analysis.

Research Problem 3. The deduction for qualified business income received considerable praise and criticism in the press from the time it was introduced in November 2017 to the present. Find reliable articles that explain at least two arguments for and against the QBI deduction. Explain whether you agree with these positions and why.