You are a manager at a local accounting firm, and Vanessa and Enrique Sevilla are your clients. It's the end of the year, and they've come to ask for your advice on some tax planning strategies, as well as help prepare their taxes.

This project is divided into four (4) parts, delivering one (1) part each week of the course. Based on their reading, using technology, literature, and other sources, they do the following:

Part 1: Early next year, Vanessa and Enrique Sevilla will inherit $200,000. Vanessa and Enrique are trying to decide how to invest this money and have asked you, their tax accountant, to investigate some possible investment opportunities. Please refer to the attached Excel spreadsheet, where you will fill in the column for annual after-tax rates of return for each investment opportunity you have identified. Include a paragraph in your spreadsheet listing the three basic tax planning strategies and the tax features each exploits.

Week 1: Submit a document that includes 2 possible investment instruments and their effect on the Sevilla family's contributions.