TAX660 SNHU Evaluating Accelerated Deductions & Deferred Income Discussion
1-1 Discussion: Evaluating Accelerated Deductions and Deferred IncomeDiscussion Topic
For
this discussion, you will evaluate the pros and cons of accelerating
deductions and deferring income, and the ethical considerations
associated with these practices. You will also differentiate between
financial and taxable income.
No single tax strategy can be
universally applied. Furthermore, all strategies require careful
attention to ethical considerations. Recognizing the pros and cons
associated with specific strategies helps you know when and how to apply
them.
For this discussion, first read the assigned chapters in
the textbook. Then, in your initial post, introduce yourself to your
instructor and peers. Tell us a bit about yourself, your background
and/or interest in tax factors in business decisions, and what you hope
to get from this course.
Next, describe the differences between
financial and taxable income, and discuss the pros and cons of
accelerating deductions and deferring income. What are the ethical
considerations of adopting these practices?
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