Evaluate the tax consequences that result from sales distributions of property for their compliance with IRS Circular 230,Internal Revenue Code,and the American Institute for Certified Public Accountants and for advising the client.

These milestones will be submitted in Modules Three, Five, Seven,and Eight.The final product will be submitted in Module Nine.In this assignment,you will demonstrate your mastery of the following course outcomes:

1. Recommend an appropriate business tax entity based on the analysis of a tax situation for achieving favorable economic impact on the client’s taxable income
2. Utilize appropriate tax forms and schedules that compute taxable income on individual tax returns and reflect versatility of thought, resulting in the best economic solution for the individual taxpayer
3. Apply accrual and cash basis accounting best practices and moral reasoning in determining when business transactions may be reported for income tax purposes
4. Assess the economic impact on taxable income for the business tax entity in relation to Internal Revenue Code and Treasury regulations and the optimum desired outcomes for the client
5. Evaluate the tax consequences that result from sales distributions of property for their compliance with IRS Circular 230,Internal Revenue Code,and the American Institute for Certified Public Accountants and for advising the client.