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TAX 655 4-2 Final Project Milestone Two: Tax Effects and Ownership Interest

Instructions

Submit a draft explaining the tax effects of salaries if cash is withdrawn from a business. You must also explain the tax consequences of paying the owners based on the selected business entity, as well as the tax consequences for each individual's personal tax returns. This assignment will address Section I, Parts D and E of the final project's critical elements.


For additional details, please refer to the Final Project Guidelines and Rubric document and the Milestone Two Guidelines and Rubric document.

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