Describe the downsizing and cost reduction program

Assignment Help Other Subject

Reference no: EM132576746

Assignment: Topic: Taxation/Letter

Type of paper: writing project

Discipline: Business and Management : Tax

Format or citation style: APA

During the current calendar year, Russell Powell was dismissed involuntarily and suddenly by his employer in a downsizing and cost reduction program. Russell was upset by the sudden turn of events, but showed resiliency:

a) He promptly updated his resume and began to search for new employment, and

b) Enrolled at Keiser University in courses to further his skills and enhance his competitiveness in his field

Having no luck finding new employment, Mr. Powell opened a self-employed consulting practice in his field.Prepare a letter to Mr. Powell with your recommendation regarding the deductibility of the education costs (tuition, books, etc) incurred after being dismissed from his previous employment and before opening his consulting practice. Your letter to Mr. Powell should summarizes the facts, issues, and conclusions in non-technical language. Don't forget your authorities, cites, etc.

The letter to Mr. Powell should be 1-2 pages with references.

Reference no: EM132576746

Questions Cloud

How many shares are outstanding after the split : What journal entry is necessary to record the split? (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Intercultural management-five stages of negotiation process : Describe the five stages of the negotiation process. Explain how the negotiation can be unsuccessful if you leave out one of the steps.

Prepare the journal entries to record the transactions : Prepare the journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered.)

What does the work title tell you about the piece : From the power points and you tubes provided, choose a favorite 20th century art style/artist and one of their works of art. In a paragraph explain the reasons

Describe the downsizing and cost reduction program : During the current calendar year, Russell Powell was dismissed involuntarily and suddenly by his employer in a downsizing and cost reduction program.

Determine sandy quarterly loan payment : Determine Sandy's quarterly loan payment. (Round your final answers to nearest whole dollar amount.) Table or calculation function PV Payment - n.

Time and schedule management : how does schedule help in time management and correlation between time management and successful project.

Post your first promed summary : Post your first ProMED Summary in this forum by end of day (CST). Please copy your summary into the message box. Also, attach the word.

What is a future contract : What is A future contract? is not exchange traded, therefore doesn't have a ready market value./ doesn't require a margin account to be established.

User Account

All Pages