Description
Module 1: Critical Thinking
CRITICAL THINKING ASSIGNMENT (70 Points)
Important! Read First
Choose one of the following two assignments to complete this week. Do not complete both assignments. Identify your assignment choice in the title of your submission.
Note that while there are two options for the Critical Thinking assignment, there is only one rubric. Review the rubric to confirm you are meeting the assignment requirements.
Option 1: Tax Research and Tax Authority
Prepare a 3- to 5-page research paper on how to do fundamental tax research. Your paper should include:
1. Your rationale for the need for tax research
2. The different types and levels of authority
3. The fundamental steps required to conduct tax research
Your submission should be in MS Word and formatted according to the CSU-Global Guide to Writing & APA. It is strongly recommended that you use academic journals as your primary sources of research.
You can obtain such literature from CSU-Global Library using ABI/INFORM. Use key terms such as “LLC,” "Taxation,” etc., and limit your search to scholarly literature. You can also use Google Scholar and www.ssrn.com.
Review the grading rubric to understand how you will be graded on this assignment. Reach out to your instructor if you have questions about the assignment.
Option 2: Tax Planning
Prepare a 3- to 5-page research paper on the fundamentals of tax planning. Your paper should include:
1. A comprehensive list of steps in the tax planning process. Make sure that each step is supported by a reference to recent (5 years or less) literature.
2. Your opinion on how this course will enable you to become a (better) tax planner.
Your submission should be in MS Word and formatted according to the CSU-Global Guide to Writing & APA. You may use online sources in the particular project in addition to academic literature.
You can obtain such literature from CSU-Global Library using ABI/INFORM. Use key terms such as “LLC,” "Taxation,” etc., and limit your search to scholarly literature. You can also use Google Scholar and www.ssrn.com.
Review the grading rubric to understand how you will be graded on this assignment. Reach out to your instructor if you have questions about the assignment.
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Explanation & Answer
Attached.
o Rationale for tax research
o Types and levels of tax authority
o Fundamental steps for conducting tax research
Running Head: TAX RESEARCH AND TAX AUTHORITY
Tax Research and Tax Authority
Name
Institution
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TAX RESEARCH AND TAX AUTHORITY
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Tax Research and Tax Authority
Rationale for tax research
Tax research requires the researcher to first describe the parameters of their specific search
area and then define all the potential challenges that the area is faced with. Different tax researchers
use a different approach depending on the search query and their capability to conduct an elaborate
tax research. As pointed out herein, the first reason for conducting tax research is to identify the
tax authorities involved. Understanding the variety and number of tax authorities involved enables
the researcher to understand how they operate. This is important in ensuring tax compliance. In
addition, understanding how and which tax authorities serve a particular jurisdiction forms the
basis of understanding and distinguishing facts from the legal framework with respect to the
application of the tax principles.
Tax research is necessitated by the desire to gain a thorough understanding of the different
tax languages used by different agencies, whether governmental or non-governmental (Hanlon and
Heitzman, 2010). One can...
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