04 Jun FIS 210 Week 8 Assignment Personal Tax Strategy
Assignment: Personal Tax Strategy
• Write a 500- to 750-word paper based on your personal experiences, the readings, and research you have collected. Write your paper using first person when referring to personal experiences and opinions. Include at least three nontextbook references to complete the assignment.
• Answer the following questions in your paper:
o How is taxable income calculated?
o How are tax adjustments and deductions calculated?
o How might taxpayers reduce their taxes legally?
o In your opinion, what are the top 10 things taxpayers should do when tax planning and why?
o What resources are available to assist taxpayers with their tax-planning needs (at least six resources) and what is the value of each?
o Why is it important to have a tax-planning strategy as part of the personal financial plan?
• Write your paper according to APA standards
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