You are a manager at a local accounting firm, and Kate and Sam Smith are your clients. It is the end of the year, and they have come to ask your advice on
some tax planning strategies, as well as help preparing their tax return.
Week 1 Writing Assignment Part 1:
This project is split into four (4) parts with one (1) part due each week of the course. Based on your readings, use of technology, research of literature, and
other sources do the following:
Week 1: Early next year, Kate and Sam Smith will inherit $200,000. Kate and Sam are trying to decide how to invest this money and have asked you, their tax
accountant, to look into some potential investment opportunities. Please see the attached excel spreadsheet, where you will complete the annual after-tax
rates of return column for each investment opportunity you have identified. Include a paragraph on the spreadsheet where you list the three basic tax
planning strategies, and the features of taxation each of them exploits.