Taxation

Greg Horne (431 Maple Avenue, Cincinnati, OH 45229), a syndicated radio talk show host, earns an annual salary of $400,000. He works approximately 30 hours per week in this job, which leaves him time to participate in several businesses newly acquired in 2010. He owns a movie theater and a drugstore in Cincinnati, a movie theater and a drugstore in Indianapolis, and a drugstore in Louisville. A preliminary analysis on December 1, 2010, shows the following projected income and losses and time spent for these various businesses. Greg has full-time employees in each of the five businesses.

Write a letter to Greg suggesting a grouping method and other strategies that will provide the greatest tax advantage. As Greg is not knowledgeable about tax law, provide a nontechnical explanation.

Don't use plagiarized sources. Get Your Custom Essay on
Taxation
Just from $13/Page
Order Essay
Place Order
Grab A 14% Discount on This Paper
Pages (550 words)
Approximate price: -
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Try it now!

Grab A 14% Discount on This Paper

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.