Assignment 1: Organization Forms and Taxation There are several forms of business organizations. The Internal Revenue Code (IRC) taxes different forms in different ways. The tax implications can sometimes be important enough to determine the choice of the form. Based on your readings for the module, respond to the following: * Describe the tax treatments of regular (or C) corporations, S corporations, and limited liability companies (LLCs). * Compare the tax treatments to identify the similarities and differences. * From the organization’s point of view, what are the implications of the different tax treatments? Write your initial response in 3–4 paragraphs. By the due date assigned, submit your responses to the appropriate Discussion Area. Use the same Discussion Area to comment on your classmates’ submissions and continue the discussion until through the end of the module. Comment on how your classmates would address differing views. Discussion Grading Table Maximum Points Quality of initial posting, including fulfillment of assignment instructions 16 Quality of responses to classmates 12 Frequency of responses to classmates 4 Reference to supporting readings and other materials 4 Language and grammar 4 Total: 40
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