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In the work ACC 455 Week 4 Discussion Question 4 you will find right answers on the following task: "What are separately stated items on a K-1? Why is it necessary to separate these items from ordinary income?"
Business - Accounting
Sue and Bill plan to open an accounting firm and expect to work full time in the firm. They expect to incur a small loss during their first year of operation and expect to be profitable after the first year. What are the tax law requirements for structuring the business as a partnership or an S corporation? Which would you recommend and why?
You should seriously think about taking your required courses at a local community college. This will save you some money. Make sure you can transfer credits to the college you want to attend later, though. This is something to think about if you can't afford a four-year college right now....
