Brooke Bruce, M.D.: How Income and Losses from Small Business Entities are Reported and Reflected on the Owners’ Individual Returns
Gill, S. L., Oestreich, N.
Type of Research
2014, Before July
Learning and pedagogical research contributions
Salt Lake City
This paper presents an approach using tax returns of the small business entities and the individual tax return of a common owner to illustrate the compliance process, and more importantly, the distribution of tax burdens. The students are required to prepare portions of a partnership, S Corp and corporate returns. All of which provide information that feeds into an individual return. The tax return exercise can be enriched by having students make observations and analytical questions to help meet learning objectives.