Write a six to eight (6-8) page paper in which youResearch

Write a six to eight (6-8) page paper in which you:Research the manner in which tax-deductible losses originally became part of the U.S. Tax Code. Conclude whether or not tax-deductible losses overall are reasonable. Provide support for your conclusions.Suggest what you believe to be a significant tax-deductible loss. Discuss whether or not the deductibility of this loss harms other taxpayers in general. Recommend changes to this tax-deductible loss you would make that would be fairer to all taxpayers.Choose one (1) type of loss that is not deductible, and argue whether this kind of loss should continue to be disallowed, or why it should be allowed. Provide support for the rationale.Propose an alternative to loss deductions that would be fair to all taxpayers and support the financial needs of the federal government. Indicate substantive ways in which your recommendation would achieve fairness to taxpayers and the United States Treasury. Research recent IRS audit activities related to loss deductions to determine the most frequent types of losses that would most likely trigger an IRS audit. Propose a strategy that you would use to defend a client facing an IRS challenge on loss deductions.Use at least three (3) quality references. Note: Wikipedia and other Websites do not qualify as academic resources.Your assignment must follow these formatting requirements:Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.The specific course learning outcomes associated with this assignment are:Conduct basic tax research and tax planning on individual federal taxation issues.Determine how to minimize individual income tax within specific risk and legal parameters.Analyze the inclusions and exclusions of gross income.Analyze deductions for and from adjusted gross income.Use technology and information resources to research issues in tax research and planning.Write clearly and concisely about tax research and planning using proper writing mechanics.Points: 280Assignment 2: Tax-Deductible LossesCriteriaUnacceptableBelow 70% FFair70-79% CProficient80-89% BExemplary90-100% A1. Research the manner in which tax-deductible losses originally became part of the U.S. Tax Code. Conclude whether or not tax-deductible losses overall are reasonable. Provide support for your conclusions.Weight: 15%Did not submit or incompletely researched the manner in which tax-deductible losses originally became part of the U.S. Tax Code. Did not submit or incompletely concluded whether or not tax-deductible losses overall are reasonable. Did not submit or incompletely provided support for your conclusions.Partially researched the manner in which tax-deductible losses originally became part of the U.S. Tax Code.  Partially concluded whether or not tax-deductible losses overall are reasonable. Partially provided support for your conclusions.Satisfactorily researched the manner in which tax-deductible losses originally became part of the U.S. Tax Code. Satisfactorily concluded whether or not tax-deductible losses overall are reasonable. Satisfactorily provided support for your conclusions.Thoroughly researched the manner in which tax-deductible losses originally became part of the U.S. Tax Code. Thoroughly concluded whether or not tax-deductible losses overall are reasonable. Thoroughly provided support for your conclusions.2. Suggest what you believe to be a significant tax-deductible loss. Discuss whether or not the deductibility of this loss harms other taxpayers in general. Recommend changes to this tax-deductible loss you would make that would be fairer to all taxpayers.Weight: 15%Did not submit or incompletely suggested what you believe to be a significant tax-deductible loss. Did not submit or incompletely discussed whether or not the deductibility of this loss harms other taxpayers in general. Did not submit or incompletely recommended changes to this tax-deductible loss you would make that would be fairer to all taxpayers.Partially suggested what you believe to be a significant tax-deductible loss. Partially discussed whether or not the deductibility of this loss harms other taxpayers in general. Partially recommended changes to this tax-deductible loss you would make that would be fairer to all taxpayers.Satisfactorily suggested what you believe to be a significant tax-deductible loss. Satisfactorily discussed whether or not the deductibility of this loss harms other taxpayers in general. Satisfactorily recommended changes to this tax-deductible loss you would make that would be fairer to all taxpayers.Thoroughlysuggested what you believe to be a significant tax-deductible loss. Thoroughlydiscussed whether or not the deductibility of this loss harms other taxpayers in general. Thoroughlyrecommended changes to this tax-deductible loss you would make that would be fairer to all taxpayers.3. Choose one (1) type of loss that is not deductible, and argue whether this kind of loss   should continue to be disallowed, or why it should be allowed.  Provide support for the rationale.Weight: 15%Did not submit or incompletely chose one (1) type of loss that is not deductible, and did not submit or incompletely argued whether this kind of loss should continue to be disallowed, or why it should be allowed. Did not submit or incompletely provided support for the rationale.Partially chose one (1) type of loss that is not deductible, and partially argued whether this kind of loss should continue to be disallowed, or why it should be allowed. Partially provided support for the rationale.Satisfactorily chose one (1) type of loss that is not deductible, and satisfactorily argued whether this kind of loss should continue to be disallowed, or why it should be allowed.  Satisfactorily provided support for the rationale.Thoroughly chose one (1) type of loss that is not deductible, and thoroughly argued whether this kind of loss should continue to be disallowed, or why it should be allowed.  Thoroughly provided support for the rationale.4. Propose an alternative to loss deductions that would be fair to all taxpayers and support the financial needs of the federal government. Indicate substantive ways in which your recommendation would achieve fairness to taxpayers and the United States Treasury.Weight: 15%Did not submit or incompletely proposed an alternative to loss deductions that would be fair to all taxpayers and support the financial needs of the federal government. Did not submit or incompletely indicated substantive ways in which your recommendation would achieve fairness to taxpayers and the United States Treasury.Partially proposed an alternative to loss deductions that would be fair to all taxpayers and support the financial needs of the federal government. Partially indicated substantive ways in which your recommendation would achieve fairness to taxpayers and the United States Treasury.Satisfactorily proposed an alternative to loss deductions that would be fair to all taxpayers and support the financial needs of the federal government. Satisfactorily indicated substantive ways in which your recommendation would achieve fairness to taxpayers and the United States Treasury.Thoroughly proposed an alternative to loss deductions that would be fair to all taxpayers and support the financial needs of the federal government. Thoroughly indicated substantive ways in which your recommendation would achieve fairness to taxpayers and the United States Treasury.5. Research recent IRS audit activities related to loss deductions to determine the most frequent types of losses that would most likely trigger an IRS audit. Propose a strategy that you would use to defend a client facing an IRS challenge on loss deductions.Weight: 15%Did not submit or incompletely researched recent IRS audit activities related to loss deductions to determine the most frequent types of losses that would most likely trigger an IRS audit. Did not submit or incompletely proposed a strategy that you would use to defend a client facing an IRS challenge on loss deductions.Partially researched recent IRS audit activities related to loss deductions to determine the most frequent types of losses that would most likely trigger an IRS audit. Partially proposed a strategy that you would use to defend a client facing an IRS challenge on loss deductions.Satisfactorily researched recent IRS audit activities related to loss deductions to determine the most frequent types of losses that would most likely trigger an IRS audit. Satisfactorily proposed a strategy that you would use to defend a client facing an IRS challenge on loss deductions.Thoroughly researched recent IRS audit activities related to loss deductions to determine the most frequent types of losses that would most likely trigger an IRS audit. Thoroughly proposed a strategy that you would use to defend a client facing an IRS challenge on loss deductions.6. 3 referencesWeight: 5%No references providedDoes not meet the required number of references; some or all references poor quality choices.Meets number of required references; all references high quality choices.Exceeds number of required references; all references high quality choices.7. Writing Mechanics, Grammar, and FormattingWeight: 5%Serious and persistent errors in grammar, spelling, punctuation, or formatting.Partially free of errors in grammar, spelling, punctuation, or formatting.Mostly free of errors in grammar, spelling, punctuation, or formatting.Error free or almost error free grammar, spelling, punctuation, or formatting.8. Appropriate use of APA in-text citations and  reference sectionWeight: 5%Lack of in-text citations and / or lack of reference section.In-text citations and references are provided, but they are only partially formatted correctly in APA style.Most in-text citations and references are provided, and they are generally formatted correctly in APA style.In-text citations and references are error free or almost error free and consistently formatted correctly in APA style.9. Information Literacy / Integration of SourcesWeight: 5%Serious errors in the integration of sources, such as intentional or accidental plagiarism, or failure to use in-text citations.Sources are partially integrated using effective techniques of quoting, paraphrasing, and summarizing. Sources are mostly integrated using effective techniques of quoting, paraphrasing, and summarizing.Sources are consistently integrated using effective techniques of quoting, paraphrasing, and summarizing.10. Clarity and Coherence of WritingWeight: 5%Information is confusing to the reader and fails to include reasons and evidence that logically support ideasInformation is partially clear with minimal reasons and evidence that logically support ideasInformation is mostly clear and generally supported with reasons and evidence that logically support ideas Information is provided in a clear, coherent, and consistent manner with reasons and evidence that logically support ideas