Posted: December 2nd, 2013

Research paper for Federal income taxation part 2

Description: Performing tax research to find correct answers to a given tax situation and composing memoranda summarizing these findings are important parts of tax
practice. As outlined in Chapter 2 of your text, there are a number of authoritative primary tax law sources. The first, the Internal Revenue Code, is the
law enacted by Congress. The Treasury Department and the Internal Revenue Service publish a number of materials that interpret and provide decisions,
pronouncing their interpretation and application of the Code, including Treasury regulations, revenue rulings, and revenue procedures. Finally, courts are
often asked to hear tax disputes between taxpayers and the United States, and these courts issue rulings that interpret and apply the tax law, creating
additional tax authority in the process. These combined writings constitute primary tax law authority, and these are the authorities that tax practitioners
rely upon when a client asks for their opinions regarding how a proposed or a completed transaction should be treated for tax purposes. In this project,
you will be presented with two such transactions and asked to answer one or more tax questions related to these transactions. You will be provided with
selected primary authoritiesâsuch as the applicable Code sections and court opinionsâthat are relevant to these transactions and questions. Accordingly,
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you will need to read and analyze these authorities, apply their holdings to the facts you are given, and conclude how the transaction you are given
should be treated for tax purposes. You will then document all of these findings and conclusions in a tax file memorandum, as explained and outlined in
Chapter 2 of your text. In addition to these two transactions, you will be presented with a third research project that will introduce a particular tax concept
or current issue of tax law and ask you to perform some research and analysis related to that concept or issue. To complete the project, you will be
required to perform Internet research to find materials relevant to these concepts or issues, as well as complete a written analysis and explanation of
these materials and findings that answers one or more questions posed by the problem. YOU ARE RESPONSIBLE FOR KNOWING AND FOLLOWING THESE
GUIDELINES. Some of the more significant guidelines include the following: â¢Submit a separate document for each of the three portions of the
assignment. â¢Your submissions must be in Microsoft Word. â¢You must use a reasonably easy-to-read fontâsuch as Times New Roman or Arialâin at
least 12-point font size. Each page must have at least a one-inch margin on all sides and be double-spaced. â¢Appropriate citations are required. â¢The
tax memoranda must be in traditional tax memorandum format,The research essay should be in traditional essay format, including a cover page and
citation pag
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