Accounting

Performing tax research to find correct answers to a minded(p) tax situation, and composing memoranda summarizing these findings, be grave parts of tax practice. As outlined in Chapter 2 of your text, there be a come in of authoritative primal tax constabulary sources. The first, the Internal Revenue Code, is the law enacted by Congress. The Treasury Department and the Internal Revenue Service, publishes 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 sleep with 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 government that tax practitioners rely upon when a invitee asks for their opinion as to a way a proposed, or completed transaction, should be treated for tax purposes.

In this project, you allow for be presented with two such transactions, and asked to answer one, or more than tax questions, related to these transactions.



You will be provided with selected primary authoritiesâ€"such as the applicable Code sections and court opinionsâ€"that are relevant to these transactions and questions. Accordingly, you will need to read and collapse 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. Each of these two memoranda are worth 30 points for a combined lend of 60 points.

In addition to these two transactions, you will be presented with a third research project that will put down a particular tax concept or reliable issue of tax law and ask you to perform some...If you demand to get a full essay, order it on our website: Ordercustompaper.com



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