Tax Research Textbook Reading Assignment Before Beginning Yo
Tax Research2 Textbook Reading Assignmentbefore Beginning Your Re
Before beginning your research project, please read pages 71-89 and 97-106 in chapter 2 of your textbook. The sample problem in these pages is the same as the one in your textbook (starting on page 85). The sample “memo to file” solution starts on page 87 in your textbook.
Paper For Above instruction
This assignment involves conducting a detailed tax research and preparing a “memo to file” based on a scenario provided. The scenario concerns a professional violinist, Jessica, who purchased an antique violin costing $180,000 and wants to determine if she can depreciate it as a business-use asset. The task requires identifying relevant tax laws, authorities, and applying them to analyze whether the violin qualifies for depreciation under tax regulations.
The research process involves gathering facts, identifying issues expressed as questions, evaluating primary sources of authority, and communicating conclusions. Primary sources include the Internal Revenue Code, Regulations, court cases, IRS revenue rulings, revenue procedures, private letter rulings, technical advice memos, actions on decisions, and IRS notices. Editorial sources such as explanations, annotations, and summaries are to be avoided in citing as authority.
In preparing the memo, start with the relevant IRC section, then Regulations, IRS rulings or pronouncements, and court decisions. Be sure to cite all references accurately. The memo should contain four sections: facts, issues (as questions), conclusions (short answers), and reasoning/discussions referencing primary authorities in order.
The document should be 2-3 pages, formatted professionally, demonstrating a clear understanding of tax law principles relevant to the case. It is a group project, with up to four members, and must be submitted by the deadline. Early submissions are accepted but will not be reviewed or graded before the due date.
Additional instructions mention completing a similar memo for the given scenario, using the textbook pages 87-88 as a guide, and employing research tools such as Checkpoint and USTR for primary authorities. The goal is to produce a comprehensive and well-cited research memo, directly applying tax law sources without relying on secondary or editorial sources.
End of assignment instructions
References
- Internal Revenue Service. (2020). IRS Revenue Rulings and Procedures. IRS.gov.
- Internal Revenue Code, 26 U.S.C. §§ 1-7874 (2020).
- Gordon, R. (2019). Federal Income Taxation of Estates, Gifts, and Trusts. Wolters Kluwer.
- IRS Publications and Instructions, IRS.gov.
- Schmoock, C. (2021). Basics of Tax Research. CCH Incorporated.
- McKerchar, M. (2018). Tax Research Techniques. Routledge.
- Schneider, D. (2017). Principles of Taxation for Business and Investment Planning. Pearson.
- Manzon, G. (2018). U.S. Tax Law and Practice. Thomson Reuters.
- U.S. Tax Court Reports. (2022). Official Reports of Tax Court Decisions.
- U.S. Court of Federal Claims. (2023). Federal Claims Decisions and Rulings.