1.) A clear statement of the issue or tax question

2.) Find your resources to address the issue or answer the question

(Keep pdf copies of research materials and highlight pertinent lines)

3.) Summarize the question and take the reader through the law and analysis in the body of the e-mail

4.) Recommend a solution (and alternatives if relevant)

Per Karen Cohen - Dig deeper and find an alternative the will work, can be done, and provide a solution to the problem.

TEMPLATE

Dear Taxpayer

This e-mail is in response to your request to .

We conducted a review of relevant tax sources and found..

As a result of our review, we recommend

Or perhaps as an alternative (if relevant) .

Sincerely,

Homework 1:

You are interviewing a client before preparing his tax return. He indicates that he did not list as income $96,000 received as a recovery for false imprisonment. What should you do with respect to this significant recovery?

Partial list of aids:

CCA 200809001

Daniel and Brenda Stadnyk, T.C. Memo 2008-289

Rev. Rul. 207-14, 2007-1 C.B 747

ss104