1. Use the CCH IntelliConnect Federal Tax database to answer the following questions:

A. What are the major database categories provided?

B. Select 1999 in the Federal Tax Achieves. What is the tax bracket ( highest marginal rate) for a single indi-vidual with taxable income of $ 65,000? ( Hint: Use the Master Tax Guide - 1999.) When would it be use-ful to know what the IRC was in a prior year?

C. What is the most recent Action on Decisions listed in Letter Rulings & IRS Positions?

D. What Federal Tax Legislations does CCH think are worth watching?

2. Use the CCH IntelliConnect Practice Tools to answer the following questions:

A. Selecting the Federal Taxes heading, determine whether it is more cost effective to buy or lease an auto. The purchase price of the auto is $ 45,000, the loan term is 36 months, and the interest rate is 8 percent. The lease term is 60 months, and value at the end of the lease term is $ 10,000. For any other informa-tion requested, provide reasonable estimates. Print results.

B. Selecting the Sales and Property Tax heading, how long can the dormancy period be for a bank account in the state where your college is located?

3. Use the CCH IntelliConnect Browse function and select the Federal Tax Editorial Content heading to answer the following questions:

A. Using Quick Answers Tax Rates and Tables determine what the high- cost localities per diem rate was for the most current perio

B. In the Interactive Research Aids for Tax Research Consultant, for Individuals, who is the author of the decision tree for qualified moving expenses?

C. Using the Master Tax Guide, determine whether the Credit for the Elderly is a refundable credit? In what paragraph number is the discussion of this credit located?

D. What is the most recent Joint Committee on Taxation Blue Book available in the Federal Tax Legislation heading?

4. Use the CCH IntelliConnect Practice Tools database to answer the following questions:

A. Using the Federal Withholding Calculator, determine what your withholding should be, based on what you would like your income to be upon graduation and your current family situation. Print results.

B. Using the Depreciation Toolkit, determine the depreciation in year 5 for $ 45,000 of Dairy Cattle, 150 percent DB method for Farm Property with a half- year convention.

C. Using the Federal/ State Taxes, Tax Calendar, prepare a calendar for the current year for all the taxes for the state within which your college is locatePrint one month that shows payment due dates.

D. Explain whether the Practice Tools offered in the Main Menu ( where Browse, Citations, and so forth are located) are the same as in the Practice Tools, listed in the expanding Browse option?

5. Indicate the relevant information requested for CCH IntelliConnect SFITR, paragraph 12,623.025.

a. What is the title for the paragraph and Code section?

b. What Regulations apply to this paragraph? Are these Regulations still good law?

c. What Related Information is available?

6. Use the CCH IntelliConnect Citator to answer the following questions regarding Notice 2010- 10:

A. Where is the Notice located in the Internal Revenue Bulletin?

B. Where is the Notice discussed in the tax services?

C. To what Code sections does the Notice apply? Who are the principal authors of the Notice?

7. Use the CCH IntelliConnect Citator to evaluate the 1956 William George Tax Court case.

A. What is the citation for the case?

B. What is the title of the paragraph where George is annotated?

C. What Code section is related to the George case?

D. A Revenue Ruling cites the George case. What is the citation and title? How does the Revenue Ruling evaluate the George case?

8. Use CCH IntelliConnect Citator to answer the following questions:

A. Find the discontinued Miscellaneous MS 347; 1950- 1 CB 281 ruling ( Hint: use CB citation to find it). What is its current standing and why?

B. Find Court Decision 1787, 1955- 2 CB 511. Give the name of the cases and all of its parallel citations.

C. Find the Treasury Decision 9477. Give the date it was filed with the Federal Register, Code Section to which it applies, and its effect.

9. Use the CCH IntelliConnect Citator to evaluate the 290th Revenue Ruling issued in 1955.

A. What is its complete Cumulative Bulletin citation? Is this Revenue Ruling still valid?

B. What tax issue does the Revenue Ruling address?

C. List the citations of any cases that cite Revenue Ruling 1955- 290.

D. In what paragraph of the CCH service was this ruling initially discussed?

10. Use the CCH IntelliConnect Citator to answer the following questions regarding the 19th Revenue Procedure of 2002:

A. What does this Procedure address? What Code sections are involved?

B. What is its current status?

C. What types of pronouncements have cited this Procedure? That is the most current citing of the Procedure?