Assignment 2 Tax Research Memo REQUIREMENT Each student must individually complete a tax research project memo. Students should choose one of the three topics below. The memo should be typed and in the format provided below (labeled Appendix A-6). Students should use RIA Checkpoint, available through the PSU library to conduct the research. It will be graded on accurately and insightfully analyzing the given facts with proper tax law and citation, as well as presentation (clarity and conciseness of the writing). See the grading rubric below for additional details. Note that only primary sources should be cited. Primary sources include the Internal Revenue Code (IRC), Revenue Rulings, and court cases, but do not include anything from the IRS. The research memo must be submitted on Canvas in PDF form prior to the due date. Outside of extenuating circumstances, late projects will have 5% deducted from the grade for each day beyond the due date, up to a maximum of 20% deduction. Projects will not be accepted more than 2 weeks after the due date, at which point solutions will be posted. Choose one of the three topics below: Topic 1 Brian recently graduated from PSU with an Accounting degree. He is currently working as an accountant for a large consulting company and wants to know how to account for the following items. The company paid for a CPA prep course, which would have cost him $3,300. They also paid for all of the CPA exam and state filing fees, which totaled $1,100. During busy season, since he was working from home due to Covid, his company gave him a Starbucks gift card for $50, a GrubHub gift card for $300, and Safeway gift card for $150. Normally, they would have provided some meals & coffee in the office during the busy season, but since that wasn't an option for 2020, they decided to do the gift cards. His AGI before considering any of these items was $65,000. Using the tax law, determine how these items will affect his taxes.

REQUIREMENT Each student must individually complete a tax research project memo. Students should choose one of the three topics below. The memo should be typed and in the format provided below (labeled Appendix A-6). Students should use RIA Checkpoint, available through the PSU library to conduct the research. It will be graded on accurately and insightfully analyzing the given facts with proper tax law and citation, as well as presentation (clarity and conciseness of the writing). See the grading rubric below for additional details. Note that only primary sources should be cited. Primary sources include the Intemal Revenue Code (IRC), Revenue Rulings, and court cases, but do not include anything from the IRS. The research memo must be submitted on Canvas in PDF form prior to the due date. Outside of extenuating circumstances, late projects will have 5% deducted from the grade for cach day beyond the due date, up to a maximum of 20% deduction. Projects will not be accepted more than 2 weeks after the duc date, at which point solutions will be posted. Choose one of the three topics below: Topic 1 Brian recently graduated from PSU with an Accounting degree. He is currently working as an accountant for a large consulting company and wants to know how to account for the following items. The company paid for a CPA prep course, which would have cost him $3,300. They also paid for all of the CPA exam and state filing fees, which totaled $1,100. During busy season, since he was working from home due to Covid, his company gave him a Starbucks gift card for $50, a GrubHub gift card for $300, and S afeway gift card for $150. Normally, they would have provided some meals & coffee in the office during the busy season, but since that wasn't an option for 2020 , they decided to do the gift cards. His AGI before considering any of these items was $65,000. Using the tax law, determine how these items will affeet his taxes