Chosen case: Taxpayer B's grandmother sent her $2,000 in May and another $3,000 was paid to her school in August for tuition. Suggested Primary Resources - United States Code - The United States Code (USC) includes an outline of the Internal Revenue Code (IRC). Title 26 of the USC specifically covers the IRC. It can, however, be challenging to navigate depending on what you are looking for. Below you will find tips on searching within the IRC via this website. - IRS Website - The IRS.gov site contains a lot of information but may also require adjustments in how you search for specific information. Below you will find tips for searching the IRS.gov website. - Journal of Accountancy - CPA Journal - The Tax Adviser Instructions 1. Select a case from the Module Two Adjusted Gross Income List found in the Supporting Materials section of the Module Two Adjusted Gross Income Assignment Guidelines and Rubric. 2. Research the topic using the Tax Research Guide found in the Supporting Materials section of the Module Two Adjusted Gross Income Assignment Guidelines and Rubric. 3. Document your specific findings below (briefly). 4. Describe specific examples of how and when the criteria apply or do not apply to AGI. 5. Complete your template as a 1- to 3-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. 6. Cite all sources according to APA style. Research Topic [Topic Name/Description] [Identify the research topic to be researched.] Primary Sources [Identify the sources specifying code, section, and subsection as applicable.] Parameters [List parameters for deductibility for your topic.] Example of Applying AGI [Describe a scenario of qualifying for AGI adjustment explaining how and why the client meets the criteria.] Example of Not Being Able to Apply AGI [Describe a scenario of not qualifying for AGI adjustment explaining how and why the client didn't meet the criteria.] Tax Planning Implications [Explain how might this impact tax planning implications?] References [Cite all sources according to APA style] Chosen case: Taxpayer B's grandmother sent her $2,000 in May and another $3,000 was paid to her school in August for tuition. Suggested Primary Resources - United States Code - The United States Code (USC) includes an outline of the Internal Revenue Code (IRC). Title 26 of the USC specifically covers the IRC. It can, however, be challenging to navigate depending on what you are looking for. Below you will find tips on searching within the IRC via this website. - IRS Website - The IRS.gov site contains a lot of information but may also require adjustments in how you search for specific information. Below you will find tips for searching the IRS.gov website. - Journal of Accountancy - CPA Journal - The Tax Adviser Instructions 1. Select a case from the Module Two Adjusted Gross Income List found in the Supporting Materials section of the Module Two Adjusted Gross Income Assignment Guidelines and Rubric. 2. Research the topic using the Tax Research Guide found in the Supporting Materials section of the Module Two Adjusted Gross Income Assignment Guidelines and Rubric. 3. Document your specific findings below (briefly). 4. Describe specific examples of how and when the criteria apply or do not apply to AGI. 5. Complete your template as a 1- to 3-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. 6. Cite all sources according to APA style. Research Topic [Topic Name/Description] [Identify the research topic to be researched.] Primary Sources [Identify the sources specifying code, section, and subsection as applicable.] Parameters [List parameters for deductibility for your topic.] Example of Applying AGI [Describe a scenario of qualifying for AGI adjustment explaining how and why the client meets the criteria.] Example of Not Being Able to Apply AGI [Describe a scenario of not qualifying for AGI adjustment explaining how and why the client didn't meet the criteria.] Tax Planning Implications [Explain how might this impact tax planning implications?] References [Cite all sources according to APA style]
