Fred and Ida have discovered that if they get divorced in December of this year, file as single taxpayers, and then remarry in the following year, the arrangement would result in significant tax savings. Is this a permissible tax planning strategy?

Note: you are expected to complete this project using current, post-CARES Act law. In other words, apply new law to the fact patterns below. To the extent your conclusion is contingent on an unknown fact, you should discuss possible outcomes for different assumptions.

In general, the memos should document the analysis you performed and conclusions of your research. More specifically, the memos should reflect the following about each clients inquiry: Relevant facts Issues (questions) identified from the facts Applicable primary authority (importantly, IRS Publications may not be your only source for any particular client inquiry) Conclusions and recommendations reached as a consequence of your research Analysis performed (i.e., how the primary authority cited above addresses the issues)