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Han and Leia have come to you for tax help for their 2023 tax year. What issues does their set of facts present to you

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Han and Leia have come to you for tax help for their 2023 tax year. What issues does their set of facts present to you as their tax advisor? What advice do you have for them? Please make any assumptions that you need in-order to address and respond to the issues presented by the fact pattern. Clearly state the assumptions that you make. It is advisabl9, analysis, and conclusions. Support your answers with cites to code, regulations, cases, rulings, IRS publications or other research data. 1. The Solos hired Storm and Trooper Construction Company (S\&TCC) to repair and remodel the existing home. Force Architectural and Engineering was retained to perform feasibility and design for the renovation. However, their investigation revealed the vermin infested and termite-eaten home on the property had been built a long, long time ago. Force's lead architect Yoda Force warned the Solos that the home was too old to be rehabbed and the cost prohibitive. It seems that the old lakefront home never really fit the Solos' entertaining and galaxy trotting lifestyle. So, they decided to demolish the home and built their dream stone and log cabin. In addition, they wanted a hanger and landing strip for the Millennium Falcon and Millennium Falcon II. Do the Solos have any tax issues? (the answer is yes). What are they and how do they address them? The purpose of the study is to identify the tax issues and discuss them without trying to calculate a tax or an amount owed. In other words, why is an item income? is something within or outside a limit? Remember the name of the course is Income Tax Planning so think through the facts and analyze the tax issues. Support your answer with a rule of law (use the textbook, the substantive resources in the modules, IRS pubs, Internal Revenue Code, Treasury Regs, cases, etc.)

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