Hi, I have an assignment I need help with. Please let me know if you'd be able to help.

1. Taxpayer has been engaged in the general practice of medicine for more than 30 years. In 1991, he took over the operation of his family farm and decided to convert the farm into a cattle farm. He employed a full-time helper on the farm but he himself did much of the physical work. In this endeavor taxpayer had advice of assistance of a local farm agent, an expert cattleman and an expert farm machinery mechanic. Taxpayer raised cattle as well as catfish and quarter horses. However, after encountering technical and demand problems he discontinued the raising of the catfish and horses. He was presently raising thoroughbreds and was confident that this venture would be more profitable. During the period 1991 through 2014, taxpayer farming operation resulted in substantial losses, averaging approximately $15,000 per year. During the taxable years of 2013 and 2014 his farm losses totaled $30,000 and $25,000 respectively. The evidence shows that taxpayer had not made a profit on a year by year basis during this entire period although his testimony to the IRS agent was they he always had operated and still operated his farm with a profit MOTIVE. Can taxpayer deduct the losses? 2. Taxpayer is a calendar year taxpayer who purchased 1,000 shares of Newton Corp stock on 10/23/13 for $15,000. He sold these shares on 1/17/14 for $7,000. On each of the four days from 1/20 through 1/23 he purchased 500 shares of substantially identical stock for $3,000. What is the tax effect for taxpayer and what will be the basis of each of the four batches of new stock? 3. Taxpayer a college professor age 58 purchased and moved into a house on August 1, 2012. He used the house continuously until 9/1/2013 on which date he went abroad for a one year sabbatical leave. During part of the period of leave, the property was unoccupied and it was leased during the remainder of the period. On October 1, 2014 one month after returning from such leave he sold the house. Can taxpayer use the exclusion for the sale of residence? 4. Taxpayer is a growing contractor business and seeks to add additional staff. Taxpayer has heard that there can be major ramification on if she hires employee's vs independent contractors. Explain to Taxpayer the difference between them and how to structure her contracts to achieve one designation versus another. 1. Taxpayer has been engaged in the general practice of medicine for more than 30 years. In 1991, he took over the operation of his family farm and decided to convert the farm into a cattle farm. He employed a full-time helper on the farm but he himself did much of the physical work. In this endeavor taxpayer had advice of assistance of a local farm agent, an expert cattleman and an expert farm machinery mechanic. Taxpayer raised cattle as well as catfish and quarter horses. However, after encountering technical and demand problems he discontinued the raising of the catfish and horses. He was presently raising thoroughbreds and was confident that this venture would be more profitable. During the period 1991 through 2014, taxpayer farming operation resulted in substantial losses, averaging approximately $15,000 per year. During the taxable years of 2013 and 2014 his farm losses totaled $30,000 and $25,000 respectively. The evidence shows that taxpayer had not made a profit on a year by year basis during this entire period although his testimony to the IRS agent was they he always had operated and still operated his farm with a profit MOTIVE. Can taxpayer deduct the losses? 2. Taxpayer is a calendar year taxpayer who purchased 1,000 shares of Newton Corp stock on 10/23/13 for $15,000. He sold these shares on 1/17/14 for $7,000. On each of the four days from 1/20 through 1/23 he purchased 500 shares of substantially identical stock for $3,000. What is the tax effect for taxpayer and what will be the basis of each of the four batches of new stock? 3. Taxpayer a college professor age 58 purchased and moved into a house on August 1, 2012. He used the house continuously until 9/1/2013 on which date he went abroad for a one year sabbatical leave. During part of the period of leave, the property was unoccupied and it was leased during the remainder of the period. On October 1, 2014 one month after returning from such leave he sold the house. Can taxpayer use the exclusion for the sale of residence? 4. Taxpayer is a growing contractor business and seeks to add additional staff. Taxpayer has heard that there can be major ramification on if she hires employee's vs independent contractors. Explain to Taxpayer the difference between them and how to structure her contracts to achieve one designation versus another