im not asking anyone to do the project for me, but i just wanted advice on which topic i should do... and i overall dont even understand what im supposed to do for this assignment and how im supposed to do it so please help me understand thank u!
This project is your opportunity to demonstrate your ability () to research areas of the tax law that you have not had significant prior exposure to and (ii) to write a "plain-English" narrative explanation of technical material. (This is the same kind of work that you will be palled on to do as a working professional.) : A memorandum addressed to me. : Tuesday, April 23, 2019, by 10:00 a.m What Due Length: Minimum 3 pages, maximum 4 pages, single-spaced. References Yes, listed on an additional page, with links where possible. Format Worth : Use this format in terms of font size and margins. : Up to 10 points (10% of final grade for the course). Your completed work must be submitted- by email, and as a pdf (not as a .doc, docx, or in any other format) Each student is to complete this project individually (but yes you may visit with the Writing Center). Note: All memoranda will be submitted (by me) through a plagiarism software program You may choose from these four topics only: (1) Accuracy-Related Penalty-Code 6662 imposes a 20% penalty on underpayments of income tax in certain circumstances. Using the Tax Court's website, you will locat cisions in which individual taxpayer(s) prevailed against the IRS on this issue. Each of the cases you find and s good faith reliance on a competent tax professional your own generalized conclusions as to when this defense is most likely to be successful. e four (4) de- ummarize must involve a taxpayer who succeeded based on a $ 6664(c) defense of . You will summarize the cases and then state ..Minimum means "O" spacing before and after each line, except between paragraphs. 3 pages" means three full pages, not 2% pages or even 2,4 pages. Similarly, "single-s paced" (2) Employee vs. Independent Contractor- You will explore the issue of how to properly classify individuals who perform personal services for compensation. In particular, you will sur- vey and explain how the IRS and the courts approach this issue (from the tax perspective), then offer your own reasoned insights as to how the current model might be made more understand- able, more predictable, or more efficient. (3) Top Individual Tax Rate- Floating around among all of the current political rhetoric are suggestions that the top individual tax rate should be almost doubled-ie, increased from 37% to 70%. This idea, certainly not unprecedented in terms of tax history, comes this time from the political left and is rationalized in various ways. You will review and summarize the relevant "literature" and then add your own reasoned viewpoint on the particular proposals as they exist through the date of your submission. (4) "Sugar Babies" - Gift vs. Income - You will review the "literature" on this phenomenon toward arriving at your own conclusion as to how a determination should be made in any case regarding whether the $ 102(a) exclusion from gross income for gifts applies. Should the IRS and the courts adopt a list of factors to be weighed, similar to the approach you've seen in hobby loss cases? If so, what circumstantial factors should be included what relative weight should they be assigned? If not, what alternative approach(es) might be feasible? Your conclusions should be well reasoned and well supported
