1. Interpreting the IRC. Under a divorce agreement executed in 2017, an ex-wife receives from her former husband cash of $25,000 per year for eight years. The agreement does not explicitly state that the payments are excludable from gross income. a. Does the ex-wife have gross income? If so, how much? b. Is the former husband entitled to a deduction? If so, is it for or from AGI? Refer only to the IRC in answering this question. Start with Sec. 71. c. How did the Tax Cuts and Jobs Act of 2017 change the alimony rule C33

2. Interpreting the IRC. Refer to Sec. 385 and answer the questions below. a. Whenever Treasury Regulations are issued under this section, what type are they likely to be: legislative or interpretative? Explain.
   1. b. Assume Treasury Regulations under Sec. 385 have been finalized. Will they be relevant to estate tax matters? Explain C34

3. Internet Research. Access the IRS Internet site at www.irs.gov and answer the following questions:
   1. How does one file a tax return electronically?
   2. How can the taxpayer transmit funds electronically? c. What are the advantages of electronic filing? C56

4. Internet Research. Access the IRS Internet site at www.irs.gov and indicate the titles of the following IRS forms: a. Form 4506 b. Form 973 c. Form 872 C57