Issue #2 Your clients, Barney and Edith Green, attended a three-day program in Maui entitled "Financial, Tax, and Investment Planning for Investors." The Greens went to Hawaii several days early so that they could adjust to the jet lag and be ready for the seminar. The $8,000 cost of the trip included the following expenses. First-class airfare Hotel (seven days) Program fee Meals and other expenses $2,500 2,000 2,000 1,500 The Greens have records to substantiate all the above expenditures in a manner that is acceptable under I.R.C. Section 274. Requirements: 1. List as many possible tax research issues as you can to determine whether the Greens can deduct any or all of the $8,000 of expenditures on their current-year tax return. 2. Execute an online search via RIA. Use "seminar travel" as your key words. Which Internal Revenue Code Section provides the tax law regarding seminar travel expenses? 3. Based on the information generated from your online search, are the expenses associated with this trip deductible on the Greens' current-year tax return? For this requirement, assume that neither Barney nor Edith is a financial/tax/investment professional.