Required: 1. Are taxpayers required to include both unrealized and realized income on their tax returns? Explain each type and your reasoning. Give detailed examples and provide a thorough response to these important concepts. 2. Define gross income, its significance, and the three criteria used for determining gross income. 2. In Checkpoint, review U.S. Supreme Court case, Eugene James v. United States, 366 U.S. 213 (1961): a. Determine for gross income recognition if it matters whether income is obtained through legal or illegal activities. Explain your answer and incorporate facts based on the details of this court case. b. Is this precedent still appropriate based on it being decided in 1961? Explain your reasoning. 3. Provide comments on the DB posts provided by fellow students. The purpose is to generate robust discussions and is required to earn full-credit. Focus on different aspects of the assignment for each response. Deep and meaningful comments that encourage appropriate technical discussion is expected. See the syllabus and DB grading rubric for tips on meaningful comments and grading criteria. The focus of the comments should be related to the DB prompts and tax law. Comments to other students can point out lack of knowledge or inconsistencies but they should always be respectful. The reflection paragraphs are not meant to be the subject of discussion comments. 4. Write a short reflection paragraph explaining what you learned from this assignment from the tax law and the procedure of tax research. Provide examples of how this assignment could be improved to enhanced student learning.