Required: Using only IRC Section 267 of the Intemal Revenue Code and its Treasury Regulations, answer the following questions. Cite your answer to the applicable IRC Section (including subsection, paragraph, ete.) and/or Treasury Regulation (including prefix, section, paragraph, etc.). 1. List one transaction that is not given any effect (i.e., is disallowed) if it takes place between related taxpayers. Cite your answer. 2. Which members of a family are treated as "related taxpayers"? Cite your answer. 3. Which family members are included in the term, "ancestors"? Which family members are included in the term, "lineal descendants"? Cite your answer. 4. When is an individual and a corporation treated as "related taxpayers"? Cite your answer. 5. Are the partners in a partnership and the partnership included as "related persons" in Section 267? Cite your answer. 6. Which IRC section governs transactions between partners and partnerships? Cite your answer. 7. For purposes of determining "constructive ownership of stock," is a spouse considered as owning the stock owned by the other spouse? Cite your answer. 8. For purposes of determining "constructive ownership of stock," is the stock owned by a corporation considered as being owned by its shareholders? Cite your