Research Memo Problem $($Gifts$)$

Bonnie Clover has come to you for help filing her tax return. Bonnie has filed her

taxes for her business on her own for many years but has decided to seek your

assistance this year. She is trying to expand her business. With this in mind, she

gave business gifts to her most valued customers. The gifts were evenings out at

Top Golf valued at $$350$ per gift. She gave these gifts to $5$ business customers for a

total business gift expense of $$1,750.$ Bonnie has receipts for the gifts and can

verify she only gave them to her most profitable customers. Bonnie has come to

you and asks if she is correct that she can deduct the cost of these business gifts

$($she has done it every year$)$ as business expenses.

a$.$ Use the RIA tax service to determine how much, if any, of Bonnie$$s

business gift expenses are deductible.

b$.$ Write a memo to communicate your results to your supervisor using the

five basic parts: $(1)$ the facts, $(2)$ issues, $(3)$ authority list, $(4)$ conclusion,

and $(5)$ analysis. The purpose of the memo is to inform others of the

research question and it should be written in an objective manner by

discussing all relevant authorities that support as well as conflict with

the answer.

c$.$ After you have researched your question and have written a memo for

the file please write a letter to your client summarizing your research

and giving them your recommendation$($s$).$

d$.$ Please make sure that your memo and your letter is grammatically

correct and that there are no spelling errors and that you follow the

format of the attached Sample Research Memo and Sample Client

Letter.