Research Memo Problem (Prize) Hector Highbar won 1st Place in the annual El Paso Marathon. The prize was $25,000. His best friend is studying tax at UTEP and told him that all prizes are taxable. Hector disagrees and argues that the prize is not taxable. Hector has come to you and asks for you for the correct tax advice for this award. a. Use the RIA tax service to determine how much, if any, of Hector's prize is taxable to him as income. 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. 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. e. Submit the Memo and the Client Letter (separate assignments) in Blackboard under the appropriate Assignment. See Blackboard for submission cutoff. Research Memo Problem (Prize) Hector Highbar won 1st Place in the annual El Paso Marathon. The prize was $25,000. His best friend is studying tax at UTEP and told him that all prizes are taxable. Hector disagrees and argues that the prize is not taxable. Hector has come to you and asks for you for the correct tax advice for this award. a. Use the RIA tax service to determine how much, if any, of Hector's prize is taxable to him as income. 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. 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. e. Submit the Memo and the Client Letter (separate assignments) in Blackboard under the appropriate Assignment. See Blackboard for submission cutoff
