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Scenario #3: J. C. has been a professional gambler for many years. He loves this line of work and believes the income is tax-free. QUESTION:
Scenario #3: J. C. has been a professional gambler for many years. He loves this line of work and believes the income is tax-free.
QUESTION: Is J. C.'s thinking correct? Is the answer to this question found in the Internal Revenue Code? If not, what type of authority answers this question?
RESOURCE TO USE: Search online for a court case that answers the question (think precedent), and cite it as "
V.
Make sure your selected court case answers the question!
- What are the key facts in this problem? (brief answer)
- What is the general issue to be addressed? (brief answer)
- What key words would you use to research this question? (brief answer)
- Using the resource listed above, what is the answer to the question?
- Where did you find your answer? This is where you properly cite your resource based on Chapter 2. You must cite a court case that definitively answers the question.
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