Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This one is due in 24 hours. Quite simple assignment. ACCT 315/715 Federal Taxation I Instructor: Darlena Billops-Hill, MST Tax Research Project - 50 points

image text in transcribed

This one is due in 24 hours. Quite simple assignment.

image text in transcribed ACCT 315/715 Federal Taxation I Instructor: Darlena Billops-Hill, MST Tax Research Project - 50 points Instructions: Review the Checkpoint Quick Reference Guide and User Guide. Perform your tax research utilizing Checkpoint for each of the exercises. See Chapter 2 for guidance. 1) 20 points. Give the title and brief description (no more than two sentences) of each of the following Internal Revenue Code Sections: a. b. c. d. e. f. g. h. i. j. k. Sec. 24 Sec. 41 Sec. 61 Sec. 62 Sec. 63 Sec. 64 Sec. 65 Sec. 74 Sec. 151 Sec. 152 Sec. 162 l. m. n. o. p. q. r. s. t. u. Sec. 167 Sec. 168 Sec. 170 Sec. 212 Sec. 213 Sec. 215 Sec. 262 Sec. 274 Sec. 1221 Sec. 1231 2) 10 points. a. Give the title and state the general rules for Treasury Regulation 1.401(k)-1. b. Give the title of Treasury Regulation 1.501(c)(3)-1. Within this section, only cite the section for \"Exempt Purposes\" and list the organizations that may be exempt. 3) 5 points. Find the court decision at 73 T.C. 792 (1980). a. Give the case name. b. Who was the Judge in this case? c. Briefly explain the subject matter of the case. 4) 10 points. Find the court decision located at 11 AFTR2d 758. a. Give the case name. b. What court heard the case? c. When was the case decided? d. What was the tax year(s)? e. What is the disposition of the case? f. Briefly explain the subject matter of the case. 5) 5 points. Research the following case. Give the citation, date of decision or date issued, tax year(s), disposition and subject matter. a. Thor Power Tool Co. v. Comm. (Supreme Court decision) Federal Taxation I Revised 8/2015

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

9th edition

1118608224, 1118608227, 730323994, 9780730323990, 730319172, 9780730319177, 978-1118608227

More Books

Students also viewed these Accounting questions

Question

The quality of the argumentation

Answered: 1 week ago