write a tax memo

1 / 1 Du Tax Memo Exercise Mike Sr. has two sons Michael Jr. and Greg. They are all employed full-time in the family business, Burro Feed & Supply (BF&S). BF&S is a C-Corporation formed in Delaware and headquartered in California. Mike Sr. made $250,000 last year. Michael Jr. earned $125,000 and Greg earned $225,000. Greg is married with two kids ages 5 and 12. Michael Jr. is not married and has had a new girlfriend each of the last six years. Mike Sr. hopes he will find his soul mate soon. Greg drives a 2015 Honda Odyssey and Michael Jr. drives a 2019 Aston Martin DB11. Michael Jr. wants to go back to school at UC Davis to become a veterinarian. Mike Sr. agreed to have Burro Feed & Supply pay for it. It will cost $250,000 over 4 years. Michael Jr. plans to maintain the company website and social media blog in between class so that he can continue to earn his $125,000 salary while away at Davis Mike Sr, wants to know the tax impact on both BF&S and Michael Jr. if the company pays his schooling of $62,500 a year for the next four years. Write a tax memo to explain and document your conclusion. Use the following format: Facts: Issue: Research & Analysis: Conclusion: 1 / 1 Tax Memo Exercise Mike Sr. has two sons Michael Jr. and Greg. They are all employed full-time in the family business, Burro Feed & Supply (BF&S). BF&S is a C-Corporation formed in Delaware and headquartered in California. Mike Sr. made $250,000 last year. Michael Jr. earned $125,000 and Greg earned $225,000. Greg is married with two kids ages 6 and 12. Michael Jr. is not married and has had a new girlfriend each of the last six years. Mike Sr. hopes he will find his soul mate soon. Greg drives a 2015 Honda Odyssey and Michael Jr. drives a 2019 Aston Martin DB11. Michael Jr. wants to go back to school at UC Davis to become a veterinarian. Mike Sr. agreed to have Burro Feed & Supply pay for it. It will cost $250,000 over 4 years. Michael Jr. plans to maintain the company website and social media blog in between class so that he can continue to earn his $125,000 salary while away at Davis. Mike Sr. wants to know the tax impact on both BF&S and Michael Jr. if the company pays his schooling of $62,500 a year for the next four years. Write a tax memo to explain and document your conclusion. Use the following format: Facts: Issue: Research & Analysis: Conclusion: 1 / 1 Du Tax Memo Exercise Mike Sr. has two sons Michael Jr. and Greg. They are all employed full-time in the family business, Burro Feed & Supply (BF&S). BF&S is a C-Corporation formed in Delaware and headquartered in California. Mike Sr. made $250,000 last year. Michael Jr. earned $125,000 and Greg earned $225,000. Greg is married with two kids ages 5 and 12. Michael Jr. is not married and has had a new girlfriend each of the last six years. Mike Sr. hopes he will find his soul mate soon. Greg drives a 2015 Honda Odyssey and Michael Jr. drives a 2019 Aston Martin DB11. Michael Jr. wants to go back to school at UC Davis to become a veterinarian. Mike Sr. agreed to have Burro Feed & Supply pay for it. It will cost $250,000 over 4 years. Michael Jr. plans to maintain the company website and social media blog in between class so that he can continue to earn his $125,000 salary while away at Davis Mike Sr, wants to know the tax impact on both BF&S and Michael Jr. if the company pays his schooling of $62,500 a year for the next four years. Write a tax memo to explain and document your conclusion. Use the following format: Facts: Issue: Research & Analysis: Conclusion: 1 / 1 Tax Memo Exercise Mike Sr. has two sons Michael Jr. and Greg. They are all employed full-time in the family business, Burro Feed & Supply (BF&S). BF&S is a C-Corporation formed in Delaware and headquartered in California. Mike Sr. made $250,000 last year. Michael Jr. earned $125,000 and Greg earned $225,000. Greg is married with two kids ages 6 and 12. Michael Jr. is not married and has had a new girlfriend each of the last six years. Mike Sr. hopes he will find his soul mate soon. Greg drives a 2015 Honda Odyssey and Michael Jr. drives a 2019 Aston Martin DB11. Michael Jr. wants to go back to school at UC Davis to become a veterinarian. Mike Sr. agreed to have Burro Feed & Supply pay for it. It will cost $250,000 over 4 years. Michael Jr. plans to maintain the company website and social media blog in between class so that he can continue to earn his $125,000 salary while away at Davis. Mike Sr. wants to know the tax impact on both BF&S and Michael Jr. if the company pays his schooling of $62,500 a year for the next four years. Write a tax memo to explain and document your conclusion. Use the following format: Facts: Issue: Research & Analysis: Conclusion