You are a tax advisor and your client, Nora, owns and operates C-C Bakery. She encounters three different tax scenarios on which she requests your

advice. You are to research the relevant tax code and make recommendations to her in the form of a memorandum for each situation.

Nora has some further questions for you regarding her individual tax return and C-C Bakery. Her business has been doing extremely well, and she has decided to

give back to her community. She would like to contribute $70,000 in December of 2016 to the charitable and nonprofit Boys and Girls Club. She would like to

know if she should contribute this from her business account or her individual account. She would also like to know if there are any tax advantages or

limitations. Her bakery has been profitable, as her taxable income is projected to be around $500,000 on her 2016 tax return. Her adjusted gross income on her

individual return will be around $350,000. She has made no further charitable contributions throughout the year. In a short memo, advise how she can take

advantage of the deduction for the charitable contributions to her community via her individual return and/or corporate return. Be specific in regard to code

sections or any other primary or secondary sources.You will find a memo template in Chapter 11 of theFederal Tax Researchtextbook.

Specifically, the followingcritical elementsmust be addressed:

II. Charitable Giving

1. Identify sourcesfor evaluating appropriate tax situation
2. Document researchperformed to determine if charitable giving applies to tax year and specific limitations, describing results
3. Apply researchto individual or business tax years and determine amount of deduction
4. Document findings and advicein amemorandumto the client, including supporting details
5. Your paper should be submitted as a 2- to 3-pages Microsoft Word document with double spacing, 12-point Times New font, one-inch margins, and at least three sources cited in APA formats

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