Questions from Auditing and Assurance

Q: Locate Revenue Rulings 2016-15 and 2017-2, identify

Locate Revenue Rulings 2016-15 and 2017-2, identify the topics, and find the dates of the Revenue Ruling. What are the applicable Code sections for each revenue ruling? Give the proper citations for t...

Q: Locate Revenue Procedures 2016-11 and 2017-3, identify

Locate Revenue Procedures 2016-11 and 2017-3, identify the topics, and find the dates of these revenue procedures. What arethe3-5mostapplicableCodesectionsforeachone? What IRS tax forms (if any) addre...

Q: On January 1, the Hawaii Cancer Institute has received a promise

On January 1, the Hawaii Cancer Institute has received a promise from the Obama Foundation to receive a building that the Foundation recently appraised at $200,000—but cost it only $125,000. The Inst...

Q: Assume that the taxpayer has a tax issue in which the only

Assume that the taxpayer has a tax issue in which the only authorities on point are the following:(a) an article written by a famous tax lawyer that supports taxpayer’s position and (b) a Revenue Ruli...

Q: Assume that your best friend has a full scholarship offer for playing

Assume that your best friend has a full scholarship offer for playing football at the University of Colorado at Boulder. The scholarship covers tuition, dorm room, and meal costs at the university. Wr...

Q: Assume that your older sister agrees to tutor you for a month

Assume that your older sister agrees to tutor you for a month in math. She normally charges clients $500 for similar services. In return, you agree to write a brief memo explaining the tax consequence...

Q: Use a tax research database and answer the following questions. Then

Use a tax research database and answer the following questions. Then repeat answering the problem using either a different tax research database or an Internet search, and compare their ease of use an...

Q: What were the issue(s) involved in Brinks Gilson &

What were the issue(s) involved in Brinks Gilson & Leone, T.C. Memo 2016-20? What was the court’s holding in this case?

Q: Find the Code section that explains the amount of the penalty for

Find the Code section that explains the amount of the penalty for failure to include reportable transaction information with the return. How much is that penalty.

Q: Central Michigan Medical Association (CMMA) is planning on hiring a

Central Michigan Medical Association (CMMA) is planning on hiring a new cardiologist who currently lives in Dallas, Texas. The cardiologist owns a home in Dallas. Due to the depressed housing market,...