Questions from Federal Taxation

Q: What is the purpose of each of the following? a

What is the purpose of each of the following? a. Technical memorandum (TM) b. General counsel memorandum (GCM) c. Action on decision (AOD)

Q: Discuss the effect of Pollock v. Farmers’ Loan & Trust Co

Discuss the effect of Pollock v. Farmers’ Loan & Trust Co. on the development of U.S. income tax laws.

Q: The 16th Amendment to the Constitution had a significant effect on the

The 16th Amendment to the Constitution had a significant effect on the U.S. income tax. What was it?

Q: What are some of the potential pitfalls in the first step of

What are some of the potential pitfalls in the first step of the tax research process?

Q: Tax protesters who file “frivolous” tax returns or bring “

Tax protesters who file “frivolous” tax returns or bring “frivolous” proceedings before the U.S. Tax Court are subject to certain fines or other penalties. What are the grounds for imposing each penal...

Q: Use an online tax service (e.g., Checkpoint,

Use an online tax service (e.g., Checkpoint, LexisNexis, CCH IntelliConnect) to answer the following questions: a. What is the general content of Internal Revenue Code § 117? b. What is the general co...

Q: Use an online tax service (e.g., Checkpoint,

Use an online tax service (e.g., Checkpoint, LexisNexis, CCH IntelliConnect) to answer the following questions: a. What is the general content of Internal Revenue Code § 25A? b. What is the general co...

Q: One important problem that faces a tax researcher is interpretation of the

One important problem that faces a tax researcher is interpretation of the Internal Revenue Code. Comment on each of the following interpretation problems: a. Exceptions to a code section b. Words tha...

Q: Comment on the statement, “All tax questions can be answered

Comment on the statement, “All tax questions can be answered using the Internal Revenue Code.”

Q: Does the United States have an income tax treaty with any of

Does the United States have an income tax treaty with any of the following countries? If it does, in what year was the treaty signed? State where you found this information. a. Japan b. United Kingdom...