Questions from Federal Taxation

Q: Which subpart and section of Circular 230 discusses each the following topics

Which subpart and section of Circular 230 discusses each the following topics? a. Solicitation b. Negotiation of a taxpayer’s refund checks c. Who may practice before the IRS d. Authority to disbar or...

Q: The Uniform CPA exam has four parts. Briefly summarize the tax

The Uniform CPA exam has four parts. Briefly summarize the tax and ethics issues covered in the REG section of the exam.

Q: Vincent (“Vinny”) Vineyard is a very successful physician in Temecula

Vincent (“Vinny”) Vineyard is a very successful physician in Temecula, California. He earns approximately $800,000 per year from his medical practice. His two children have graduated from college, and...

Q: Ned Naive operated several franchised stores, and at the home office’s

Ned Naive operated several franchised stores, and at the home office’s suggestion, he consolidated its payroll and accounting functions with Andy the Accountant. Andy is not a CPA. Last year, Andy beg...

Q: Summarize what is discussed in each of the following SSTS:

Summarize what is discussed in each of the following SSTS: a. SSTS No. 1 b. SSTS No. 4 c. SSTS No. 6

Q: What is the precedent-setting value of each of the following

What is the precedent-setting value of each of the following cases? a. Lowell Bar Association v. Loeb b. Bercu c. Sperry v. Florida

Q: Tax law provisions tend to change over time. Explain how this

Tax law provisions tend to change over time. Explain how this might affect tax research and planning.

Q: Distinguish between a citation with “I.R.B.”

Distinguish between a citation with “I.R.B.” in it and one with “C.B.” in it.

Q: The Mucho Oro Indian Tribe operates a casino on its reservation in

The Mucho Oro Indian Tribe operates a casino on its reservation in Arizona. The casino is very profitable, and therefore the tribe has excess money to invest. The tribe is approached by an entrepreneu...

Q: On December 1, 2014, Ericka receives $18,000

On December 1, 2014, Ericka receives $18,000 for three months’ rent (December 2014, January 2015, and February 2015) for an office building. List as many tax research issues as you can to determine th...