Questions from Federal Taxation

Q: Jeff and Linda Foley are married and file a joint income tax

Jeff and Linda Foley are married and file a joint income tax return. Jeff is a lawyer and a partner in the firm of Foley & Looby, Attorneys at Law. Jeff is a 50% partner in the firm along with his par...

Q: Refer to Sec. 385 and answer the questions below.

Refer to Sec. 385 and answer the questions below. a. Whenever Treasury Regulations are issued under this section, what type are they likely to be: legislative or interpretative? Explain. b. Assume T...

Q: Locate PLR 8733007 and Rev. Rul. 81-219.

Locate PLR 8733007 and Rev. Rul. 81-219. a. Briefly summarize the tax issue and conclusion of each ruling. b. Under what circumstances can a researcher rely on the private letter ruling? c. Under w...

Q: Which IRC section(s) does Rev. Rul. 2001

Which IRC section(s) does Rev. Rul. 2001-29 interpret? (Hint: consult the official pronouncement of the IRS.)

Q: The objective is to locate a general overview of available home office

The objective is to locate a general overview of available home office deductions. On the main research tab, select the United States Tax Reporter—Explanations database. How many results does the sear...

Q: The objective is to locate a general overview of available home office

The objective is to locate a general overview of available home office deductions. You have previously researched the issue and know that Sec. 280A is the primary authority for this issue. In the Keyw...

Q: a. What official action (acquiescence or nonacquiescence) did the

a. What official action (acquiescence or nonacquiescence) did the IRS Commissioner take regarding the 1985 Tax Court decision in John McIntosh, 85 T.C. 31 (1985)? (Hint: Consult Actions on Decisions.)...

Q: The U.S. Government Printing Office publishes both hearings on

The U.S. Government Printing Office publishes both hearings on proposed legislation and committee reports. Distinguish between the two.

Q: a. What original action (acquiescence or nonacquiescence) did the

a. What original action (acquiescence or nonacquiescence) did the IRS Commissioner take regarding the 1952 Tax Court decision in Streckfus Steamers, Inc., 19 T.C.1 (1952)? (Hint: Consult Actions on De...

Q: a. What original action (acquiescence or nonacquiescence) did the

a. What original action (acquiescence or nonacquiescence) did the IRS Commissioner take regarding the 1982 Tax Court decision in Doyle, Dane, Bernbach, Inc., 79 T.C. 101 (1982)? (Hint: Consult Actions...