Questions from Federal Taxation


Q: Nadia sells land for $4,000 and the buyer assumes

Nadia sells land for $4,000 and the buyer assumes her $13,000 mortgage. She pays $1,000 in real estate commissions on the sale. Identify the tax issue(s) posed by the facts presented. Determine the...

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Q: What is meant by the Golsen rule?

What is meant by the Golsen rule?

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Q: Do district courts have to follow the decisions of all circuit courts

Do district courts have to follow the decisions of all circuit courts?

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Q: Assume that the Supreme Court interprets a certain Code section in a

Assume that the Supreme Court interprets a certain Code section in a manner that members of Congress believe is contrary to what they meant when they enacted that part of the Code. What (if anything)...

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Q: Interpret the following citations: a. Senate Finance Committee,

Interpret the following citations: a. Senate Finance Committee, S. Rep. No. 2, 97th Cong., 2d Sess. (April 15, 1982). b. LTR 8101067. c. Rev. Proc. 78-172, 1978-2 C.B. 22. d. Lacy v. Comm., 344 F.2d 1...

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Q: Provide the correct citations for the following: a. The

Provide the correct citations for the following: a. The fifteenth revenue procedure issued in 1993 and found on page 12 of the third Internal Revenue Bulletin issued in 1993. b. Subsection (a) of the...

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Q: Describe the two major categories of tax services.

Describe the two major categories of tax services.

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Q: When can a researcher rely on an editorial opinion expressed in the

When can a researcher rely on an editorial opinion expressed in the tax services?

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Q: Assume that you have found an excellent article in Tax Notes that

Assume that you have found an excellent article in Tax Notes that provides a favorable interpretation of Sec. 469. Can you rely on that article as authority for your position? In general, what role d...

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Q: What are some advantages of CATR?

What are some advantages of CATR?

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