Questions from Federal Taxation


Q: Kenny Merinoff and his son, John, own all outstanding stock

Kenny Merinoff and his son, John, own all outstanding stock of Flan1ingo Corporation. Both John and Kenny are officers in the corporation and, together with their uncle, Ira, comprise me entire board...

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Q: Jane and Ben are married and usually file a joint return.

Jane and Ben are married and usually file a joint return. They live in a separate property state (rather than a con1munity property state). Jane is a partner in a law firm and typically generates inco...

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Q: Will Thomas calls you with respect to a tax issue. He

Will Thomas calls you with respect to a tax issue. He has found a tax case in the U.S. District Court of Soud1 Carolina that is in favor of his position. The IRS lost and did not appeal the case. Over...

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Q: What is the justification for the favorable treatment of corporate reorganizations?

What is the justification for the favorable treatment of corporate reorganizations?

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Q: Aleshia needs to learn quickly about§ 351 transfers to a controlled

Aleshia needs to learn quickly about§ 351 transfers to a controlled corporation. How should Aleshia approach her research?

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Q: Where does most tax research begin when someone is searching for an

Where does most tax research begin when someone is searching for an answer about a tax dispute?

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Q: Determine whether the following items are primary sources or secondary sources for

Determine whether the following items are primary sources or secondary sources for the purpose of substantial authority. a. Revenue Procedure. b. Article written by a judge in Journal of Taxation. c....

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Q: What are the key components of effective tax planning?

What are the key components of effective tax planning?

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Q: Discuss task-based simulations that are part of the CPA examination

Discuss task-based simulations that are part of the CPA examination.

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Q: Other than raising revenue, what considerations explain various provisions in our

Other than raising revenue, what considerations explain various provisions in our tax laws?

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