Questions from Individual Taxation

Q: Under what circumstances would the IRS issue an acquiescence? A nonacquiescence

Under what circumstances would the IRS issue an acquiescence? A nonacquiescence? An action on decision?

Q: Juanita, a Texas resident (5th Circuit), is researching a

Juanita, a Texas resident (5th Circuit), is researching a tax question and finds a 5th Circuit case ruling that is favorable and a 9th Circuit case that is unfavorable. Which circuit case has more “au...

Q: Robert has found a “favorable” authority directly on point for

Robert has found a “favorable” authority directly on point for his tax question. If the authority is a court case, which court would he prefer to have issued the opinion? Which court would he least pr...

Q: For each of the following citations identify the type of authority (

For each of the following citations identify the type of authority (statutory, administrative, or judicial) and explain the citation. a. Reg. Sec. 1.111-1(b) b. IRC Sec. 469(c)(7)(B)(i) c. Rev. Rul. 8...

Q: For each of the following citations, identify the type of authority

For each of the following citations, identify the type of authority (statutory, administrative, or judicial) and explain the citation. a. IRC Sec. 280A(c)(5) b. Rev. Proc. 2004-34, 2004-1 C.B. 911 c....

Q: Justine would like to clarify her understanding of a code section recently

Justine would like to clarify her understanding of a code section recently enacted by Congress. What tax law sources are available to assist Justine?

Q: Georgette has identified a 1983 court case that appears to answer her

Georgette has identified a 1983 court case that appears to answer her research question. What must she do to determine if the case still represents “current” law?

Q: J.C. has been a professional gambler for many years

J.C. has been a professional gambler for many years. He loves this line of work and believes the income is tax-free. a. Use an available tax research service to determine whether J.C.’s thinking is c...

Q: Latrell recently used his Delta Skymiles to purchase a free round trip

Latrell recently used his Delta Skymiles to purchase a free round trip ticket to Milan, Italy (value $1,200). The frequent flyer miles used to purchase the ticket were generated from Latrell’s busines...

Q: Randy has found conflicting authorities that address a research question for one

Randy has found conflicting authorities that address a research question for one of his clients. The majority of the authorities provide an unfavorable answer for his client. Randy estimates that if t...