Question: What are KeySearch and the West Key

> Use the Checkpoint State & Local practice area to answer the following questions: a. Select Florida (or Washington if your university is in Florida) as the state of interest and go to the next screen. What tax types are different between the two states?

> Use the Checkpoint State & Local practice area to locate the Bacchus Imports Ltd. v. Herbert H. Dias case using the Federal Cases in the State Taxes option. a. What is the citation for the case, and what court heard this case? b. Which clauses of the U.S

> Describe how your search results would differ if you use the asterisk wildcard versus place the search term in quotation marks, for example, dependent, “dependent”, depend*. List a few synonyms of dependent from the Checkpoint thesaurus.

> Locate the Website for the MTC. a. Define the three levels of membership in the MTC. b. Provide a brief summary of one of the latest articles in the Multistate Tax Commission Review. (Hint: Publications are found in Resources.) c. What is the Nexus Progr

> Use Internet sites to answer the following question: a. Provide the links to three News & Topics sites provided by Tax Sites for states (www.taxsites.com).

> Use the BNA Tax and Accounting Center States tab for the following questions: a. What is the title of State Portfolio 1550? How many worksheets are included in this portfolio? b. Which portfolio explains the state tax effects of the QSSS election for S c

> Describe the parts of a typical BNA state portfolio.

> a. Is there a portfolio for each state? Which state has the most portfolios? b. Generally, what are the portfolio series numbers for the portfolios that address state business entities and transaction issues? c. What are the title and number of the portf

> Use Westlaw Campus Research to answer the following questions regarding the Jensen 178 Cal. App. 4th 426 case: a. In what year was the case decided and by what court? b. Examine the headnote. What three holdings did the court determine? c. What does the

> Use the Westlaw Campus Research State Materials practice area to answer the following questions: a. What document types are available under the State Materials tab for the state of Maine? b. Select All Maine State Cases from part a above and search for t

> Use the service of your choice (RIA, CCH, LexisNexis, or Westlaw) to answer the following questions: a. Locate Complete Auto Transit Inc. v. Brady. What type of tax was being examined in the case? Provide two parallel citations for the case and the name

> a. Select Sources, By Area of Law—Taxation, Filter by—West. Which states does LexisNexis Academic consider western states? b. What treatises and analytical materials are provided for the western states? c. In what year was the current Missouri constituti

> Discuss the citation search capabilities in the Checkpoint State & Local Tax practice area.

> Compare the Multiple Sources search with the State and Local Taxes initial search option in Checkpoint.

> What is the function of the CompareIt feature in Checkpoint?

> What are the purposes of the MTC?

> List some of the more common modifications to federal income to arrive at state income.

> a. Locate the following court case: T. C. Memo 1986-512. What is its citation, what court heard it, and when was it decided? b. Apply the Shepard’s Citator to the above case. How many citing decisions are there for this case? How many headnotes? c. Shoul

> Explain how the passage of a state tax bill is similar to the passage of a federal law.

> Describe how a mail-order business uses P.L. 86-272 to avoid taxation by states.

> Use the BNA Tax and Accounting Center to answer the following questions: a. What options are available in the Advanced Search? b. What actions do the following search operators (connectors) perform: spaces between words, question mark (?), and asterisk (

> a. Use the keyword index for the U.S. Income portfolios and find New York Liberty Zone. What is the portfolio number (and section) that discusses the definition of New York Liberty Zone property? b. In the portfolio identified in a, what is demonstrated

> Use the BNA Tax and Accounting Center to answer the following questions: a. Use the Guided Search function and select Fast Answers: Federal Tax. What revenue procedure covers the safe harbor for deducting home-office expenses in lieu of actual expenses?

> Describe the Boolean connectors, proximity connectors, and wildcard characters available in Checkpoint.

> Use the BNA Tax and Accounting Center to answer the following questions: a. Which U.S. Income Portfolios cover gross-income related topics? b. Find the Green Incentives Monitor. How many days in the month of September 2016 did the Green Incentives Monito

> Use LexisNexis Academic Browse Sources by Area of Law, Taxation Law to answer the following questions: a. How many United States sources (U.S. All Regions) are available for the Treatises & Analytical Materials library? b. Locate the most recent article

> a. What types of sources are provided in the Tax Law library? (Hint: After selecting Tax Law, use Advanced Search to reveal the sources.) b. Furnish the title of the most recent UCLA Law Review article that discusses the zombie apocalypse. c. One of the

> a. Using the judge’s last name Sotomayor, determine the treatments of the petitions for writ of certiorari decided on October 7, 2013. Also provide the full name of each case and from which court of appeals the writ originated. b. When using terms and co

> Using the LexisNexis Academic Sources option to do the following: a. Find the law review article from 2014 that results from a search for “dutch sandwich,” using quotes for this search. What are the title, author, and publication? b. What sources are ava

> a. From the home page, select Search by Subject or Topic, select the Tax Law database, and perform a terms and connectors search using the following terms: taxing, barter, and baby-sitting with “and” connectors. How many law review documents are in the r

> a. Perform a search for the source revenue procedure. Does a source that contains the IRS revenue procedures result? b. Use the BROWSE option to find a source, and restrict the search to the Taxation Area of Law and select United States as the country. W

> Use Lexis Advance Tax to answer the following questions: a. Select the Tax Overview tab. What are the three segments that can be searched in the search word drop-down? b. Select the News Tab. What sources are listed? c. Select the Sources tab. What docum

> Use Lexis Advance Tax to answer the following questions. a. What is the update schedule for the IRS Chief Counsel Advice? b. Which law reviews are offered as separate databases? c. Use the Lexis Tax Advisor—Federal Code Reporter to find IRC § 74. What i

> Use Lexis Advance Tax to answer the following questions. (Hint: Click on the “i” for information.) a. What is the frequency and update schedule for the IRS Chief Counsel Advice? b. Since when have California Attorney General opinions been included in Lex

> Use Westlaw Campus Research to answer the following questions: a. What is subchapter B of title 26, subtitle A, chapter 1 of the Code of Federal Regulations? b. What IRC section covers the inclusion of the rental value of parsonages? c. What is the key n

> Explain the difference between a terms and connectors search and an intuitive search.

> Use Westlaw Campus Research to answer the following questions: a. Find the House proceeding during which the bill to add flu vaccines to the list of taxable vaccines was discussed on the House floor and was passed by the House. What is the date of this p

> Use Westlaw Campus Research to answer the following questions: a. Using Find Case by Party Name, locate the 2008 Supreme Court case, Boulware. Provide the Federal, Westlaw, RIA, and CCH citations for the case. b. Under Practice Areas, what secondary reso

> Use Westlaw Campus Research to answer the following questions: a. What is the New Mexico regulation that defines “base income?” b. Find the Armstrong v. Commonwealth of the Northern Mariana Islands Supreme Court action that occurred in June 2010. Was cer

> Explain how the RELATED DOCUMENTS links provide researchers with an efficient researching capability.

> Use Westlaw Campus Research to answer the following questions: a. What is the Westlaw Key Number for Gross Income under Taxation? b. Find Stewart v. U.S., 106 F.2d 405. Which court presided over this case? c. According to Westlaw’s KeyCite flag, what is

> Use Westlaw Campus Research to answer the following questions: a. Find Reg. § 1.61-11. What is the subject matter of this regulation? b. Which American Law Reports—Tax covers the theft of grain as a casualty or theft loss under IRC § 165? c. Find 169 A.L

> Use the BNA Tax Management portfolios to answer the following questions: a. What is the portfolio number (and section) that discusses the issue of a stuffing allocation to a redeeming hedge-fund partner? b. Which Sales and Use Portfolio discusses the tru

> Use the BNA Tax and Accounting Center to answer the following questions: a. Use a Go To search to find 30 T.C. 757. What is the issue in this case? b. Using a Guided Search, determine which Expert Analyses cite 30 T.C. 757. c. Using an Advanced Search, s

> Describe the Working Papers section of a BNA tax management portfolio.

> How is each BNA portfolio arranged?

> Why might some researchers find the citators in Westlaw or Shepards’ superior to those found in Checkpoint or IntelliConnect?

> Explain how the related information buttons provide researchers with an efficient researching capability.

> Using an example, describe the steps a researcher might take after using a broad keyword search to narrow the search down.

> Use Lexis Advance Tax to answer the following questions: a. Use the Florida Practice Insights to determine whether having a third party sell your out-of-state corporation’s gift cards in its Florida stores is likely to create nexus. b. What section of th

> Use the CCH IntelliConnect Tax Research Consultant to perform a keyword search on the topic of making an election to defer the determination of whether an activity is not engaged in for profit (hobby) until after the fourth year. Use the following terms:

> Use the CCH IntelliConnect Practice Tools database to answer the following questions: a. Using the Election and Compliance Toolkit, determine what election might need to be made to elect to expense the cost of property under IRC § 179 (not mine equipment

> Use the CCH IntelliConnect Browse function and select the Federal Tax Editorial Content heading to answer the following questions: a. Using Quick Answers Tax Rates, Tables and Credits, determine the personal exemption amounts for the previous three years

> Use the CCH IntelliConnect Browse to locate topical indexes for answering the following questions: a. What are the major headings for the letter “Y” in the current Internal Revenue Code topical index? b. What are the first and last countries listed unde

> Use the CCH IntelliConnect Federal Tax database to answer the following questions: a. What are the major Federal Tax database categories provided? b. Select 2007 in the Federal Tax Archives. What is the highest amount of taxable income a single taxpayer

> You are trying to find the current standard deduction amount for an individual. a. Using a contents search, locate Chapter 1 (Individuals), Computation of Tax Liability, in the U.S. Master Tax Guide for the most current year. What is the standard deducti

> Using CCH IntelliConnect Tax Research Consultant: a. Using the + symbols in the BROWSE window, how many subheadings for Individuals exist in the contents? b. What paragraph covers the basis allocation for charitable deductions for bargain sales to charit

> Use the CCH IntelliConnect Citator to evaluate the 2006 Gwendolyn A. Ewing case. a. What is the case’s citation, and what tax issues does the case address? b. What is the case’s direct judicial history? c. Where is the case annotated in the Standard Fede

> List the three significant editorial services provided by IntelliConnect and discuss the differences between them.

> Use the CCH IntelliConnect Citator to answer the following questions regarding the 19th revenue procedure of 2002: a. What does this procedure address? Which code sections are involved? b. What is its current status? c. What types of pronouncements have

> What are the four criteria for imposition of state taxation set forth in Complete Auto Transit, Inc.?

> What is an advantage to using an index search to find documents of interest?

> Name at least two practice areas in Checkpoint and describe the contents briefly.

> Apple Inc.’s iTunes® provides digital products, such as music, video, and software, which can be downloaded to portable devices such as the iPhone® and iPad®. Purchases from iTunes are made with credit cards that are on file with the credit card processi

> During the current month, the following errors occurred in recording transactions in the purchases journal or in posting from it: a. An invoice for $1,875 of supplies from Kelly Co. was recorded as having been received from Kelley Co., another supplier.

> The following account balances were taken from the adjusted trial balance for Laser Messenger Service, a delivery service firm, for the fiscal year ended April 30, 2019: Prepare an income statement. $ 8,650 Rent Expense 674,000 Salaries Expense 1,5

> New Wave Images is a graphics design firm that prepares its financial statements using a calendar year. Manny Kinn, the company treasurer and vice president of finance, has prepared a classified balance sheet as of December 31. In January, this balance s

> Assume that you recently accepted a position with Five Star National Bank & Trust as an assistant loan officer. As one of your first duties, you have been assigned the responsibility of evaluating a loan request for $300,000 from West Gate Auto Co.,

> Most computerized accounting systems use electronic forms to record transaction information, such as the invoice form illustrated at the top of Exhibit 7 in this chapter. a. Identify the key input fields (spaces) in an electronic invoice form. b. What ac

> Netbooks Inc. provides accounting applications for business customers on the Internet for a monthly subscription. Netbooks customers run their accounting system on the Internet; thus, the business data and accounting software reside on the servers of Net

> The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 2019, the end of the fiscal year, the accountant for The Gorman Group prepared an end-of-period spreadsheet, part of which follows: Instructio

> For the past few years, your client, Omni Care, has operated a small medical practice. Omni Care’s current annual revenues are $945,000. Because the accountant has been spending more time each month recording all transactions in a two-column journal and

> Internet-based accounting software is a recent trend in business computing. Major software firms such as Oracle, SAP, and NetSuite are running their core products on the Internet using cloud computing. NetSuite is one of the most popular small-business I

> Starbucks Corporation reported the following geographical segment revenues for a recent and a prior fiscal year: a. Prepare a horizontal analysis of the segment data using the prior year as the base year. Round whole percents to one decimal place. b. P

> For each of the following companies, determine what they primarily sell and whether their e-commerce strategy is primarily business-to-consumer (B2C), business-to-business (B2B), or both. Use the Internet to investigate each company’s site in conducting

> Last Chance Company offers legal consulting advice to prison inmates. Last Chance Company prepared the end-of-period spreadsheet shown below at June 30, 2019, the end of the fiscal year. Instructions 1. Prepare an income statement for the year ended Jun

> For the past several years, Jeff Horton has operated a part-time consulting business from his home. As of April 1, 2019, Jeff decided to move to rented quarters and to operate the business, which was to be known as Rosebud Consulting, on a full-time basi

> The following revenue transactions occurred during August: Aug. 4. Issued Invoice No. 162 to Carson Enterprises Co. for services provided on account, $255. 15. Issued Invoice No. 163 to City Electric Inc. for services provided on account, $340. 25. Issue

> AquaFresh Water Testing Service was established on April 16. AquaFresh uses field equipment and field supplies (chemicals and other supplies) to analyze water for unsafe contaminants in streams, lakes, and ponds. Transactions related to purchases and cas

> Sterling Forest Landscaping designs and installs landscaping. The landscape designers and office staff use office supplies, while field supplies (rock, bark, etc.) are used in the actual landscaping. Purchases on account completed by Sterling Forest Land

> The following income statement data for AT&T Inc. and Verizon Communications Inc. were taken from their recent annual reports (in millions): a. Prepare a vertical analysis of the income statement for AT&T. Round to one decimal place. b. Prepare

> The debits and credits from three related transactions are presented in the following creditor’s account taken from the accounts payable ledger: Describe each transaction and identify the source of each posting. NAME ADDRESS Apex

> Apex Systems Co. offers its services to residents in the Seattle area. Selected accounts from the ledger of Apex Systems Co. for the fiscal year ended December 31, 2019, are as follows: Prepare a statement of owner’s equity for the ye

> The following cash receipts journal headings have been suggested for a small service firm. List the errors you find in the headings. CASH RECEIPTS JOURNAL Page 12 Account Credited Post. Ref. Fees Earned Cr. Accts. Rec. Cr. Cash Cr. Other Accounts Dr

> Using the following cash payments journal, identify each of the posting references, indicated by a letter, as representing (1) A posting to a general ledger account, (2) A posting to a subsidiary ledger account, or (3) That no posting is required. C

> Using the following purchases journal, identify each of the posting references, indicated by a letter, as representing (1) A posting to a general ledger account, (2) A posting to a subsidiary ledger account, or (3) That no posting is required: PURCH

> Lasting Summer Inc. has $2,510 in the October 1 balance of the accounts receivable account consisting of $1,060 from Champion Co. and $1,450 from Wayfarer Co. Transactions related to revenue and cash receipts completed by Lasting Summer Inc. during the m

> Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepared for the year ended June 30, 2019: Based on the preceding spreadsheet, prepare an income statement, statement of owner&ac

> How are revenues and expenses reported on the income statement under (a) The cash basis of accounting and (b) The accrual basis of accounting?

> Transactions related to revenue and cash receipts completed by Sycamore Inc. during the month of March 20Y8 are as follows: Mar. 2. Issued Invoice No. 512 to Santorini Co., $905. 4. Received cash from CMI Inc., on account, for $205. 8. Issued Invoice No.

> At the end of August, the first month of operations, the following selected data were taken from the financial statements of Tucker Jacobs, an attorney: Net income for August ………â€&br

> The revenue and cash receipts journals for Polaris Productions Inc. follow. The accounts receivable control account has a January 1, 20Y4, balance of $3,790 consisting of an amount due from Clear Pointe Studios Inc. Prepare a listing of the accounts re

> The following is an excerpt from a telephone conversation between Ben Simpson, president of Main Street Co., and Tami Lundgren, owner of Reliable Employment Co.: Ben: Tami, you’re going to have to do a better job of finding me a new computer programmer.

> The revenue journal for Sapling Consulting Inc. follows. The accounts receivable controlling account has a July 1, 20Y2, balance of $625 consisting of an amount due from Aladdin Co. There were no collections during July. a. Prepare a T account for the

> The following data are taken from recent financial statement of Nike, Inc. (in millions): a. Determine the amount of change (in millions) and percent of change in net income from Year 1 to Year 2. Round to one decimal place. b. Determine the percentage

> Horizon Consulting Company had the following transactions during the month of October: Oct. 2. Issued Invoice No. 321 to Pryor Corp. for services rendered on account, $595. 3. Issued Invoice No. 322 to Armor Inc. for services rendered on account, $310. 1

> The debits and credits from three related transactions are presented in the following customer’s account taken from the accounts receivable subsidiary ledger: Describe each transaction and identify the source of each posting. Miss

> Assuming the use of a two-column (all-purpose) general journal, a purchases journal, and a cash payments journal as illustrated in this chapter, indicate the journal in which each of the following transactions should be recorded: a. Payment of six months

> FedEx Corporation had the following revenue and expense account balances (in millions) for a recent year ending May 31: Prepare an income statement. $2,611 Purchased Transportation 3,720 Rentals and Landing Fees $ 8,483 Depreciation Expense Fuel Ex

> Assuming the use of a two-column (all-purpose) general journal, a revenue journal, and a cash receipts journal as illustrated in this chapter, indicate the journal in which each of the following transactions should be recorded: a. Receipt of cash refund