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October 2, 2019

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Accounting, APA, University

36432Use the tax resources of the internet to address the question. Do not restrict your search to the web, but include a review of news groups and general reference materials, practitioner sites, primary sources of the tax law, chat rooms and discussion rooms, and any other opportunities.
Your assignment should be at least 500 words and include reference all outside sources.

Topic: You are interviewing a client before preparing his tax return. He indicates that he did not list as income $96,000 received as a recovery for false imprisonment. What should you do with respect to this significant recovery?

Partial list of aids:

CCA 200809001

Daniel and Brenda Stadnyk, T.C. Memo 2008-289

Rev. Rul. 207-14, 2007-1 C.B 747

ss104

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