Tax Discussion
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Get it written →Part One – In your view what is the most important aspect of legislative primary authority for tax research. Also, discuss whether or not we have to always follow the administrative authority that comes from the Treasury Dept/IRS.
Part Two – Hooray won the Florida Mega Millions lottery in January – the prize was $100,000 a year for his lifetime starting this year. He normally spends $500 per month on lottery tickets. What will be Hooray’s possible gross income and deductions for the year ?
– Identify the tax issues that may be involved along with possible keywords you would use,
– Go search and find potential code sections (Ch 3) and administrative rulings (Ch 4) that could hep you determine the correct response (do not look or locate court cases yet)
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