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October 2, 2019

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Accounting, APA, University

36434Required: Use 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. Please type and double space your work. Please 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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