PRINCIPLES OF TAXATION F/BUS.+INVEST.
PRINCIPLES OF TAXATION F/BUS.+INVEST.
22nd Edition
ISBN: 9781259917097
Author: Jones
Publisher: MCG
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Chapter 5, Problem 8RP

Find a 2006 10th Circuit Court of Appeals decision involving Roger L. Watkins and answer the following questions. The purpose of these questions is to enhance your skills in reading and interpreting authorities that you locate while doing tax research.

  1. a. What is the complete citation to the case?
  2. b. What is the citation to the original trial court decision to which this appeal relates?
  3. c. In your own words, explain the basic tax issues addressed in the case.
  4. d. Which of the four basic tax planning variables described in Chapter 4 is at issue in this case?
  5. e. Has this case been cited in other cases? If so, how many times?
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Students have asked these similar questions
Individual tax filing requirements and circumstances can change, so it is important to be familiar with the research tools available to you as a tax practitioner. In this discussion, you will consider research resources available for tax preparers and how they can be used in the field. What are the available commercial and noncommercial tax resources that you could utilize as a tax practitioner? Refer to Section 2-2A through 2-2C (specifically, exhibit 2-7) in your textbook for options. Which commercial resource do you think is the most beneficial to a tax practitioner? (Note that you will not be able to access the commercial resources but can find their features on their website.) Which noncommercial resource do you think is the most beneficial to a tax practitioner? How might you use the tax research process (refer to Section 2-3 in your textbook) for utilizing tax resources in preparing individual tax returns. (Think about ways you could use this process to support you in…
Briefly describe the difference between primary and secondary authority in tax law. Using the tax research tool of your choice, locate and cite an example of each and describe the differences between the two sources.
In general, the answer to all tax questions or issues must be traced to:  A. Supreme Court Decision B. an IRS letter ruling C. a tax text book D. the Internal Revenue Code

Chapter 5 Solutions

PRINCIPLES OF TAXATION F/BUS.+INVEST.

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