Identify issues-locate and analyze relevant tax authorities

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Reference no: EM132155620

Hugo Mendes was planting a tree when he unearthed 100,000 certificates of ITT bearer bonds, with a current value of $4 million. He speculated that they had been placed there by the former owner of the home (now deceased) at a time when they were worth nearly $400,000. Hugo did not sell the bonds by the end of the year.

Identify the issues, locate and analyze relevant tax authorities. determine best solution to the tax situation.

Reference no: EM132155620

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