Prepare a tax research memo for the tax files

Assignment Help Taxation
Reference no: EM13962336

Tax memo

Background:

Roger is a very loyal Aztec basketball fan who graduated from SDSU in 2014. In 2015 he decided to join SDSU's ticket program, which required a $1,000 "contribution" to SDSU which then provided him the "right" to purchase tickets. Roger decided to purchase season tickets for $800. Roger understands that the cost of the season tickets is not tax deductible as a charitable contribution, but contributions to a university are generally tax deductible.

Your responsibility:

Prepare a tax research memo for the tax files regarding the federal income tax treatment of the deductibility of the contribution to SDSU in the amount of $1,000 for the "right" to purchase tickets to basketball games for 2015. You will need to support your conclusion using primary sources of tax law. Your textbook is NOT primary authority.

You must use proper citation form in your memo. The form for this communication should be professional and in the form of a tax research memo (example posted on Blackboard and a similar example in your text on p. 2-21). Do yourself a favor and look at the grading rubric before you submit.

This memo should be whatever length you feel is appropriate to resolve the issues. We do NOT use a bibliography or list of references in a tax research memo. You will see that citations are within the text of the document in the example. Once a court case has been cited in full, it can be referred to using simply the name in italics.

Reference no: EM13962336

Questions Cloud

What were the three most challenging concepts presented : What were the three most challenging concepts presented? What do you think were the three most interesting managerial accounting concepts we covered over the past 5 weeks?
To determine the magnetic field acting on c : Using the right-hand rule, we know the magnetic field at the top of the arc is into the page and the magnetic field at the bottom of the arc is out of the page.
Determine the mass of object c : The mobile in the figure below is in equilibrium. The object B has mass of 0.860 kg. Determine the mass of object C. Assume L1 = 30.6 cm, L2 = 7.90 cm, L3 = 15.0 cm, L4 = 5.00 cm, L5 = 16.9 cm and L6 = 5.00 cm. (Neglect the weights of the crossbar..
How is the auditing of application system carried out : How is the auditing of application system carried out? What are the four (4) most important specific functions of configuration management and why are they important
Prepare a tax research memo for the tax files : Prepare a tax research memo for the tax files regarding the federal income tax treatment of the deductibility of the contribution to SDSU in the amount of $1,000 for the "right" to purchase tickets to basketball games for 2015.
Briefly describe the company that you researched : Briefly describe the company that you researched and its experience with cryptographic software. Analyze the company's actions (or lack thereof) following the mistake and / or vulnerability
How does the normal force compare to the weight of the block : A 2-mass system is established as shown in the animation above. The 2.0-kg mass is sliding on a surface inclined at 59.5 degrees. The 2.5-kg hanging mass is allowed to drop from rest. It takes 2.1 seconds for the hanging mass to fall through 1.5 m..
Versatile cryptographic algorithm : Stallings states, "...perhaps the most versatile cryptographic algorithm is the cryptographic hash function." Give your opinion as to whether or not you agree or disagree with him. Provide a rationale for your response
At what point on the x axis shown is the net magnetic field : If the two currents are doubled, is the point of zero magnetic field shifted toward wire 1, shifted toward wire2, or unchanged?

Reviews

Write a Review

Taxation Questions & Answers

  Evaluate the tax on the total cumulative gifts

How do I evaluate the tax on the total cumulative gifts of 1,548,000? The answer is given to us which is 577,400 but we require to show how we got to that answer. Please help.

  John jones runs a small practice providing accounting and

john jones runs a small practice providing accounting and taxation services to local businesses. during 200910 he

  Explain the purpose of a flexible budget suppose a manager

explain the purpose of a flexible budget. suppose a manager claims flexible budgets are useful because costs are

  What are three types of special tax credits

What are three types of special tax credits and what are the limitations on special tax credits? Why do these credits exist?

  The income tax return may be prepared manually or using the

the income tax return may be prepared manually or using the software or some other federal income tax or information

  Evaluate the maximum tax benefit

Prepare the 2012 Form 1040 and all other required Federal forms and schedules for Brett Simons. The returns should be prepared taking the maximum tax benefit allowable into consideration. Round all amounts to whole dollars.

  Calculate johnsons expense deduction

Calculate Johnson's expense deduction using the 2009 Form 2106 (Employee Business Expenses) based on actual automobile expenses and other employee business expenses.

  Brian bradley a schedule year taxpayer purchased 1000

brian bradley a schedule year taxpayer purchased 1000 shares of newton corp. on 23rd october 2011 for 15000. he sold

  Foreign currency translationour foreign subsidiaries and

foreign currency translationour foreign subsidiaries and investments generally report their earnings in their local

  What tax issues should mary ann consider

Mary Ann visits Hazel twice a week and meets with doctors and nurses regarding Hazel's medical care. What tax issues should Mary Ann consider?

  Determine rondo''s tax basis in his r&l stock

Determine Rondo's tax basis in his R&L stock if R&L is formed as a C business?

  What amount can katie claim as a tax deduction

Based on this information what amount can Katie claim as a tax deduction under s 25-10 ITAA 97 in the year ended 30 June 2012 (nearest $1)? Support your answer with reference to appropriate authority.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd