Tax Research Memo 4 Instructions

Tax Research Memo 4 Instructions

For this assignment, you will be submitting a tax research memo regarding the scenario detailed below. The memo will be due by 11:59 p.m. (ET) on Friday of Module/Week 8. The purpose of this assignment is for you to research the proper taxation of IRA distributions.

 

The memo should be submitted in the form of a Microsoft Word document, using only the template provided, and labeled as follows: lastname_memo4.doc. The Relevant Facts, Specific Issues, and Conclusions sections of the memo should be thorough but concise. The key portion of the memo will be the Support section, which should be properly supported by appropriate regulation citations (be specific with section, number, paragraph, and subparagraph as applicable).

 

As this is a memo, and not a formal writing assignment, APA format is not required. Furthermore, there is no need to submit a title page or research page. Just substitute “Your Firm” at the top of the memo with your full name.

 

Prepare (in good form) a research memorandum to the file.

 

SCENARIO: Robert Jones has just rendered service for a taxpayer as an expert witness in a case heard by the U. S. Tax Court. The taxpayer is requesting reimbursement for Jones’ fees and for those amounts paid to her attorney in presenting the case. Jones’ billing rate for this type of engagement is $500 per hour, the market rate for such services in his city, plus out- of- pocket expenses (e. g., auto mileage, computer charges). How much of Jones’ fee will the taxpayer recover?

Tax Research Memo Template

 

 

Your Firm

Your Town and State

Date

 

Relevant Facts

 

 

 

 

 

Specific Issues

 

 

 

 

 

Conclusions

 

 

 

 

 

Support

 

 

 

 

Actions to Be Taken

 

________ Discuss with client. Date discussed ________

 

________ Prepare a memo or letter to the client

 

________ Explore other fact situations

 

________ Other action. Describe:___________________________

 

_______________________________________________________

 

 

 

Preparer ________                  Reviewer ________                 Partner ________

Tax Research Memo Grading Rubric

Criterion	Points Possible	Points Given	Instructor Comments
Identified the relevant facts and specific issues of the scenario	15
Presented the correct conclusion for the scenario	20
Properly supported conclusion with comprehensive explanation and applicable regulation citations	30
Readability (spelling, grammar, flow, etc.)	10
Total Points	75

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