Category: Writing

Your client, a physician, recently purchased a yacht on
which he flies a pennant with a medical emblem on it. He recently informed you
chat he purchased the yacht and flies the pennant ro advertise his occupation
and thus attract new patients. He has asked you if he may deduct as ordinary
and necessary business expenses the costs of insuring and maintaining the
yacht. In search of an answer, consult the editorial materials in any tax
service. Explain the seeps taken to find your answer.

1.Internet Research. Access the IRS Internet site at
www.irs.gov and indicate the titles of the following IRS forms:
a. Form 4506
b. Form 973
c. Form 8725
2. Internet Research. Access the Federation of Tax
Administrators Internet sire at www. taxadmin.orglstate-tax-forms and indicate
the titles of the following stare tax forms and publications:
a. Minnesota Form M-100
b. Oklahoma Form 512 2-D
c. North Carolina Form D-403

Internet Research. Access the IRS Internet sire at
www.irs.gov and answer the following questions:
a. How does one file a tax return electronically?
b. How can the taxpayer transmit funds electronically?
c. What are the advantages of electronic filing?

1.Using a Citator. Trace Stephen Bolaris, 776 F.1d 1428, in
the cicator.
a. According to the citator, how many rimes has the Ninth
Circuit ‘s decision been cited?
b. Did the decision address more than one issue? Explain.
c. Was the decision ever cited unfavorably? Explain.
2. Interpreting a Case. Using any tax service, refer ro the
Holden Fuel Oil Company, RIA T.C. Memo 172,045 (T.C. Memo 1972 -45), 31 TCM
184.
a. In which year was the case decided?
b. What controversy was litigated?
c. Who won the case?
d. Was the decision reviewed at the lower court level?
e. Was the decision appealed?
f. Has the decision been cited in ocher cases?

Using a Citator. Trace Biltmore Homes, Inc., a 1960 Tax
Court memo decision, in the citacor.
a. According to the citacor, how many times has the Tax
Court decision been cited by other courts?
b. How many issues did the lower court address in its
opinion? Hint: Refer to the case headnote numbers.
c. Did an appellate court review the case? If so, which one?