TAX RESEARCH PROBLEM: CHECKPOINT ASSIGNMENT INSTRUCTIONSOVERVIEWFor this assignment, you will be submitting a Word document with solutions for the problems detailed below. The purpose of this assignment is for you to apply research principles to relevant scenarios using the Thomson Reuters Checkpoint database. Checkpoint is an extensive database of legal and tax information which you have access to from the Jerry Falwell Library website. The database’s content includes laws, explanations, regulations, cases, IRS materials, news, treatises, and more.
INSTRUCTIONSThese problems should be submitted in the form of a Microsoft Word document, and labeled as follows: last name_problemscheckpoint.doc. Please label each problem and solution with the corresponding numbers and letters so your instructor can follow your work easily. As this is not a formal writing assignment, APA format is not required. Furthermore, there is no need to submit a title page or research page. Just include your full name at the top of the document. You can access the Checkpoint database in a variety of ways, but the easiest way is to use the Business Research Guide on the Jerry Falwell Library website. The Business Research Guide consolidates many of the best business resources the library has to offer.
1. Use Thomson Reuters Checkpoint to answer the following questions:a. What does section 199a of the 2018 tax law give to business owners? Tip: From the Checkpoint homepage, use the main search bar to search “199a tax law.” b. Define Qualified Business Income (QBI). Why is this important?c. What are the threshold amounts that may constrain?d. How do W2 wages constrain?e. What types of organizations qualify for this relief?2. Use the RIA Checkpoint Citator 2nd to evaluate the 2002 Gwendolyn A Ewing Tax Court Case.a. What is its citation and what tax issues does the case address?b. What is the case’s direct judicial history?c. Where is the case annotated in the United States Tax Reporter?d. The Robert Haag case cites the 2002 Ewing case at 94 A.F. T. R. 2nd 2004-6667. What is the Haag case’s treatment of the Ewing case?3. Find the Supreme Court Case involving Corn Products Refining Company (not the one in which rehearing was denied). a. What is the citation of the case?b. How many Supreme Court cases cite the Corn Products case?ACCT 612Page 2 of 3c. Find the related Supreme Court case involving Arkansas Best. What is the secondary source cited by the court in the opinion?d. Use the citator to examine cases that have cited Arkansas Best. Does the case appear to have been reversed or overturned?e. Using the related information links to the FCC, what is the current application of Arkansas Best and Corn Products?4. Use RIA Checkpoint Citator 2nd to evaluate Deluxe Check Printers Inc., 15 c1, Ct. 175.a. Which tax years were in question in the case? How was the case treated upon appeal? What is the citation of the court of appeals case?b. Which doctrine is the basis for part B of the Court of Federal Claims decision? Where is this doctrine discussed in the FTC?c. Which cases and rulings distinguish themselves from the Deluxe Check Printers Court of Federal Claims case?d. How many cases were cited by the Deluxe Check Printers decision? (Hint: Check Citing NOT cited). Does this number of cases seem logical?5. Use the RIA Citator to evaluate 59 A. F. T. R. 2nd 87-392.a. What is the name of the case and what are its parallel citations?b. In which circuit court was this case heard?c. What are the two main issues in the case?d. For the professional fees discussed in the case, which two categories were considered? What did the court decide with respect to each?e. Have any other cases cited McCarthy? Does it modify any previous cases?f. Use the FTC related information button and discuss whether this holding would be true for a transaction today?6. What is the subject of each of the following revenue rulings? Tip: You can use the main search bar on the database homepage to find these. a. Rev Ruling 2015-20b. Rev Ruling 2014-32c. Rev Ruling 77-438d. Rev Ruling 2005-527. Use Checkpoint Citations to answer the following questions:a. What are the thesaurus alternatives for “like-kind”?b. On the search screen, expand the FTC by clicking on the + before the title. What subheadings are listed?c. Expand the IRS Rulings and Releases (RIA). From what year are revenue rulings available?d. There are three access points for current legislation. What are these three points?8. Find the Santa Clara Valley Housing Group case decided in 2010.a. What is its citation?b. Using the citator, determine how many related cases are listed. Of those, what are related directly to the issue in the 2010 case?ACCT 612Page 3 of 39. Use Checkpoint to evaluate the 1956 William H. George Tax Court Case.a. What is the citation for the case?b. What is the title of the paragraph where George is annotated?c. What code section is related to the George case?d. A Revenue ruling cites the George case. What is the citation and title? How does the Revenue Ruling evaluate the George case?10. Use Checkpoint to answer the following:a. Select the Estate Planning Practice Area. Which templates are available for Code & Regs? Now select the Payroll Practice Area. Indicate any differences in the templates available for IRC & Regs.b. Select the Federal Practice Area. Under Fin the Citation, select More…In what year was the oldest general counsel memorandum available in Checkpoint issues?c. Select the Federal Practice Area and expand the heading under IRS Rulings and Releases. Place the cursor over General Counsel Memoranda and click on the Contents icon that appears on the right. What is the exact date of the oldest general counsel memorandum issued available in Checkpoint?d. Select the Federal Practice Area. What type of documents may have the Date Range Search applied to them? What are the oldest available dates for these documents?e. Select the Federal Practice Area. Under Find by Citation, select More…. Then Revenue Ruling. List the Revenue rulings discussing section 1250. (Hint: Use Retrieve Rulings by Code Section at Issue).Note: Your assignment will be checked for originality via the Turnitin plagiarism tool.
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