Research Tax Memo Assignment

Research Tax Memo Assignment
Case
Sabrina Student is a full-time student at Florida International University (FIU),
majoring in Physics. Sabrina is considered by most as a brilliant student and has
been given a $20,000-per-year scholarship. In the current year, Sabrina pays the
following to attend FIU:
Tuition $ 14,000
Required Lab Fees $300
Required Books & Supplies $1,000
Room and Board $4,800
Sabrina is smart enough to know what she doesn’t know (that’s one of the reasons
that she is considered brilliant) and wants to find out the tax consequences
regarding this scholarship. She knows you are a CPA and an FIU graduate, two
things that make you an excellent choice in Sabrina’s book (another indication of her
brilliance). You have a meeting scheduled with her and want to make sure that you
live up to Sabrina’s trust.


Instructions:
Write a memo to the file (2-5 pgs.) using the format indicated below. This memo
should include the following sections: facts, each issue identified as a question, a
conclusion for each issue and analysis for each conclusion.
The analysis of each issue should include only primary authority as support for your
conclusions. There is a list of the proper references for all items that are primary
authority contained in your course blackboard shell. Examples of primary authority
include: the IRS Code, IRS regulations, Revenue Rulings, Court Cases… Textbooks,
websites, IRS publications, etc. are examples of editorial content, not law and
therefore not primary authority. This assignment must be submitted using the
turnitin dropbox contained in the blackboard shell. It will be checked for
plagiarism, so remember to paraphrase.
Additional Information
Given the importance of writing skills in today’s business environment, written
assignments will be subject to rigorous evaluation. Examples of file memoranda can be
found at the M. Tx. Writing Website located at http://www2.gsu.edu/~accerl/