This Guide book does not teach substantive tax law, which constantly changes, but rather the language of tax, which largely remains constant. Thus, a student who learns how to read the Internal Revenue Code effectively will be able to understand each new tax reform. To that end, A Student's Guide to the Internal Revenue Code: ac Examines statutory organization and language; ac Introduces basic tax constants to provide a frame of reference from which to view tax law, no matter what future tax reform might bring; ac Teaches how to use and research the cases, regulations, and Internal Revenue proclamations; ac Provides numerous problems and exam questions which students can use to test their ability to apply the language of the Internal Revenue Code; and ac Provides sample answers to problems and exams for students to monitor their progress. This eBook features links to Lexis Advance for further legal research options.PROBLEM #4 GAINS DERIVED FROM DEALINGS IN PROPERTY ASSIGNMENT: Code: AsAs 61(a)(3); 1001(a); 1011; 1012; ... Because of the liquidity problems, Fritz agrees to take a 1983 Honda Accord, valued at $10, 000, in lieu of his salary. ... 1.1012-1(a) defines cost as the amount paid in cash or property, not services.
|Title||:||A Student's Guide to the Internal Revenue Code|
|Author||:||I. Richard Gershon, Jeffrey A. Maine|
|Publisher||:||LexisNexis - 2007-10-30|