know that this family member does not have the funds to pay the tax liability...
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know that this family member does not have the funds to pay the tax liability at this tie You tell your family member to: a. Pay the tax, file a claim for a refund, and after the claim is disallowed,file aclain in District Court so that the case can be heard before a jury b. File a suit in Tax Court. c. File a suit in the Court of Claims. d. File a suit in the U.S. Court of Appeals. 8. The United States and Country X have a Tax Treaty to avoid double taxationYourice that there is a direct conflict between the Treaty and an administrative regulation on the same issue. Which authority do you follow? 9. law but cannot rely on for s Which of the following sources can you use to research tax tax return position? a. b. c. d. Internal Revenue Code Memoranda decisions of the Tax Court Temporary Regulations Journal of the American Taxation Association For Questions # 10-14, decide whether to include or not include each item in income. Choose the best answer a-f below a. Includable in Gross Income b. Included- Barter c. Included- Services d. Excluded from Gross Income e. Excluded- Imputed income f. Excluded- Capital Recovery 10. Louie borrowed $15,000 from his bank to buy a car. 11. Stasiya, a lawyer, paints her own apartment. Comparable paint job would cont $3,00 12. Joe purchased a parcel of unimproved land for $500,000. He later sells it for $500,000 Assume no depreciation. 13. As a graduation present. Whitney's grandparents pay off $100.000 of her student loans. 14. Patton discovers $10,000 in an abandoned piano
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