You will be assigned one tax research problem that will require: a) utilizing a tax research database such as RIA Checkpoint to access the appropriate IRS code sections, regulations, case studies, etc.; b) reading and analyzing the research materials; c) writing a paper on the results of your analysis; and d) engaging in a classroom discussion about your tax research experience and analysis. Writing standards -- A highly recommended book is the following: Diana Hacker, (2003), A Writer's Reference (Fifth Edition). Boston/New York: Bedford/St. Martin's. Your paper will be double-spaced. using Times New Roman with font size 12. Your work presentation must be clear and legible as would be expected in most professional business settings. Use business syntax; slang is not appropriate. I will upload a sample of tax research
Tax Research Problem:
Your client, Ms. I.M. Gorgeous, is an aspiring actress. She has managed to earn a living doing television commercials but was unable to get the acting parts she really wanted. She decided to have Botox injections in her forehead and collagen enhancements to her lips. After these procedures, her career improved dramatically and she received several movie offers. Ms. Gorgeous is sure that she should be able to deduct the cost of the cosmetic enhancements because she read about another actress having a face-lift in 1988 and deducting the cost on her tax return as a medical expense. Can Ms. Gorgeous deduct the cost of these procedures?
Sample Solution