Assume you work for an accounting firm and the tax partner in charge has requested a professional memo regarding a tax issue

Assume you work for an accounting firm and the tax partner in charge has requested a professional memo regarding a tax issue. The tax partner desires you follow the five-step process as outlined in the article, “Optimize Your Firm’s Tax Research Methodology: A Practical Guide to Perfecting Your Tax Research Techniques and Achieving Sustainable Tax Return Filing Positions,” as provided in the study materials. Your response should be at least 500 words, but it should not exceed 3 pages. You may use the “Memo Template” resource for this assignment.

Allison is part owner of a law firm, Canyon Law Offices, LLP. Her firm services sports teams and high-wealth individuals, including professional athletes. As part of her job, she entertains clients and travels to their location, where she spends money on meals and entertainment. During her travels she incurs expenses for meals, hotel, airfare, transportation, and other miscellaneous items associated with travel. Additionally, she pays for a luxury box for the local professional basketball team and has season tickets to the local professional football team. Allison tells you, her CPA, that she spent $45,000 on meals and entertainment (including the luxury box and season tickets) during the prior year. She did not keep detailed receipts for each meeting or event, but can recall who she was with, the topics discussed, and the location of each meeting.

Prepare a tax memo for Allison regarding deductibility of meals and entertainment expenses. To support your conclusion, include at least two authoritative sources, such as the Code, Revenue rulings, or Treasury regulations, and at least one tax case specifically regarding meals and entertainment. Include a discussion of the AICPA’s Statements on Standards for Tax Services with regard to your responsibilities as a tax professional. Include any other relevant authoritative sources.

While APA style is not required for the body of this assignment, solid academic writing is expected, any documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance. 

Read “Optimize Your Firm’s Tax Research Methodology: A Practical Guide to Perfecting Your Tax Research Techniques and Achieving Sustainable Tax Return Filing Positions,” by Scalise, from Accounting Today (2016).

URL:https://advance-lexis-com.lopes.idm.oclc.org/api/permalink/1d881a4f-fe9c-46ea-9ef9-22f1aff75ef9/?context=1516831

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our Guarantees

Money-back Guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism Guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision Policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy Policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation Guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
error: