Prepare one cases as a file memorandum for tax research. See page 380, Exhibit 11-2 in Ch 11 the browns live in south dakota. They own their home and hold investments in the debt of several domestic corporations. the interest that they received on this debt was gross income to them. To diversify their portfolio, the Browns took out a sizable second mortgage on their home and applied a portion of the proceeds to some City of chandler school bonds. The remainder of the proceeds was used to expand the facilities of Mrs. Brown's dental clinic.. The memorandum must be in a word document.

For your memo, you will be researching any tax topic that interests you. Pose a question that you have and then research that topic using Checkpoint. Your question should be clearly stated in " Issue". For example, a question regarding gifts to charity or deductions related to a second home. The issue that you are researching must be clearly stated. First determine an issue that you would like to research, and then start looking for cases regarding that issue.

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