The purpose of this tax research assignment is to help you develop skills in researching tax issues. The final deliverable for this project will be a written paper which should be at least 1 full page single-spaced of content, 12 point font, 1” margins. Double-spacing is required between paragraphs, and indent the first line. Always include references, even if it is just your course content.
Use the attached template to include a cover page, your content section, and the final page of references.
Assignment: Please answer the four questions below as completely as possible.
1) Compare and contrast the three types of tax law sources and give examples of each. (Under Course Resources on the bottom left menu, under Course Content, you will find a good review of the three types. U.S. Tax System)
2) What are the basic differences between regulations, revenue rulings, and private letter rulings?
3) How is the Internal Revenue Code organized, and what are some reasons why understanding the organization of the Internal Revenue Code may prove useful?
4) In writing a tax law case brief, what is the FICA model of writing a brief and what information should be presented in each of the sections on Facts, Issue, Conclusion, and Analysis (FICA)? It is also sometimes called FIHR, for Facts, Issue, Holding and Rationale. They are essentially the same thing.