Jennifer Woods is 32 years old and for the last six years has been employed as a
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Jennifer wants to know if she was correct in deducting her expenses as a deduction for AGI against the winnings from races in which she has won prize money and the sponsorship income she has received.
Using the format for communicating research findings covered in the sample brief, submit a brief memorandum addressed to Jennifer, in which you report your findings. Identify any relevant statutory, regulatory, and judicial authorities, and discuss how these authorities affect your conclusion concerning the tax treatment of Jennifer's bicycle racing expenses.
Can anyone help me find any primary or official sources to help me with this question? Does anyone know the pertinent code of federal regulation that would address this? Also, any treasury or court cases? Any help would be grealty appreciated to at least assist me in getting started.
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Related Book For
Business and Administrative Communication
ISBN: 978-0073403182
10th edition
Authors: Kitty o. locker, Donna s. kienzler
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