1. Use Thomson Reuters Checkpoint to answer the following questions: a. What does section 199a of the 2018 tax law give to business owners? Tip: From the Checkpoint homepage, use the main search bar to search "199a tax law." b. Define Qualified Business Income (QBI). Why is this important? c. What are the threshold amounts that may constrain? d. How do W2 wages constrain? e. What types of organizations qualify for this relief? 2. Use the RIA Checkpoint Citator 2nd to evaluate the 2002 Gwendolyn A Ewing Tax Court Case. a. What is its citation and what tax issues does the case address? b. What is the case's direct judicial history? c. Where is the case annotated in the United States Tax Reporter? d. The Robert Haag case cites the 2002 Ewing case at 94 A.F. T. R. 2nd 2004-6667. What is the Haag case's treatment of the Ewing case? 3. Find the Supreme Court Case involving Corn Products Refining Company (not the one in which rehearing was denied). a. What is the citation of the case? b. How many Supreme Court cases cite the Corn Products case?

ACCT 612 Page 2 of 3 c. Find the related Supreme Court case involving Arkansas Best. What is the secondary source cited by the court in the opinion? d. Use the citator to examine cases that have cited Arkansas Best. Does the case appear to have been reversed or overturned? e. Using the related information links to the FCC, what is the current application of Arkansas Best and Corn Products? 4. Use RIA Checkpoint Citator 2nd to evaluate Deluxe Check Printers Inc., 15 c1, Ct. 175. a. Which tax years were in question in the case? How was the case treated upon appeal? What is the citation of the court of appeals case? b. Which doctrine is the basis for part B of the Court of Federal Claims decision? Where is this doctrine discussed in the FTC? c. Which cases and rulings distinguish themselves from the Deluxe Check Printers Court of Federal Claims case? d. How many cases were cited by the Deluxe Check Printers decision? (Hint: Check Citing NOT cited). Does this number of cases seem logical? 5. Use the RIA Citator to evaluate 59 A. F. T. R. 2nd 87-392. a. What is the name of the case and what are its parallel citations? b. In which circuit court was this case heard? c. What are the two main issues in the case? d. For the professional fees discussed in the case, which two categories were considered? What did the court decide with respect to each? e. Have any other cases cited McCarthy? Does it modify any previous cases? f. Use the FTC related information button and discuss whether this holding would be true for a transaction today? 6. What is the subject of each of the following revenue rulings? Tip: You can use the main search bar on the database homepage to find these. a. Rev Ruling 2015-20 b. Rev Ruling 2014-32 c. Rev Ruling 77-438 d. Rev Ruling 2005-52 7. Use Checkpoint Citations to answer the following questions: a. What are the thesaurus alternatives for "like-kind"? b. On the search screen, expand the FTC by clicking on the + before the title. What subheadings are listed? c. Expand the IRS Rulings and Releases (RIA). From what year are revenue rulings available? d. There are three access points for current legislation. What are these three points? 8. Find the Santa Clara Valley Housing Group case decided in 2010. a. What is its citation? b. Using the citator, determine how many related cases are listed. Of those, what are related directly to the issue in the 2010 case?

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Answer To answer the questions 1 a Section 199A of the 2018 tax law provides a deduction for qualified business income QBI for certain passthrough bus... View the full answer