I need Help with this assignment which is a tax research memo. I send you some attachments that could help you better prepare the assignment. The first Attachment is the problemThe writing assignments will be graded based on grammar, style of writing, logical development of ideas, critical thinking skills, and technical accuracy of the analysis and conclusions, using a rubric which will be found along with the assignment. Examples of file memoranda can be found at the M. Tx. Writing Website located at M. Tx. Writing Website .

Panther\tCorporation Ally,\tBettina\tand\tCarly\tare\tsisters\tand\teach\town\t100\tshares\tof\t300\tshares outstanding\tof\tPanther\tCorporation. They\thave\tenjoyed\trunning\tthe\tbusiness together\tfor\tseveral\tyears\tand\thave\tbeen\tsuccessful. Ally\tis\tgetting\tmarried\tand moving\tto\tCalifornia. She\tfeels\tshe\tcan\tno\tlonger\tbe\tinvolved\tin\tthe\tbusiness\tand wants\tto\tsell\ther\tstock,\twhich\thas\ta\tbasis\tof\t$40,000\tand\ta\tFMV\tof\t$100,000.\tEither Bettina\tand/or\tCarly\tcan\tpurchase\tAlly's\tshares\tor\tPanther\tcan\tredeem\tall\tof\tthem. Panther\thas\ta\t$220,000\tE\t&\tP\tbalance. Required: Prepare\ta\tmemorandum\tfor\tyour\tmanager\tcomparing\tthe\ttax consequences\tof\tthe\ttwo\toptions. Be\tsure\tto\tuse\tonly\tprimary\tauthority\tto\treference all\tyour\tconclusions. Citation to Primary Authority PRIMARY AUTHORITY CITATION Committee Report Internal Revenue Code Treasury Regulation - final Treasury Regulation - proposed Treasury Regulation - temporary Revenue Ruling - temporary cite Revenue Ruling - permanent cite Revenue Procedure - temporary cite Revenue Procedure - Permanent cite Announcement - Temporary cite Announcement - Permanent cite Notice - Temporary citation Notice - Permanent citation Private Letter Ruling U.S. Tax Court- regular decision U.S. Tax Court - memorandum decision Acquiescence U.S. District Court U.S. Court of Federal Claims U.S. Court of Appeals U.S. Supreme Court House Committee on Ways and Means, H.Rep. No 432, 98th Cong., 2d Sess. (March 5, 1984). Sec. 469 (e)(1)(A). Reg. Sec. 1.269-1(a)(3). Prop. Reg. Sec. 1.704-3(c). Temp. Reg. Sec. 1.441-1T(a)(2). Rev. Rul. 84-101, 1984-28 I.R.B. 5. Rev. Rul. 54-56, 1954-2 C.B. 108. Rev. Proc. 93-15, 1993-3 I.R.B. 12. Rev. Proc. 88-12, 1988-1 C.B. 17. Ann. 2011-77, 2001-30 I.R.B. 83. Ann. 2001-77, 2001-2 C.B. 83. Notice 2002-64, 2002-41 I.R.B. 690. Notice 2002-64, 2002-2 C.B. 690. LTR 8450056 (PLR) or LTR 200343030 (PLR) J.B. Linderman, 60 T.C. 609 (1973) Thomas E. Lesslie, 36 TCM 495 (1977), T.C. Memo 77,111. Phillip G. Larson, 66 T.C. 159 (1976), acq. 1979-1 C.B. 1. Arnold v. U.S., 289 F. Supp. 206, 68-2 USTC 9590, 22 A.F.T.R.2d 5661 (E.D. N.Y., 1968) Zuchman v. U.S., 524 F.2d 729, 75-2 USTC 9778, 36 A.F.T.R.2d 75-6193 (Cl. Ct., 1975) Comm. V. Percy W. Phillips, 275 F. 2d 33, 60-1 USTC 9294, 5 A.F.T.R.2d 855 (4th Cir., 1960). Commissioner v. Duberstein, 363 U.S. 278, 80 S. St. 1190, 60-2 USTC 9515, 5 A.F.T.R.2d 1626 (1960) Temporary cite - Refers to Internal Revenue Bulletins which are published weekly. Permanent cite - Refers to Cumulative Bulletin (C.B.) which is printed semiannually and includes IRS pronouncements, previously included in a weekly bulletin. Citations should be to the C.B. unless it is not contained in the most recent C.B. Acquiescence - Whenever the IRS indicates that it will accept the decision of the court, it should be included in the citation by adding acq. followed by the citation to the bulletin where the acquiescence can be found. If the IRS indicates that it will not accept the ruling by nonacquiescence this is also cited as nonacq. followed by reference to bulletin