Question: Need help.Thanks Research Problem 2. Your client, a large construction firm organized as a C corporation, allows certain employees (including the president of the corporation)

 Need help.Thanks Research Problem 2. Your client, a large construction firm

Need help.Thanks

Research Problem 2. Your client, a large construction firm organized as a C corporation, allows certain employees (including the president of the corporation) to use its com- pany-owned airplane for nonbusiness flights. The employees include the va flights in their income. Your client is ur to these nonbusiness flights. In certain situations, the expenses of operating the plane are more than the income imputed to the employees, and in certain circumstances, the expenses are less. In doing some of its own research, your client found Sutherland Lum ber-Southwest, Inc. [114 T.C. 197 (2000)], which suggests that as long as the employee imputes income, the full amount of the related expenses can be deducted. [The decision in the case was affirmed on appeal, Sutherland Lumber-Southwest, Inc u. Comm 2001-2 USTC 150,503, 88 AFTR 2d 2001-5026, 255 F.3d 495 (CA-8, 2001).J Should your client follow the approach in Sutherland? Explain. Use internet tax resources to address the following questions. Look for reliable web- sites and blogs of the IRS and other government agencies, media outlets, businesses, tax professionals, academics, think tanks, and political outlets. Rescarch Problem 3 In reporting the transactions of a self-employed taxpayer, when hecule G of Form 1040

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