Please make sure the 1st question is prepared in a memo requisite format including:

1. Relevant Facts

2. Specific Issue(s)

3. Conclusion

4. Support

PROBLEMS: Using Checkpoint as the primary resource, complete the following in accordance with the instructions for each problem. IRS forms and related instructions may also be helpful. THIS HW ASSIGNMENT MAY BE COMPLETED IN GROUPS UP TO 5. If so, be sure that all members of the group contribute to and understand the answers provided. 1. Andrea is enrolled in the MSACCY program at the CT Bauer College of Business at the University of Houston. Andrea's grandfather, gifting her the annual gift tax exclusion amounts every year. He would like to help her out even more, but would like the impact on his lifetime exemption kept to a minimum. Thus, he has paid her UH tuition directly. He also gave Andrea an interest free loan of $20,000 earlier this year. Prepare a memo in the requisite format regarding gift tax implications, if any, of the interest free loan. If there are any gift tax implications, be sure to include any suggestions you would make to restructure how to get the $20,000 to Andrea and why. 2. William owns a condo in Aspen that he plans on using for the rest of his life. However, to ensure that his sister, lane, will still own the property after his death, William deeded the remainder of the property to her. He signed the deed transferring the remainder in November 2010, when the condo was worth $250,000 and his life estate was worth $75,000. William died in July 2018; at which time the condo was worth $300,000. What amount, if any, is included in William's gross estate? Explain and provide appropriate citations to support your answer. (No full memo format is required for this one.) PROBLEMS: Using Checkpoint as the primary resource, complete the following in accordance with the instructions for each problem. IRS forms and related instructions may also be helpful. THIS HW ASSIGNMENT MAY BE COMPLETED IN GROUPS UP TO 5. If so, be sure that all members of the group contribute to and understand the answers provided. 1. Andrea is enrolled in the MSACCY program at the CT Bauer College of Business at the University of Houston. Andrea's grandfather, gifting her the annual gift tax exclusion amounts every year. He would like to help her out even more, but would like the impact on his lifetime exemption kept to a minimum. Thus, he has paid her UH tuition directly. He also gave Andrea an interest free loan of $20,000 earlier this year. Prepare a memo in the requisite format regarding gift tax implications, if any, of the interest free loan. If there are any gift tax implications, be sure to include any suggestions you would make to restructure how to get the $20,000 to Andrea and why. 2. William owns a condo in Aspen that he plans on using for the rest of his life. However, to ensure that his sister, lane, will still own the property after his death, William deeded the remainder of the property to her. He signed the deed transferring the remainder in November 2010, when the condo was worth $250,000 and his life estate was worth $75,000. William died in July 2018; at which time the condo was worth $300,000. What amount, if any, is included in William's gross estate? Explain and provide appropriate citations to support your answer. (No full memo format is required for this one.)