Provide a statement or advice letter addressed to client analyzing the question presented through relevant: 1) Code section, 2) IRC regulation, 3) a case on point (with similar facts as in your question, NJ or Federal), and 4) a recent article.

Your response should be well organized and neatly presented. Make sure your answer includes the following:

1. Clearly identify your topic and what it is you would like to learn;
2. provide a copy of the code section(s) applicable to your question;
3. indicate how you learned which section applies;
4. provide a copy of an explanatory regulation (which includes an example of your problem);
5. provide a copy of a case which deals with your topic (NJ or Federal);
6. provide a copy of a recent article which deals with your topic (within the last 10 years); and
7. explain which on-line or other resources you used to locate each of the above (code section, regulation, case and article), and provide information on how you navigated through these resources.