Question: Write a tax memo, using correct grammar, spelling, and citations, of at least 5 double-spaced pages on the following tax research problem. You are the

Write a tax memo, using correct grammar, spelling, and citations, of at least 5 double-spaced pages on the following tax research problem. You are the tax accountant. A client, Sam Subs, has the following tax concerns related to his S corporation. (The three equal shareholders are Sam, Mary, his wife, and Tim, his minor son)..

1. The corporation has made a charitable contribution to Tim’s private school to support scholars there (Tim is one of the scholars).

2. The corporation was fined for an OSHA violation and paid an attorney to defend it; deduct?

3. The son is distributed his one-third share of the income; should you question this?

4. The corporation lent Sam money at zero interest payable when he wants to pay it. Problem?

5. The corporation had previously been a C corporation and has substantial income from stocks and bonds. Problem?

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