AMENDED ASSIGNMENTS FOR WEEK THIRTEEN

Assignment for Tuesday, November 17

In Chapter 37 read Part I on page 875 and review the Gilmore case on pages 878 to top of 882. In Chapter 19C read pages 472-73 and study the IRC sections and regulations listed on page 471, and review the IRC sections and regulations in Parts One (on alimony) and Two (on property division). Then complete Part Three of the Substitute Problems, which covers Chapters 37 and 19C.

Assignment for Wednesday, November 18

In class, we will discuss the questions on the semester review assignment that was handed out in class and posted to the Course Page. In preparation for this discussion, complete the problems on the semester review assignment. Also read the instruction page for your final exam that also was handed out in class and posted to the Course Page. Any questions you have about the exam instructions can be answered in class today or via email.

Assignment for Thursday, November 19

In lieu of a class meeting, complete the Online Review for Chapter 37 with Chapter 19C. For purposes of attendance, submit a report of your results via email (williams_vf@mercer.edu) or (wilson_s@law.mercer.edu) or in written form to Susan Wilson or in class on Wednesday, November 11. You may write a summary or use the Attendance Reports. Whatever method you use, provide your name, the number of questions you got correct, and which questions, if any, you missed. You may work in your study group, and you may submit one paper for the group if you wish. If you submit a group report, please list all members of your group. Please provide any comments you have that would help me in improving the reviews and assessing whether they are helpful to you.

HAPPY THANKSGIVING AND GOOD LUCK ON EXAMS!

ASSIGNMENTS FOR WEEK THIRTEEN

Assignment for Tuesday, November 17

In Chapter 37 read Part I on page 875 and review the Gilmore case on pages 878 to top of 882. In Chapter 19C read pages 472-73 and study the IRC sections and regulations listed on page 471, and review the IRC sections and regulations in Parts One (on alimony) and Two (on property division). Then complete Part Three of the Substitute Problems, which covers Chapters 37 and 19C.

Assignment for Wednesday, November 18

Study Chapter 19, Part A on Moving Expenses including the IRC sections and regulations listed on page 463 and complete the problems on page 463.

Assignment for Thursday, November 19

In class, we will discuss the questions on the semester review assignment that was handed out in class and posted to the Course Page. In preparation for this discussion, complete the problems on the semester review assignment. Also read the instruction page for your final exam that also was handed out in class and posted to the Course Page. Any questions you have about the exam instructions can be answered in class today or via email.

HAPPY THANKSGIVING!

ASSIGNMENTS FOR WEEK TWELVE

Assignment for Tuesday, November 10

In lieu of a class meeting, complete the Online Review for Chapters 6, 11, 15A, and 34 and the combined Online Review for Chapters 12 and 13. For purposes of attendance, submit a report of your results via email (williams_vf@mercer.edu) or (wilson_s@law.mercer.edu) or in written form to Susan Wilson or in class on Wednesday, November 11. You may write a summary or use the Attendance Reports. Whatever method you use, provide your name, the number of questions you got correct, and which questions, if any, you missed. You may work in your study group, and you may submit one paper for the group if you wish. If you submit a group report, please list all members of your group. Please provide any comments you have that would help me in improving the reviews and assessing whether they are helpful to you.

Assignment for Wednesday, November 11

In Chapter 37 read pages 863 to 869 (through D). Study IRC sections 61(a)(8); 62(a)(10); 71; and 215(a) - (c). Study Regulation § 1.71-1T, Q&A 1-10, 13-14. Then complete the problems in Part One of the Substitute Problems for Chapter 37.

Assignment for Thursday, November 12

In Chapter 37 study pages 871 (Part G) through Part I on page 875. Study IRC § 71(c) and § 1041(a)-(c). Also study Reg. § 1-71-1T, Q&A 15-18; and § 1.1041-1T, Q&A 1-12. Then complete the problems in Part Two of the Substitute Problems for Chapter 37. Review the IRC sections and regulations in Part One.

ASSIGNMENTS FOR WEEK 11

Assignment for Tuesday, November 3

Complete the assignment for Chapter 13, Capital Expenditures, Part One.

In Chapter 13, Capital Expenditures, study pages 280 to the middle of page 286. Complete the Substitute Problems for Chapter 13, Part One. Study the IRC sections and regulationss listed on page 278 but omit § 1.162-4 and -6.

Assignment for Wednesday, November 4

Complete the assignment for Chapter 13, Capital Expenditures, Part Two

The second assignment for Chapter 13, Capital Expenditures, is to study pages 286, Part 2, to the top of page 294; and page 299 through page 308. Complete Part Two of the Substitute Problems for Chapter 13. Review the IRC sections and regulations listed on page 278 studied for Part 1.

Assignment for Thursday, November 5

Study Chapter 19, Part A on Moving Expenses including the IRC sections and regulations listed on page 463 and complete the problems on page 463.

ASSIGNMENTS FOR WEEK TEN

Assignment for Tuesday, October 27

Complete the first assignment for Chapter 12, Business and Profit Seeking Expenses

The first assignment for Chapter 12 is to study pages 244 through page 257 and pages 265-271 and pages 273 through 276. Note - as you read the case of Welch v. Helvering on page 265, study it as a failure of proof case that Taxpayer could have won had the best argument been made (as was done in the Conway Twitty case). Study IRC § 161, § 162(a) and (m)(1), § 261, § 262(a), and § 263(a), and Regulations § 1.162-1(a) (1st 4 sentences), -3, -4, -6, -7(a) - (b)(3),
-8, and -9. Complete Part One of the Substitute Problems for Chapter 12.

Assignment for Wednesday, October 28

Complete the second assignment for Chapter 12, Business and Profit-Seeking Expenses

The second assignment for Chapter 12 is study pages 258 through 264 and pages 267 through to the top of page 273. Review IRC §§ 161, 162, and 263(a). Study IRC § 211 and 212 and Regulations § 1.212-1(a), -1(e), -1(f), -1(g), -1(l), -1(o), and § 1.262-1(b)(8), -1(c). Complete Part Two of the Substitute Problems for Chapter 12.

Assignment for Thursday, October 29

In Chapter 15, Part A on Losses, read pages 354 to the top of 359 (through Part 3) and Cowles v. Commissioner on pages 363-64. Study IRC § 165(a) through (f) and Regulations § 1.165-1(b); (c)(1); (c)(4); (d)(1); (d)(2)(i) and (iii); (d)(3); and § 1.165-4(a). Complete Problems # 1, 2, 4, and 5 on pages 351 and 352 of our text.

AMENDED ASSIGNMENTS FOR WEEK NINE

Assignment for Tuesday, October 20

Complete the assignment for part one of Chapter 11 on section 119.

The assignment for Part One of Chapter 11 is to read pages 211 to the bottom of page 214. Also read pages 223 through the bottom of page 228. Study Revenue Ruling 71-411 attached to the Additional Problems for Chapter 11. Study IRC section 119(a) and (b)(4). Study Regulation § 1.61-21(a)(1) through (4)(i); (b)(1) through (2); and § 1.119-1(a)(2)(ii), (iii), (b), (c)(1). Complete Part One of the Additional Problems for Chapter 11.


Assignment for Wednesday, October 21

Complete the assignment for part two of Chapter 11 on section 132.

The assignment for Part Two of Chapter 11 is to read pages 214 (beginning with Part B) through Part 4 on page 221. Study IRC section 132(a)(1) through (4) and (b) through (e) and (h) through j(1). Study Regulation sections 1.132-2(a)(2) and (5), (c); 1.132-4(a)(1)(iii), (iv)(A); 1.132-6(b), (c), and (e). Complete Part Two of the Additional Problems for Chapter 11.

Assignment for Thursday, October 22

Complete the assignment for Chapter 6.

The assignment for Chapter 6 is to study pages 120 (beginning with Part B) through Example 4 on page 122. For the rest of pages 122 and the final paragraph above sub-part 2 at the top of page 123, merely skim over the material. Your assignment includes no problems on a partial exclusion under section 121 that might be triggered by employment transfers, health transfers, and unforeseen circumstances, but we will do an example in class. Then study the remainder of the chapter (pages 123 through page 130). Study IRC section 121 (a); (b)(1), (2), and (3); (c); and (d)(1); and (f); and Reg. sec. 1.121-1(a); (b)(1), (3), and (4) Ex. 1 and 2; (c)(1), (2), and (4); and 1.121-2.Complete the Substitute Problems for Chapter 6.

ASSIGNMENTS FOR WEEK NINE

Assignment for Tuesday, October 20

Complete the assignment for part one of Chapter 11 on section 119.

The assignment for Part One of Chapter 11 is to read pages 211 to the bottom of page 214. Also read pages 223 through the bottom of page 228. Study Revenue Ruling 71-411 attached to the Additional Problems for Chapter 11. Study IRC section 119(a) and (b)(4). Study Regulation § 1.61-21(a)(1) through (4)(i); (b)(1) through (2); and § 1.119-1(a)(2)(ii), (iii), (b), (c)(1). Complete Part One of the Additional Problems for Chapter 11.


Assignment for Wednesday, October 21

Complete the assignment for part two of Chapter 11 on section 132.

The assignment for Part Two of Chapter 11 is to read pages 214 (beginning with Part B) through Part 4 on page 221. Study IRC section 132(a)(1) through (4) and (b) through (e) and (h) through j(1). Study Regulation sections 1.132-2(a)(2) and (5), (c); 1.132-4(a)(1)(iii), (iv)(A); 1.132-6(b), (c), and (e). Complete Part Two of the Additional Problems for Chapter 11.


Assignment for Thursday, October 22

Complete the assignment for Chapter 6.

The assignemtn for Chapter 6 is to s tudy pages 120 (beginning with Part B) through Example 4 on page 122. For the rest of pages 122 and the final paragraph above sub-part 2 at the top of page 123, merely skim over the material. Your assignment includes no problems on a partial exclusion under section 121 that might be triggered by employment transfers, health transfers, and unforeseen circumstances, but we will do an example in class. Then study the remainder of the chapter (pages 123 through page 130). Complete the Substitute Problems for Chapter 6, which will be passed out in class, are available in the Handout Area on the 3rd floor, and have been posted to our course page.

ASSIGNMENTS FOR WEEK EIGHT

Assignment for Tuesday, October 13

In lieu of a class meeting, complete the Online Review for Chapter 10. For purposes of attendance, submit your report in class. Write your name and the number of questions you got correct. Write an “x” by the numbers of any questions that you missed. If you email your result, tell me the number of questions you got correct and the number of the question(s) you missed (e.g., #3 and #14), if any. You may work in your study groups and you may submit one report for the group if you wish. If you submit a group report, please list all members of your group. On the back of the page or at the end of the email, please write any comments you have about improving the review assignment (e.g., typos, language that isn’t clear, or additional problems that would have been helpful.

Assignment for Wednesday, October 14

Same as Tuesday, except the Online Review is the Midsemester Review.

Assignment for Thursday, October 15

In Chapter 34, Assignment of Income, study pages 816 to the bottom of page 821 (stop at Part D) and page 823 through page 834. Review IRC sections 61(a) and 102. On pages 813 and 814, complete the problem in the text as to Plan 1, 2, and 3(a), (c), and (d).

INCOME TAX

AMENDED ASSIGNMENT FOR THIS WEEK

Tuesday:  CLASS WILL NOT MEET  -   In lieu of class, complete the online reviews for Chapters 8A and 9

Wednesday:  We will do Part One for Chapter 10

Thursday:  We will do Part Two for Chapter 10

Professor Williams

AMENDED ASSIGNMENTS FOR WEEK FIVE

Assignment for Tuesday, September 22

Complete the second assignment for Chapter 5.

The second assignment in Chapter 5 is to read Part C on pages 103-04 and review the first full paragraph on page 103 that precedes Part C. Review the IRC sections assigned for part one and study section 1014(e)(1) and (2)(A). Also study Regulation sections 1.1001-2(a)(1), 1.1001-1(e); and 1.1015-4. Complete problems #4, 5, and 6 in Part One of the Substitute Problems for Chapter 5. and complete the problems in Part Two.

Assignment for Wednesday, September 23

In lieu of a class meeting, complete the Online Reviews for Chapters 3, 4 and 5. For purposes of attendance, submit your reports in class on the Attendance Report for the Online Review Assignment for Chapter 1 and the one for Chapter 2. Note that on each Report you are asked to write your name and the number of questions you got correct. As to each Review, write an “x” by the numbers of any questions that you missed. If you email your results, tell me the number of questions you got correct and the number of the question(s) you missed (e.g., #3 and #14), if any. You may work in your study groups and you may submit one report for the group if you wish. If you submit a group report, please list all members of your group. On the back of the page or at the end of the email, please write any comments you have about improving the review assignment (e.g., how helpful the review was, typos, language that isn’t clear, or additional problems that would have been helpful).

Assignment for Thursday, September 24

Read Appendix 1 on pages 1095 - 1100 on Researching the Tax Law. Our guest professor will be Professor Jim Walsh.

ASSIGNMENTS FOR WEEK SEVEN

Assignment for Tuesday, October 6.

Complete the assignment for part one of Chapter 10.

The first assignment for Chapter 10 is to read pages 184 to the top of page 187 and the bottom of page 188 to the middle of page 192. Study the Schleier case that begins on page 196. Study IRC section 104(a)(2) and Regulation section 1.104-1(c). Complete the problems in Part One of the Substitute Problems for Chapter 10.

Assignment for Wednesday, October 7.

Complete the assignment for Part Two of Chapter 10.

The second assignment in Chapter 10 is to read from the middle of page 194 to 206. Study IRC sections 104(a(3), 105(a) through (c) and (e), and section 106(a). Also study Regulation sections 1.104-1(d) and 1.105-2. Complete the problems in Part Two of the Substitute Problems for Chapter 10. Before or during class, turn in the Online Review reports for Chapters 5, 6, and 9, which were assigned for Thursday, October 4.

Assignment for Thursday, October 8.

In Chapter 34, Assignment of Income, study pages 816 to the bottom of page 821 (stop at Part D) and page 823 through page 834. Review IRC sections 61(a) and 102. On pages 813 and 814, complete problem as to Plan 1, 2, and 3(a), (c), and (d).

ASSIGNMENTS FOR WEEK SIX

Assignment for Tuesday, September 29

Complete the assignment for Chapter 8.

The assignment for Chapter 8 is to study Part A on pages 147 through page 151. For Part B on pages 154 through 156, merely skim over the material. We will do no problems on annuities. Study the subsections of IRC section 101 and the Regulation sections listed on page 146. Complete Problems # 1, 3, and 4 in Chapter 8 of our text on pages 145-146.

Assignment for Wednesday, September 30

Complete the first assignment for Chapter 9.

The first assignment in Chapter 9 is to read from the last paragraph on page 168 to page170 through Part One and pages 174 to 176. Study the IRC sections and Regulations listed on page 164. Complete the problems in Part One of the Substitute Problems for Chapter 9.

Assignment for Thursday, October 1

Complete the second assignment for Chapter 9.

The second assignment in Chapter 9 is to read pages 170 to the top of page 174 and pages 176 through 179. Review the IRC sections and Regulations on page 164. Complete the problems in Part Two of the Substitute Problems for Chapter 9.

ASSIGNMENTS FOR WEEK FIVE

Assignment for Tuesday, September 22 Complete the second assignment for Chapter 5.

The second assignment in Chapter 5 is to read Part C on pages 103-04 and review the first full paragraph on page 103 that precedes Part C. Review the IRC sections assigned for part one and study 1014(e)(1) and (2)(A). Also study Regulation sections 1.1001-1(e); and 1.1015-4. Complete the problems in Part Two of the Substitute Problems for Chapter 5.

Assignment for Wednesday, September 23 

In lieu of a class meeting, complete the Online Reviews for Chapters 3, 4 and 5. For purposes of attendance, submit your reports in class on the Attendance Report for the Online Review Assignment for Chapter 1 and the one for Chapter 2. Note that on each Report you are asked to write your name and the number of questions you got correct. As to each Review, write an “x” by the numbers of any questions that you missed. If you email your results, tell me the number of questions you got correct and the number of the question(s) you missed (e.g., #3 and #14), if any. You may work in your study groups and you may submit one report for the group if you wish. If you submit a group report, please list all members of your group. On the back of the page or at the end of the email, please write any comments you have about improving the review assignment (e.g., typos, language that isn’t clear, or additional problems that would have been helpful).

Assignment for Thursday, September 24

Read Appendix 1 on pages 1095 - 1100 on Researching the Tax Law. Our guest professor will be Professor Jim Walsh.

ASSIGNMENTS FOR WEEK FIVE

Assignment for Tuesday, September 22

Complete the second assignment for Chapter 5.

The second assignment in Chapter 5 is to read Part C on pages 103-04 and review the first full paragraph on page 103 that precedes Part C. Review the IRC sections assigned for part one and study 1014(e)(1) and (2)(A). Also study Regulation sections 1.1001-1(e); and 1.1015-4. Complete the problems in Part Two of the Substitute Problems for Chapter 5.

Assignment for Wednesday, September 23

In lieu of a class meeting, complete the Online Reviews for Chapters 3, 4 and 5. For purposes of attendance, submit your reports in class on the Attendance Report for the Online Review Assignment for Chapter 1 and the one for Chapter 2. Note that on each Report you are asked to write your name and the number of questions you got correct. As to each Review, write an “x” by the numbers of any questions that you missed. If you email your results, tell me the number of questions you got correct and the number of any question(s) you missed (e.g., #3 and #14). You may work in your study groups and you may submit one report for the group if you wish. If you submit a group report, please list all members of your group. On the back of the page or at the end of the email, please write any comments you have about improving the review assignment (e.g., typos, language that isn’t clear, or additional problems that would have been helpful).

Assignment for Thursday, September 24

Read Appendix 1 on pages 1095 - 1100 on Researching the Tax Law. Our guest professor will be Professor Jim Walsh.

WEEK FOUR

Assignment for Tuesday, September 15

Complete the second assignment in Chapter 4.

The second assignment in Chapter 4 is to read from page 85 (Part A) through page 88 (through Part B). Study Regulation sections 1.61-2(d)(1) (first sentence) and 1.61-2(d)(2)(i). Complete Problems 5-9 on the handout, Additional Problems for Chapter 4, that was passed out in class and is available on the Course Page and in the handout area on the third floor.

Assignment for Wednesday, September 16

Complete the third assignment in Chapter 4.

The third assignment in Chapter 4 is to read on page 88 the first paragraph in Part C. (Omit the remainder of Part C.) Then study carefully the case on pages 90-92. Complete Problems 3 and 4 on page 80 and also complete Problems 10-12 on the handout, Additional Problems for Chapter 4, that was passed out in class and is available on the Course Page and in the handout area on the third floor.

Assignment for Thursday, September 17

Complete the assignment for part 1 of Chapter 5.

The first assignment in Chapter 5 is to read pages 96 to the top of page 103 (through Part B) and pages 104 through 114. Study IRC sections 102; 274(b)(1); 1014(a)(1), (b)(1), 1014(e)(1) and (2)(A); 1015(a); 1015(d)(1)(A) and (6). Also study Regulation section 1.102-1(a) and (b); Proposed Regulation section 1.102(f); and Regulation section 1.1015-1(a)(1) and (2). Complete the problems in Part One of the Substitute Problems for Chapter 5.

WEEK TWO

Assignment for Tuesday, September 1
Complete the first assignment in Chapter 2.
The first assignment in Chapter 2 is to read Code § 61 and the Regulations listed on page 22, but as to both Reg.§ 1.61-8(a) and Reg.§ 1.61-9(a), read only the first sentence of each of those Regulations. In addition, read the first sentence of both Reg.§ 1.61-3(a) and Reg.§ 1.61-8(c). In Chapter 2 read in the text pages 24 through 27 (through the end of Part B) and study carefully the Glenshaw Glass Co. case on pages 33-35 [omit footnote #8 on page 35], the Old Colony Trust Co. case on pages 39-41, and the Roco case on pages 48-53. Complete Problem 1 of the Substitute Problems that were passed out in class and are available on the Course Page and in the handout area on the third floor.


Assignment for Wednesday, September 2:
Complete the second assignment in Chapter 2. The second assignment in Chapter 2 is to study Rev. Rul. 79-24 on pages 41-42 and the McCann case on pages 42-45. Review the Code sections and regs assigned for the first assignment in Chapter 2. Then complete Problems 2-5 of the Substitute Problems for Chapter 2 that were passed out in class and are available on the Course Page and in the handout area on the third floor.


Assignment for Thursday, September 3
Complete the third assignment in.
The third assignment in Chapter 2 is to read pages 27 (Part C) through 33 and study the Cesarini case on pages 36-38 and the Pellar case with its accompanying Author’s Note on pages 45-48. Review the Code sections and regs assigned for the first assignment in Chapter 2. Then complete Problems 6-9 of the substitute problems that were passed out in class and are available on the Course Page and in the handout area on the third floor.

FEDERAL INCOME TAX

WEEK THREE
Assignment for Tuesday, September 8

In lieu of a class meeting, complete the Online Reviews for Chapters 1 and 2. For purposes of attendance, submit your reports in class on the Attendance Report for the Online Review Assignment for Chapter 1 and the one for Chapter 2. Note that on each Report you are asked to write your name and the number of questions you got correct. As to each Review, write an “x” by the numbers of any questions that you missed. If you email your results, tell me the number of questions you got correct and the number of any question(s) you missed (e.g., #3 and #14). You may work in your study groups and you may submit one report for the group if you wish. If you submit a group report, please list all members of your group. On the back of the page or at the end of the email, please write any comments you have about improving the review assignment (e.g., typos, language that isn’t clear, or additional problems that would have been helpful).

Assignment for Wednesday, September 9

Read Chapter 3 through page 74 (omit the Westpac case) and complete the Problems at the beginning of the Chapter.


Assignment for Thursday, September 10

Complete the first assignment in Chapter 4.

The first assignment in Chapter 4 is to read from page 82 to the top of page 85. Study the Code sections and Regulations listed on page 81. Complete Problem 1 on page 79 and also complete Problems 1-4 on the handout, Additional Problems for Chapter 4, that was passed out in class and is available on the Course Page and in the handout area on the third floor.

FEDERAL INCOME TAXATION

WEEK ONE
Assignment for Tuesday, August 25:
In our text, read pages 4 through 8.

Assignment for Wednesday, August 26: Read through the facts as to TP on page 1 of the Introductory Problem (a hand-out), which was distributed in class on Tuesday and which has also been posted to the course page. Next, look at the road map on page 2. Then examine the sections of the Internal Revenue Code (IRC) listed, in the order listed. Next, study the example done for VTP in the Sample Calculation on the federal income tax imposed on her under IRC section 1(c). You may access the Introductory Problem on the course page or obtain a copy in the handout area on the third floor. Also review the Federal Income Tax - General Instructions for the Course, which were passed out in class on Tuesday and may also be found on the course page and in the handout area on the third floor.

Assignment for Thursday, August 27:
Calculate the federal income tax imposed under IRC section 1(c) on TP in the fact pattern given on page 1 of the Introductory Problem(a hand-out), which was distributed in class on Tuesday and which has also been posted to the course page. You may access it there or obtain a copy in the handout area on the third floor. Also, in our text, study pages 9 - 20. Then read the 10 parts of the Problem on pages 1 and 2 of our text. Decide whether the facts of each part of the text problem raise an income issue (i.e., is wealth flowing to the taxpayer) or a deduction issue (i.e., is wealth flowing from the taxpayer) or perhaps both issues.