4.

September 19

1
• Review Checkpoint assignment
• Review homework questions:
• Ch. 2 homework questions 3, 5, 7 (a, b, c, d, e, f), 14, 15 (a, b, c, d), 18(a, b, c), 33.
• Materials
• Researching, analyzing and communicating tax solutions to tax problems
• FILFILACC
• T.C. Summary Opinion 2015-10 (Joshua J. Stebbins v. Commissioner)
• IRS Chief Counsel Code and Subject Matter Directory, December 2018
• Pg. 2-38, Research Problem 2:
• In the Oprah car giveaway, the 234 audience recipients who received keys to a car were taxed on the
value of the car, which was in the $30,000 range. The fair market value was included in gross income
under § 61 (“gross income“ and “prize taxable income”) and included as taxable income under § 74.
(“prize taxable income”)
• Pg. 2-38, Research Problem 3

2
3
In-class team assignment
• Pg. 2-34, questions 9 and 11