Question 1

Locate the revenue procedure that includes the inflation-adjusted individual tax rate schedules for 2018. This revenue procedure usually is released in the fourth quarter of the previous year. Provide a complete citation for your source.

Accepted Answer

The answer of Locate the revenue procedure that includes the...

Question 2

Find a tax glossary on any freely accessible Web site and provide the URL. Also find and provide a citation for the IRC section that defines the term gross income.
a. What is the tax glossary's definition of gross income?
b. How does the IRC define gross income?
c. Of the two definitions, which would a taxpayer without extensive tax knowledge find easier to understand? Why?
d. Which of the two definitions is relevant for a tax researcher? Why?

Accepted Answer

The answer of Find a tax glossary on any freely...

Quiz 5: Tax Research

Locate the revenue procedure that includes the inflation-adjusted individual tax rate schedules for 2018. This revenue procedure usually is released in the fourth quarter of the previous year. Provide a complete citation for your source.