446 Homework #5: Exclusions

ACCT 346- Income Tax Accounting

To complete this portion of the assignment, you need to use the CCH Tax Research Network, available on the CWU Library network:

You must be logged into the CWU network (click here for help).
You should click on this link to the CCH tax service with your right mouse button and have the CCH service open in a new window. Then you can use the service to find the answers and the form below to submit your answers.

To use the CCH Tax Research Network to answer these questions:

-Click on the Enter button on the first page
-Click on the blue button labeled "Citation Search"
-Enter the document's title into the appropriate text boxes

Last Name:

First Name:

Question and CCH Search Section	Document to find:	Enter your answer:
1. Standard Federal Income Tax Reporter
	What is the title of Internal Revenue Code §117(a)?
	What is the marginal tax rate on a transfer that falls within the purview of §117(a), for the recipient?

2. Rulings and Other Documents	According to Revenue Ruling 77-263, 1977-2 CB 47, what is the marginal tax rate on an athletic scholarship when the athlete decides not to participate in the sport after receiving the scholarship?

2. Tax Court Memoranda	Find and refer to the case at 27 TCM 1061
The Facts	Taxpayer's Name
	Tax Accounting Periods (in question)
	Method of Accounting (check one)	Cash	Accrual
		Hybrid	Not specified
	Components & amounts of tax base in dispute
The Issue	What is the sole issue for the court to rule on?
The Conclusion	Briefly explain the Court's ruling.

When you select Submit, your answers will be submitted to a database for grading by me.
The confirmation page that opens will be the only confirmation that you receive.

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