fagt.docx - The purpose of this assignment is to...

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The purpose of this assignment is to familiarize you with the various tax court cases involving individual and corporate transactions that have been decided at all levels of the United States court system.These cases have often established the precedent for the treatment of certain tax transactions, and serve as a source of tax research.Assigned court cases will reinforce the key concepts learned in class. Students will summarize their choice of the following court cases (or their own selection with pre-approval by the instructor), using the "FICA" model of analysis. FICA stands for Fact, Issue, Conclusion, and Analysis and allows you to concisely summarize the conclusions of a court case. To summarize the case, follow these steps:State the factsof the case in a clear and concise matterIdentify the issue(s)/laws at handState the conclusionof the courtComplete your analysisof the findings as presented in the case (answer the question: "why did the court rule this way on this issue?")

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