Draft a letter to the partnership, evaluating the allocation of MACRS in each of the three years under Reg. §§ 1.704–1 and –2. The partnership’s address is 53 East Marsh Ave., Smyrna, GA 30082. Do not address the “substantial” test.
1. Perform and identify each step separately 2-3a through 2-3f.
2. In step 2-3b, Refining the Problem, list all of the issues you intend to research.
3. In step 2-3c prepare a list of “Key Words” derived from the issues to guide your research.
4. In step 2-3d list each for the tax resources you found utilizing “Key Words” from step 3 preparing a brief outline of what the resource conveyed and strike out the resources that do not apply to your problem upon further review.
5. In step 2-3e Support your solution or alternative solutions from your research.
6. Prepare your Tax File Memorandum, Exhibit 2.9,, from information contained in steps 2-3a through 2-3e.
6. In step 2-3f Prepare a Client Letter, Exhibit 2.10 to communicate your research to the client.
REFER TO 4.2 RESEARCH PROBLEMS IN YOUR SYLLABUS FOR THE GRADING RUBRIC.