/nPart 2: Internal research memo and external client letter (7 points) 1. Internal research memo Complete appropriate research to compose a research memo appropriately answering the following question: o Research problem Joe is planning to attend a construction conference next year. Joe is a featured presenter at the conference, participating in a panel session. The event organizers provide complementary admission to the conference, meals, and lodging to presenters during the three-day event. Will this be taxable income to Joe? 2. External client letter Since this is a sole proprietorship, explain to the Keen's how the information from the internal research memo would impact their individual tax return. Grammar as well as professional presentation will be factored into your grade as well as content and ability to follow instructions and guidance. The research memo must be in proper form and should not exceed 1 page. Be sure to use and cite only primary authority in completing the memo. Reminder your citations should be as specific as possible (e.g. $291(a)(2)(i) not §291).

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