Part 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: • 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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