Tax Research Project Week 2: Research Memo The memo should be typed and, in the format, provided in the example. Students should use RIA Checkpoint, available through the PSU library to

conduct the research. (Access & Personal Account - Database Tutorial: RIA Checkpoint - LibGuides at Portland State University (pdx.edu) )It will be graded on accurately and insightfully analyzing the given facts with proper tax law and citation, as well as presentation (clarity and conciseness of the writing). Primary sources include the Internal Revenue Code (IRC), Revenue Rulings, and court cases, but do not include anything from the IRS. This memo should be approximately 1-2 full pages. Research Memo Topic Connor and Jordan are a married couple. Jordan is thinking of retiring soon from her job as a teacher, and wants to start a community garden once she has more time. She is considering doing a 9-month horticulture certificate program at the local college. The program costs $10,000 (tuition and fees), but the local community center where she would start the garden has promised a scholarship for half of the costs. She would get a student loan for the remaining $5,000, which would charge annual interest of $400. Connor and Jordan would like to know how these items would affect their taxes. Specifically, they want to know how the cost of the program and scholarship will affect their taxable income, how the student loan and interest will affect their taxes, and if there are any credits available to them? Research Memo Format 1. Facts 2. Issues 3. Authorities 4. Analysis 5. Conclusion