NEED WORK WITHIN HOURS!

Go to the Tax Almanac Website, located athttp://www.taxalmanac.org/index.php/Tax_Research_Resources. Review the U.S. Tax Court - Memorandum Decision case, “Alacare Home Health Services, Inc., Petitioner v. Commissioner of Internal Revenue, Respondent”. Be prepared to discuss.  Note: The case noted above can be found by navigating to U.S. Tax Court, U.S. Tax Court Decisions, and entering a keyword search in the provided search box.

Facts from the case: Alacare Home Health Services, Inc. (Alacare) is a Medicare-certified home health care agency with the principal place of business located in Birmingham, Alabama.  Alacare’s revenue consists of 98 to 99 percent reimbursement from Medicare.  Alacare has used an accrual method of accounting since its incorporation in 1992.  Alacare’s policy is to expense all capital items that cost less than $500.  Alacare’s expensing policy meets Medicare guidelines for the capitalization of depreciable assets.  Alacare hired Pearlman, Nebben & Associates to prepare its 1995 and 1996 Federal corporate income tax returns.  The IRS determined Alacare’s expensing policy was not a proper method of accounting and the assets expensed in the 1995 and 1996 tax returns must be capitalized over their useful lives.

The tax research steps are as follows:

1. Determine the facts.

2. Identify the issues.

3. Locate applicable authorities.

4. Evaluate these authorities.

5. Analyze the facts in terms of applicable authorities.

6. Communicate conclusions and recommendations to others.

"Interpreting Tax Research and Tax Representation Guidelines"  

Please respond to the following: 

1. From the e-Activity, evaluate the importance of the principal issue litigated in the case in question using the tax research steps outlined in Appendix A of your text.

2. Compare the American Institute of CPAs’ (AICPA) Statements on Tax Standards (SSTS) and the Treasury Department Circular 230 rules to practice before the Internal Revenue Service (IRS). Suggest which document creates better guidance in the preparation of tax returns and written advice provided to taxpayers.

PLEASE NO COPY AND PASTE, ORIGINAL WORK !! SITE ALL SOURCES!

QUESTION 1: THE TAX RESEARCH STEPS IS LISTED SO THAT YOU DONT BE LOST AND BE ALL OVER THE PLACE. THE CASE IS LISTED ALSO, BUT YOU STILL CAN VIEW THE WEBSITE TO VIEW THE CASE. THE LINK IS ABOVE! 

ALSO, PLEASE ANSWER QUESTION 1, JUST AS THE STEPS ARE LISTED! 

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