Homework Week 4
• 1. List the following topics:
• a. IRS Publication 334
• b. Form 941
• 2. Identify the topic and provide the proper citations:
• a. Rev. Proc. 2017-29
• b. Rev. Rul. 68-609
• c. Rev. Rul. 74-240
• d. Rev. Proc. 2019-48
• 3. Follow instructions (label each part)
Note: grading will take off for both missing items and
any info provided that was not requested
HMWK – prob 3 (most of the points)
• Sally is a sole proprietor. She purchased an airplane on January
2nd for she and her assistant to fly from Honolulu to New Mexico
twice every month for her trading business. The airplane cost
$5 million. Last year she flew first class with each first-class
ticket costing $3,000. She had her assistant fly coach which cost
$1,000 per trip. Sally carefully maintains all required
documentation. No other trips were taken on the airplane.
Your boss suggests you look at the Kurzet case by the Tax Court
in the late 1990s.
• A. In your first paragraph write a sophisticated legal issue for the above.
B. In one or two paragraphs, summarize Kurzet
(always include a proper case citation).
C. In the next paragraph, apply Kurzet to Sally’s situation.