Be sure you have them all.
All parties are cash method, calendar year taxpayers.
Unless otherwise stated, all transactions occur in 2000, and are governed by Internal Revenue Code as in effect on the date of this exam. Assume the statute has been in effect in that form since 1916. Ignore all inflation adjustments . In answering the questions, assume that the goal of the taxpayer is to pay the least amount of taxes legally possible. Write your social security number on this examination and enter it on both sides of the computerized answer form.