Tax Problem
Six years ago, Roberto acquired 500 shares of Roar Corporation stock directly from the corporation for $500,000 in cash. This year, Roberto sold 100 shares of the stock in Roar to Christopher for $40,000.
Task:
o Identify at least three tax research issues regarding the stock sale you as Roberto's tax advisor should consider? State each issue in the form of a question.
o Do not attempt to answer the questions.
o For at least one of the issues identified above, indicate the Internal Revenue Code Section that you would refer to in order to research the issue.
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.