Question:
From the e-Activity, choose any two (2) statutory income exclusions. Take a position as to whether or not you believe the IRS should retain these exclusions in the tax code. Support your position by using "Publication 17."
Imagine that you are a tax preparer and your client has asked for your help in mitigating or eliminating the potential estate tax liability for the property that the client owns so that he/she may pass it on to his/her heirs.
Analyze the options that may be open to your client, and propose a strategy to mitigate or eliminate the client''s potential tax liability.