Discussion Post
This is a Tax class and these codes that are referenced in the document I sent you are basically laws. For example, when they say "IRC § 1001; Regs. § 1.61-6(a)" that means it is under a certain US code law. So the assignment that I have attached for you is a solution to a study problem in the book. What is required from you is to rewrite the solution/answer in your own words, and to explain the codes.
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.