Expert answer:tax acc r9
Solved by verified expert:answer the research paper.. there is an example paper so you can get an idea but its only an example..please use your own words BC the paper will be turned in through Turnitin websiteplease one page only
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RP9
Acc352
James K. Spartan (JK) was honorably discharged from the US Army (Rangers) on July 1, 1986. His service
earned him a monthly (adjusted for inflation) pension of $5,000. He had served multiple tours of duty in
Vietnam, Panama, Europe and other locations he chose (or was not permitted) to discuss. Along the
way in his military career JK had earned a B.S. degree in Management from The Ohio State University
and a MBA degree from the University of Maryland. His last duty station was MacDill AFB (Central
Command) in Tampa where he had (in his spare time) also served as an adjunct instructor for UT’s
MacDill college credit programs where he taught intro to business classes.
JK’s high classroom student evaluations earned him an interview for a job on UT’s main campus. His
MBA degree qualified JK for the minimum educational qualifications at the time for UT’s faculty – he was
hired as an instructor of business. JK was hired to teach BUS 101 and an occasional section of Acc202
beginning in fall, 1986. JK enjoyed high student evaluations and was an active member of the UT
community. JK’s annual evaluation was based 100% on his teaching. In 1991 the newly formed College
of Business (now the John H. Sykes College of Business) declared its intention to seek AACSB
accreditation.
AACSB accreditation standards typically require that 75-80% of all courses or hours offered be led by socalled terminally degreed faculty – those holding a doctorate. JK learned from the Dean of the College
of Business that his future at UT would be short if he did not obtain a doctorate (Ph.D.) degree. JK
surmised he would need to obtain a Ph.D. degree in order to stay at UT and advance from his instructor
job to assistant then associate and (hopefully) ultimately Full Professor.
In fall, 1993 JK left UT and enrolled in Georgia State University’s Ph.D. program in Accounting and took
three years away from UT on the way to successfully completing his Ph.D. degree. JK continued to
teach, on a part time basis, for both Mercer University and Emory University while pursuing his Ph.D. JK
deducted 100% of his tuition, fees and supplies at Georgia State on his 1993-6 tax returns claiming that
the expenses were education expenses for business (not American Opportunity/Hope or Lifetime
Learning).
JK re-joined the UT faculty in 1996 this time in a role as Assistant Professor of Accounting. JK’s teaching
assignments included Intermediate Accounting and Graduate Advanced Accounting. JK’s work was
evaluated 50% on teaching, 35% on published scholarship and 15% on University service. A significant
portion of JK’s time was now dedicated to publishing high quality scholarship.
In 1997 the IRS selected JK’s 1996 return for examination and quickly expended the inquiry to include
the 1993-1996 returns. JK signed a waiver of the statute of limitations offered by the IRS in exchange for
a more detailed evaluation of his situation and to give him time to collect evidence in support of his
contention that the Georgia State expenses were all deductible education expenses.
What result?
Note: The history of this issue goes back many decades and involves more than just finding a single on
point case, code section or regulation. While recent on-point sources have great value, some relevant
sources may be dated.
…
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