West Federal Taxation, 2008 Edition

. West Federal Taxation, 2008 Edition . Individual Income Taxes

CHAPTER 15 Property Transactions: Nontaxable Exchanges Internet Activity

Use the tax resources of the Internet to address the following questions. Do not restrict your search to the World Wide Web, but include a review of newsgroups and general reference materials, practitioner sites and resources, primary sources of the tax law, chat rooms and discussion groups, and other opportunities.

Research Problem 6. Find two newspaper stories about transactions to which you believe the involuntary conversion rules could apply. Do not limit your search to individual taxpayers.

Research Problem 7. A number of public policy think tanks, taxpayer unions, and other private interest groups have proposed changes to the tax rules that apply to like-kind exchanges of realty. Summarize several of these proposals, including your assessment of the motivations underlying the suggested changes.

Research Problem 8. Find and print a Form 8824, Like Kind Exchanges. Fill in the form as part of the requirements for Problem 35.