Tax File MemorandumThe assignment below will assess your ability to perform tax research and prepare an effective Tax Memo for complex tax problems..You will use CCH IntelliConnect (aka CCH Omnitax or AnswerConnect) exclusively for your tax research for this course (access provided through the Library).Using the tax research process detailed in Chapter 4 and Chapter 10 and the Tax File Memorandum Template, develop a separate tax file memorandum for each of the Research Cases below. All submissions should follow the file memo format exactly (a client letter is not needed unless specifically required). Include your three completed memos in one file for submission.RESEARCH CASE 1During the year, LittleBear, Inc. paid the Environmental Protection Agency (EPA) $750,000 related to the clean-up of a contaminated stream near the company’s largest manufacturing plant. The contamination was the result of a leaky pipe at the plant. The EPA repaired the pipe and cleaned up the surrounding area and stream. Initially, the EPA fined the company $1,125,000 ($25,000 per day for 45 days) for noncompliance with regulations. LittleBear ultimately settled the assessment for $750,000. During settlement discussions, the EPA disclosed that actual clean-up costs incurred were $450,000.Write a memo to the files explaining the proper tax treatment of the payment, including in which tax year the deduction can be taken.RESEARCH CASE 2The Laffell's oldest son, Chase, started college as an incoming freshman in August of 2019. Mr. and Mrs. Lafell started a 529 plan for Chase when he was very young. When Chase started college, his parents pulled $9,200 out of his 529 plan. $6,000 was paid to the college for tuition, fees, and books. $1,200 was used to purchase Chase a new laptop, and $2,000 went towards Chase’s rent at his off-campus apartment. The Lafell’s will claim Chase as a dependent on their 2019 return. They were told that Chase’s tuition may be eligible for the American Opportunity Credit.Write a memo to the files explaining the proper tax treatment of the distribution from the 529 plan, what expenses (if any) are eligible for education tax credit, and the relationship between the qualified education expenses allowed under each.RESEARCH CASE 3Rhakima is a 51-year old, divorced female living in Oklahoma. She purchased her primary residence 19 years ago for $200,000 and has lived there ever since. She made payments on her mortgage during that time and reduced her mortgage balance to $60,000. Last year (2020), Rhakima took out a home equity loan of $100,000. She used $75,000 to have a 3rd bedroom built on as an addition to her residence. She used the other $25,000 to pay off some credit card debt she had accumulated.Write a memo to the files explaining the proper tax treatment of the interest on the first mortgage and the interest on the home equity line of credit, assuming Rhakima itemizes deductions on Schedule A.

A Doctoral Study Problem Statement is one of the most important components of your Doctoral Study. It provides the reader with an understanding of the purpose for and importance of the research by identifying the specific business problem you intend to address. For this Assignment, you will submit a draft of your Doctoral Study Problem Statement that demonstrates a comprehensive problem to be studied.To prepare for this Assignment, review the “Formulating a Doctoral Problem Statement” presentation provided in the week’s Required Readings. Be sure to utilize the Walden Library and Online Writing Center for guidance in identifying scholarly resources and related examples.By Day 3Submit a 150-word Doctoral Study Problem Statement that includes the following:Hook (with APA citation)Anchor (with APA citation)General Business ProblemSpecific Business ProblemNote: Be sure to use the APA Course Paper Template (6th ed.), found in this week’s Learning Resources, to complete this Assignment. Also, refer to the Week 8 Assignment Rubric for specific grading elements and criteria. Your Instructor will use this rubric to assess your work.Name: DDBA_8161_Week_8_Assignment_Rubric Grid ViewList View Superior Criteria Excellent Criteria Satisfactory Criteria Marginal Criteria Unsatisfactory Criteria Not Submitted Element 1: Hook Points: 18 (18%) Student presents a well-written hook (WOW statement) statement that includes a correctly formatted APA citation. There are no errors. Feedback: Points: 17.1 (17.1%) Student presents a well-written hook (WOW statement) statement that includes a correctly formatted APA citation. There are one or two minor errors. Feedback: Points: 15.3 (15.3%) Student presents a hook (WOW statement) statement that includes a correctly formatted APA citation; however, the hook does not provide sufficient impact and/or the citation is not current or relevant to problem statement. Feedback: Points: 13.5 (13.5%) Student presents a cursory or incomplete hook (WOW statement) statement. The hook statement is not appropriate for the problem statement and/or is missing the citation. Feedback: Points: 9 (9%) Does not meet minimal standards. Feedback: Points: 0 (0%) Did not submit element. Feedback: Element 2: Anchor Points: 18 (18%) Student presents a well-written anchor statement that demonstrates the magnitude of the business problem and includes a correctly formatted APA citation. There are no errors. Feedback: Points: 17.1 (17.1%) Student presents a well-written anchor statement that demonstrates the magnitude of the business problem and includes a correctly formatted APA citation. There are one or two minor errors. Feedback: Points: 15.3 (15.3%) Student presents an anchor statement that somewhat demonstrates the magnitude of the business problem and includes a correctly formatted APA citation; however, the anchor does not provide a number demonstrating the magnitude of the business problem and/or the citation is not current or relevant to problem statement. Feedback: Points: 13.5 (13.5%) Student presents a cursory or incomplete anchor statement. The anchor statement is not appropriate for the problem statement and/or is missing the citation. Feedback: Points: 9 (9%) Does not meet minimal standards. Feedback: Points: 0 (0%) Did not submit element. Feedback: Element 3: Plan - General Business Problem Points: 18 (18%) Student presents a well-written general business problem that identifies an over-arching business problem that exists in business. There are no errors. Feedback: Points: 17.1 (17.1%) Student presents a well-written general business problem that identifies an over-arching business problem that exists in business. There are one or two minor errors. Feedback: Points: 15.3 (15.3%) Student presents a general business problem that identifies an over-arching business problem that exists in business; however, the general business problem is not clear, is missing some details, and/or is not relevant to leaders in business. Feedback: Points: 13.5 (13.5%) Student presents a cursory or incomplete general business statement. The general business statement does not identify a business problem and/or does align to the hook and anchor statements. Feedback: Points: 9 (9%) Does not meet minimal standards. Feedback: Points: 0 (0%) Did not submit element. Feedback: Element 4: Plan - Specific Business Problem Points: 18 (18%) Student presents a well-written specific business problem that identifies an over-arching business problem that exists in business. There are no errors. Feedback: Points: 17.1 (17.1%) Student presents a well-written specific business problem that identifies an over-arching business problem that exists in business. There are one or two minor errors. Feedback: Points: 15.3 (15.3%) Student presents a specific business problem that identifies an over-arching business problem that exists in business; however, the general business problem is not clear, is missing some details, and/or is not relevant to leaders in business. Feedback: Points: 13.5 (13.5%) Student presents a cursory or incomplete specific business statement. The general business statement does not identify a business problem and/or does align to the hook and anchor statements. Feedback: Points: 9 (9%) Does not meet minimal standards. Feedback: Points: 0 (0%) Did not submit element. Feedback: Element 5: Written Delivery Style & Grammar Points: 14 (14%) Student consistently follows APA writing style and basic rules of formal English grammar and written essay style. Student communicates in a cohesive, logical style. There are no spelling or grammar errors. Feedback: Points: 13.3 (13.3%) Student consistently follows APA writing style and basic rules of formal English grammar and written essay style. Student communicates in a cohesive, logical style. There are one or two minor errors in spelling or grammar. Feedback: Points: 11.9 (11.9%) Student mostly follows APA writing style and basic rules of formal English grammar and written essay style. Student mostly communicates in a cohesive, logical style. There are some errors in spelling or grammar. Feedback: Points: 10.5 (10.5%) Student does not follow APA writing style and basic rules of formal English grammar and written essay style and does not communicate in a cohesive, logical style. Feedback: Points: 7 (7%) Does not meet minimal standards. Feedback: Points: 0 (0%) Did not submit element. Feedback: Element 6: Formal and Appropriate Documentation of Evidence, Attribution of Ideas (APA Citations) Points: 14 (14%) Student demonstrates full adherence to scholarly reference requirements and adheres to APA style with respect to source attribution, references, heading and subheading logic, table of contents and lists of charts, etc. There are no APA errors. Feedback: Points: 13.3 (13.3%) Student demonstrates full adherence to scholarly reference requirements and adheres to APA style with respect to source attribution, references, heading and subheading logic, table of contents and lists of charts, etc. There are one or two minor errors in APA style or format. Feedback: Points: 11.9 (11.9%) Student mostly adheres to scholarly reference requirements and/or mostly adheres to APA style with respect to source attribution, references, heading and subheading logic, table of contents and lists of charts, etc. Some errors in APA format and style are evident. Feedback: Points: 10.5 (10.5%) Student demonstrates weak or inconsistent adherence scholarly reference requirements and/or weak or inconsistent adherence to APA style with respect to source attribution, references, heading and subheading logic, table of contents and lists of charts, etc. Several errors in APA format and style are evident. Feedback: Points: 7 (7%) Does not meet minimal standards. Feedback: Points: 0 (0%) Did not submit element. Feedback: Show Descriptions Show Feedback Element 1: Hook--Levels of Achievement: Superior Criteria 18 (18%) points Student presents a well-written hook (WOW statement) statement that includes a correctly formatted APA citation. There are no errors. Excellent Criteria 17.1 (17.1%) points Student presents a well-written hook (WOW statement) statement that includes a correctly formatted APA citation. There are one or two minor errors. Satisfactory Criteria 15.3 (15.3%) points Student presents a hook (WOW statement) statement that includes a correctly formatted APA citation; however, the hook does not provide sufficient impact and/or the citation is not current or relevant to problem statement. Marginal Criteria 13.5 (13.5%) points Student presents a cursory or incomplete hook (WOW statement) statement. The hook statement is not appropriate for the problem statement and/or is missing the citation. Unsatisfactory Criteria 9 (9%) points Does not meet minimal standards. Not Submitted 0 (0%) points Did not submit element.Feedback:Element 2: Anchor--Levels of Achievement: Superior Criteria 18 (18%) points Student presents a well-written anchor statement that demonstrates the magnitude of the business problem and includes a correctly formatted APA citation. There are no errors. Excellent Criteria 17.1 (17.1%) points Student presents a well-written anchor statement that demonstrates the magnitude of the business problem and includes a correctly formatted APA citation. There are one or two minor errors. Satisfactory Criteria 15.3 (15.3%) points Student presents an anchor statement that somewhat demonstrates the magnitude of the business problem and includes a correctly formatted APA citation; however, the anchor does not provide a number demonstrating the magnitude of the business problem and/or the citation is not current or relevant to problem statement. Marginal Criteria 13.5 (13.5%) points Student presents a cursory or incomplete anchor statement. The anchor statement is not appropriate for the problem statement and/or is missing the citation. Unsatisfactory Criteria 9 (9%) points Does not meet minimal standards. Not Submitted 0 (0%) points Did not submit element.Feedback:Element 3: Plan - General Business Problem--Levels of Achievement: Superior Criteria 18 (18%) points Student presents a well-written general business problem that identifies an over-arching business problem that exists in business. There are no errors. Excellent Criteria 17.1 (17.1%) points Student presents a well-written general business problem that identifies an over-arching business problem that exists in business. There are one or two minor errors. Satisfactory Criteria 15.3 (15.3%) points Student presents a general business problem that identifies an over-arching business problem that exists in business; however, the general business problem is not clear, is missing some details, and/or is not relevant to leaders in business. Marginal Criteria 13.5 (13.5%) points Student presents a cursory or incomplete general business statement. The general business statement does not identify a business problem and/or does align to the hook and anchor statements. Unsatisfactory Criteria 9 (9%) points Does not meet minimal standards. Not Submitted 0 (0%) points Did not submit element.Feedback:Element 4: Plan - Specific Business Problem--Levels of Achievement: Superior Criteria 18 (18%) points Student presents a well-written specific business problem that identifies an over-arching business problem that exists in business. There are no errors. Excellent Criteria 17.1 (17.1%) points Student presents a well-written specific business problem that identifies an over-arching business problem that exists in business. There are one or two minor errors. Satisfactory Criteria 15.3 (15.3%) points Student presents a specific business problem that identifies an over-arching business problem that exists in business; however, the general business problem is not clear, is missing some details, and/or is not relevant to leaders in business. Marginal Criteria 13.5 (13.5%) points Student presents a cursory or incomplete specific business statement. The general business statement does not identify a business problem and/or does align to the hook and anchor statements. Unsatisfactory Criteria 9 (9%) points Does not meet minimal standards. Not Submitted 0 (0%) points Did not submit element.Feedback:Element 5: Written Delivery Style & Grammar--Levels of Achievement: Superior Criteria 14 (14%) points Student consistently follows APA writing style and basic rules of formal English grammar and written essay style. Student communicates in a cohesive, logical style. There are no spelling or grammar errors. Excellent Criteria 13.3 (13.3%) points Student consistently follows APA writing style and basic rules of formal English grammar and written essay style. Student communicates in a cohesive, logical style. There are one or two minor errors in spelling or grammar. Satisfactory Criteria 11.9 (11.9%) points Student mostly follows APA writing style and basic rules of formal English grammar and written essay style. Student mostly communicates in a cohesive, logical style. There are some errors in spelling or grammar. Marginal Criteria 10.5 (10.5%) points Student does not follow APA writing style and basic rules of formal English grammar and written essay style and does not communicate in a cohesive, logical style. Unsatisfactory Criteria 7 (7%) points Does not meet minimal standards. Not Submitted 0 (0%) points Did not submit element.Feedback:Element 6: Formal and Appropriate Documentation of Evidence, Attribution of Ideas (APA Citations)--Levels of Achievement: Superior Criteria 14 (14%) points Student demonstrates full adherence to scholarly reference requirements and adheres to APA style with respect to source attribution, references, heading and subheading logic, table of contents and lists of charts, etc. There are no APA errors. Excellent Criteria 13.3 (13.3%) points Student demonstrates full adherence to scholarly reference requirements and adheres to APA style with respect to source attribution, references, heading and subheading logic, table of contents and lists of charts, etc. There are one or two minor errors in APA style or format. Satisfactory Criteria 11.9 (11.9%) points Student mostly adheres to scholarly reference requirements and/or mostly adheres to APA style with respect to source attribution, references, heading and subheading logic, table of contents and lists of charts, etc. Some errors in APA format and style are evident. Marginal Criteria 10.5 (10.5%) points Student demonstrates weak or inconsistent adherence scholarly reference requirements and/or weak or inconsistent adherence to APA style with respect to source attribution, references, heading and subheading logic, table of contents and lists of charts, etc. Several errors in APA format and style are evident. Unsatisfactory Criteria 7 (7%) points Does not meet minimal standards. Not Submitted 0 (0%) points Did not submit element.Feedback:Name: DDBA_8161_Week_8_Assignment_Rubric