2024 – Tax Research Assignment 2 Acct 6140 Students Only Fall 2013 Your assignment is to write a professional tax research memorandum

Tax Research Assignment 2 Acct 6140 Students Only Fall 2013 Your assignment is to write a professional tax research memorandum that addresses the issue shown below. Mike is a salesperson who represents several companies. On January 2, 2014, he receives by mail a commission check from Produce Packaging Distributors, Inc.

in the amount of $13,500 and dated December 30, 2013. Mike is concerned about the year in which the $13,500 is taxable. Although the check is dated 2013, he contends that it would have been unreasonable for him to drive the 55 miles to the Produce Packaging offices on a holiday to collect the check.

Further, Mike maintains that even if he had made the trip to collect the check, by the time he returned home, his bank would have closed and he could not have received credit for the check until after the first of the year.