Write a tax memo, using prescribed format, correct grammar, spelling, and citations, of at least 4 pages (doubt) on the following tax research problem. This is not a group project.
Taxpayer has a complicated tax life with the following problems:
A. Her business, Pot Pots, has lost money the last two years; prior to that it made a little profit for two years.
B. She was given a gift by a supplier of her pots because of the business she has give them.
C. Ms. Pot has used an attorney to defend herself from criminal charges relating to her business and has had to pay fines related to the business.