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This is a research paper for my individual income tax class. The topic within individual tax is prizes, gambling winnings and losses, and prizes. The purpose is to describe/discuss the tax effects, applicable laws/regulations, of those topics to individual tax payers. I indicated 7 sources – the primary source, however, should be the internal revenue code. Beyond that, you can incorporate any other relevant tax code, regulations, procedures, and relevant cases.
The paper needs to incorporate within the text specific internal revenue code sections and applicable revenue procedures.
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