Robert ROSS, a recently retired professional athlete, is writing his memoirs. He intends to direct any royalties received on the book to his favorite charitable organization, Dana Fa
er Cancer Institute/The Jimmy Fund. He has not yet signed a contract with a publishe
• Will the future royalties be included in Roy’s taxable gross income?
• Why or why not? o If your answer is yes, is any alternative a
angement available that Roy might make to avoid gross income recognition?
Student Requirements
Format
Date
Address
RE: Title of question
Facts: Outline the facts and circumstances of the client’s issue. This would include the question.
Law: Here you would cite your relevant case law AND why they are relevant to the client’s issue. Advisement: Interpret the law and advise the client accordingly.
Closing: Let the client know you are available for questions.
Signature
PAPERS SHOULD BE 2-3 PAGES IN LENGTH AND SHOULD HAVE APPROPRIATE SPELLING, GRAMMAR AND PUNCTUATION YOU WILL BE GRADE ON THESE FACTORS, IN ADDITION TO YOUR INTERPRETATION, FORMATTING AND KNOWLEDGE ON THE SUBJECT MATTER