I need to write a research paper. all the information regarding that you can find it at the last page of the "research 2" file that I submitted it.
A MEMORANDUM To: From: Re: Date: BRIEF ANSWER The introductory sentence or paragraph should identify the client, and indicate what the client wants. Concisely state your conclusions to the issues raised by your client and briefly state your overall rationale. STATEMENT OF FACTS The body of the statement of facts should describe the legally significant and key background facts in an objective, generally chronological or topical manner. ISSUE/S The question generally takes the form: Does/Whether this tax law provision apply to these legally significant facts? DISCUSSION A. Thesis Paragraph: Begin the discussion section with a thesis paragraph that introduces the reader to requirements of achieving your client’s stated objectives. Also, need to state your prediction relating to your client’s desired objective in the order discussed in the balance of your discussion section. B. Identify first requirement for achieving your client’s objective: 1) Topic sentence 2) Fully define and synthesize the rule for the first requirement for achieving your client’s objective 3) Apply the facts to the stated rule (consider analogizing/distinguishing case precedent) 4) Articulate any counter argument (consider analogizing/distinguishing case precedent) 5) Conclude with respect to the first requirement C. Repeat the process described in item B for the remaining requirements necessary to achieve your client’s objective If there are more than one issue, make sure to use sub-heading to address each issue. Each sub-heading must be presented in the same order presented in the thesis paragraph. End with a goodwill closing to maintain professional relationship. Accounting 620 On December 1, 2017, the Joel Freedman, owner of Advanced Technologies was approached by Environmental Solutions, Inc., and offered to buy his company. After consulting with his attorney and further negotiation with management of Environmental Solutions, Mr. Freedman decided to go through with the transaction on August 1, 2018. On August 15, 2018, a letter of intent was signed by Mr. Freedman’s attorney on his behalf, and the law firm representing Environmental Solutions, documenting the parties’ intention that Advanced Technologies would transfer all of its assets and liabilities to Environmental Solutions for the sum of $ 5 million. The letter of intent was presented to the Board of Directors of Environmental Solutions, Inc. on September 30, 2018, and on that day the Board approved the final terms of the transaction and a proposed final contract prepared by the company’s counsel. This transaction was consummated and closed on October 15, 2018. You have been asked to assist in meeting the tax compliance requirements with respect to the transaction, and to provide tax advice as to the consequences of the transaction to both the seller, Advanced Technologies, and the buyer, Environmental Solutions. Advanced Technologies was founded in 2009, by Joel Freedman and has always operated as a sole proprietorship. Prior to starting this company, Mr. Freedman worked full time as an environmental engineer for a large company. While employed, he pursued scientific experimentation in the field of environmental and hazardous waste removal technology on his own time. His research led to discovery of a new technique that could result in a more efficient and effective removal of hazardous waste. He promptly patented this technology and decided to start his own company so he could put his new technology to use. Therefore, he resigned from his position as an environmental engineer and founded Advanced Technologies. Data from the records of Advanced Technologies was presented reflecting the following on date of the transaction: Total Assets Liabilities: Accounts Payable Accrued Payroll Long-term Debt Total Liabilities Equity Contingent Environmental Claim Advanced Technologies Schedule of Assets and Liabilities Book Value Fair Market Tax Basis Value * Assets Cash 100,000 100,000 100,000 Accounts Receivable 250,000 250,000 250,000 Allowance for Bad Debts (10,000) - (10,000) Inventory 125,000 125,000 100,000 Equipment 150,000 150,000 110,000 Depreciation Allowance- Equipment (50,000) (60,000) Building 250,000 100,000 500,000 Depreciation Allowance- Building** (20,000) (10,000) Intangible Assets (Patent) *** 220,000 25,000 1,000,000 1,015,000 680,000 2,050,000 Book Value Tax Basis Fair Market Value 90,000 90,000 90,000 10,000 10,000 10,000 200,000 200,000 200,000 300,000 300,000 300,000 715,000 380,000 1,750,000 Liability (footnote disclosure)**** 2,000,000 *The fair market values were determined by appraisals and valuations performed by Advanced Technologies, and validated by Environmental Solutions, Inc. in its due diligence process. Both parties agree as to the valuation of the assets, including any impairment or decline in realizable value thereof, as reflected in the “Fair Market Value” column of this schedule. The valuation allowance on accounts receivable was reviewed in the due diligence period and was determined to reflect a