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– Travis and Amy Carter are married and have 2 children • April (age 17), and • Martin (age 18) – Travis is a mining engineer; Amy is a registered nurse – The Carters live only a few blocks from Ernest and Mary Walker, Amy Carter’s parents • The Walkers are retired and live on interest, dividends, and Social Security benefits

– 1. The ad valorem property taxes increased on the Carters’ residence, while those on the Walkers’ residence decreased

– 2. When Travis registers an automobile purchased last year in another state, he is forced to pay a sales tax to his home state

– 3. Gifting a high value item: As an anniversary present, the Carters (the kids) gave the Walkers (the parents) a recreational vehicle (RV)

–4. When Travis made a consulting trip out of state to Chicago, IL the client withheld Illinois state income tax from the payment made to Travis for his services

– 5. Travis employs his children to draft blueprints and prepare scale models for use in his work • Both April and Martin have had training in drafting and topography

– 6. The Carters are audited by the state on an income tax return filed several years ago • Later in the year, they are audited by the IRS on a Form 1040 they filed for the same year • In each case, a tax deficiency and interest were assessed

–7. The Walkers are audited by the IRS • Unlike the Carters, they did not have to deal with an agent but settled the matter by mail

Explain these developments and resolve the issues raised

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