Imagine that you are a certified Public Accountant (CPA) with a new client who needs an opinion on the most advantageous capital structure of a corporation. Your client formed the corporation in question to provide technology to the medical profession to facilitate compliance with the Health Insurance Portability and Accountability Act (HIPAA). Your client is very excited because of the ability to secure several significant contracts with sufficient capital. Rearch the advantages and disadvantages of debt for capital formation versus equity for capital formation of a corporation. As a tax advisor for the client you are to write a one or two page letter in which you compare the tax advantages of debt versus equity capital formation of the corporation to include the following: 1) You should determine the fact based on your tax research. 2) You must identify the issues (questions). 3) You should locate the applicable authorities in tax regulations. 4) You should evaluate the authorities and choose those to follow where the authorities conflict in tax laws or regulations. 5) You should analyze the facts in terms of the applicable authorities, and 6) You should communicate conclusions and recommendations to the client based on your tax research.