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1 describe the kinds of insurance premiums an employer can pay on behalf of an employee without triggering includible
1 what are some common examples of taxable and tax-free fringe benefits2 explain how state and local governments
1 explain why an insolvent taxpayer is allowed to exclude income from the discharge of indebtedness if the taxpayer
1 rolando purchases a golf cart from his employer e-z-go golf carts for a siz- able discount explain the rules for
1 brad purchased land for 45000 this year at year-end brad sold the land for 51700 and paid a sales commission of
1 jerry has a certificate of deposit at the local bank the interest on this certificate was credited to his account
hart an individual bought an asset for 500000 and has claimed 100000 of depreciation deductions against the asset hart
1 what limitations are placed on the deductibility of investment interest expense what happens to investment interest
1 are dividends and capital gains considered to be investment income for purposes of determining the amount of a
1 describe three basic tax planning strategies available to taxpayers investing in capital assets2 clark owns stock
1 what is a wash sale what is the purpose of the wash sale tax rules2 nick does not use his car for business
this year david a taxpayer in the highest tax rate bracket has the option to purchase either stock in a fortune 500
1 why does the tax law provide preferential rates on certain capital gains2 what is the deciding factor in
describe how interest income and dividend income are taxed what are the similarities and differences in their tax
shauna coleman is single she is employed as an architectural designer for streamline design sd shauna wanted to
read the following letter and help shady slim with his tax situation please assume that his gross income is 172900
evan graduated from college and took a job as a deliveryman in the city evan was paid a salary of 68500 and he received
tammy teaches elementary school history for the metro school district in 2015 she has incurred the following expenses
baker paid 775 for the preparation of his tax return and incurred 375 of em- ployee business expenses of which 60 was
trevor is a single individual who is a cash-method calendar-year taxpayer for each of the next two years year 1 and
ray ray made the following contributions this yearcharitypropertycostfmvathens academy schoolcash 5000 5000united
lionel is an unmarried law student at state university law school a qualified educational institution this year lionel
betty operates a beauty salon as a sole proprietorship betty also owns and rents an apartment building this year betty
grady is a 45-year-old employee with amuck garbage corporation amuck pays group-term life insurance premiums for
george and weezy received 30200 of social security benefits this year 12000 for george 18200 for weezy they also