Questions from Federal Taxation

Q: Using the legend provided, classify each of the following tax sources

Using the legend provided, classify each of the following tax sources: a. Sixteenth Amendment to the U.S. Constitution. b. Tax treaty between the United States and India. c. Revenue Procedure. d. An...

Q: Peter maintains a household in which live his 18-year-

Peter maintains a household in which live his 18-year-old son Kip and Kip’s wife Kerry. Although Peter provides most of their support, he does not claim them as dependents because Kip and Kerry file a...

Q: In the citation Notice 90–20, 1990–1 C

In the citation Notice 90–20, 1990–1 C.B. 328, to what do the 20 and the 328 refer?

Q: Using the legend provided, classify each of the following citations as

Using the legend provided, classify each of the following citations as to publisher: a. 83–2 USTC {9600. b. 52 AFTR 2d 83–5954. c. 67 T.C. 293 (1976). d. 39 TCM 3...

Q: Several years ago, after a particularly fierce argument, Fran’s husband

Several years ago, after a particularly fierce argument, Fran’s husband moved out and has not been heard from or seen since. Because Fran cannot locate her husband, she uses a “married, filing separat...

Q: Using the legend provided, classify each of the following statements:

Using the legend provided, classify each of the following statements: a. Sue writes a $707 check for a charitable contribution on December 28, 2017, but does not mail the check to the charitable org...

Q: Compute 2017 taxable income in each of the following independent situations.

Compute 2017 taxable income in each of the following independent situations. a. Drew and Meg, ages 40 and 41, respectively, are married and file a joint return. In addition to four dependent children,...

Q: Research Problem 1. Determine the missing data in these court decisions

Research Problem 1. Determine the missing data in these court decisions and rulings. a. Higgens v. Comm., 312 U.S._____ (1941). b. Talen v. U.S., 355 F.Supp.2d 22 (D.Ct. D.C., ______). c. Rev.Rul. 200...

Q: Compute Emily’s 2017 taxable income on the basis of the following information

Compute Emily’s 2017 taxable income on the basis of the following information. Her filing status is single. Salary………………………………………………………………………………………………………………. $85,000 Interest income from bonds is...

Q: When Oprah gave away Pontiac G6 sedans to her TV audience,

When Oprah gave away Pontiac G6 sedans to her TV audience, was the value of the cars taxable? On Labor Day weekend in 2006, World Furniture Mall in Plano, Illinois, gave away $275,000 of furniture bec...