Questions from Federal Taxation


Q: Sri is considering the IRS to find out whether a possible stock

Sri is considering the IRS to find out whether a possible stock redemption would be a qualified stock redemption. Outline some relevant tax issues Sri faces in determining whether to request a letter...

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Q: Mark and Lisa were divorced in 2017. In 2018 Mark has

Mark and Lisa were divorced in 2017. In 2018 Mark has custody of their children, but Lisa provides nearly all of their support. Who is entitled to claim the children as dependents?

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Q: What are the differences between Technical Advice Memoranda (TAMs) and

What are the differences between Technical Advice Memoranda (TAMs) and Technical Expedited Advice Memoranda (TEAMs)?

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Q: Oliver is a US citizen employed by a multinational corporation at its

Oliver is a US citizen employed by a multinational corporation at its London office. Oliver is married to Regina a British citizen, and they reside in England. Regina receives substantial rent income...

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Q: Comment on the availability of head-of-household filling status

Comment on the availability of head-of-household filling status for 2018 in each of the following independent situations: a. Taxpayer lives al0ne but maintains the household of his parents. In July 20...

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Q: In many cases, a surviving spouse ultimately becomes a head of

In many cases, a surviving spouse ultimately becomes a head of household for filing status purposes. Explain this statement.

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Q: Mario, who is single, is s US citizen and resident

Mario, who is single, is s US citizen and resident. He provides almost all of the support of his parents and two aunts, who are citizens and residents of Guatemala. Mario's parents and aunt are seriou...

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Q: In connection with the application of the kiddie tax comment on the

In connection with the application of the kiddie tax comment on the following: a. The child has only earned income. b. The child has a modest amount of unearned income. c. The child is age 20, not a s...

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Q: Conner purchased an annuity that was to pay him a fixed amount

Conner purchased an annuity that was to pay him a fixed amount each month for the remainder of his life. He began receiving payments in 2002, when he was 65 years old. In 2018, Connor was killed in an...

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Q: An appellate court will often become involved in fact-finding determination

An appellate court will often become involved in fact-finding determination. Discuss the validity of this statement.

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